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VC firms rain down cash on tech startups, is bubble brewing?

Cash rained down on startups in 2014, as venture capitalists poured a whopping $48.3 billion into new U.S. companies — levels not seen since before the dot-com bubble burst in 2001. Strong technology IPOs are luring investors chasing the next big return, but with valuations this high, critics suggest some investors may be setting themselves up for a major fall.

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Growers struggle with glut of legal pot in Washington state

Washington's legal marijuana market opened last summer to a dearth of weed. Some stores periodically closed because they didn't have pot to sell. Prices were through the roof.

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Wet Seal files for bankruptcy in effort to stay afloat

The Wet Seal Inc. has filed for Chapter 11 bankruptcy protection in an effort to keep its remaining teen clothing stores open.

Postal Service proposes small price increases on postage

The U.S. Postal Service on Thursday proposed slight increases for mailing postcards and international letters — but wants to leave first-class "Forever" stamps at their present 49 cents.

Moody's cuts Russian government's bond rating

Moody's Investors Service has cut its rating on Russian government bonds one step closer to "junk" status.

Swiss franc's staggering ascent to be felt far and wide

A 30 percent swing in a blink of an eye is not uncommon in the stock market. In the world of currencies, it can seem as rare as Halley's Comet.

Rising oil lifts energy companies and stock market

A surge in oil and gas companies pulled the stock market out of a five-day slump on Friday, as the price of crude swung higher.

Litany of problems pushes Target into giving up on Canada

Target is giving up on its money-losing foray into Canada after just two years, closing 133 stores and cutting loose more than 17,000 employees.

BofA, Citi miss forecasts as trading struggles

The final months of 2014 were more difficult for big banks than investors suspected.

Weak bank results weigh on stock market

Disappointing results from Bank of America and Citigroup tugged the stock market to its fifth straight loss Thursday.

Caesars unit files bankruptcy to cut debt, faces court fight

A cash-strapped division of casino giant Caesars Entertainment Corp. filed for bankruptcy protection Thursday in Chicago, hoping the court agrees to its plan to get out from under $18.4 billion in debt.

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets.

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We burn 2.7 million gallons a minute, so why’s oil so cheap?

The world burns enough oil-derived fuels to drain an Olympic-sized swimming pool four times every minute. Global consumption has never been higher — and is rising.

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Need help filing out your tax return? Don’t call the IRS

Filing a federal tax return is about to get more complicated for millions of families because of President Barack Obama’s health law. But they shouldn’t expect much help from the Internal Revenue Service.

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Dismal report on US retail spending hits the stock market

A dismal report on retail spending in the U.S. and signs of slowing global growth drove stocks lower and sent yields on government bonds plunging as investors sought safety.