Finance & Mortgage

Wall Street rebounds as biotech moves back to positive zone

U.S. stocks rose by late afternoon on Tuesday in a volatile session, rebounding from a two-day decline as a strong read on consumer confidence increased optimism about the economy.

U.S. banks enjoy 'too-big-to-fail' advantage: Fed study

A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, joining a heated debate that could influence regulators that are implementing tough new rules for Wall Street.

Property tax revenues highest in more than 20 years: U.S. Census

Property tax revenues for U.S. states and local governments reached a record high in the final quarter of 2013, according to Census data released on Tuesday showing the housing recovery is finally reaching school districts and cities' budgets.
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