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Stocks put together a strong rally Friday, as investors pounced on word of lackluster second-quarter economic growth as a sign that the U.S. Federal Reserve was unlikely to raise rates at its Aug. 8 meeting, which would mark the first time in more than two years that it did not tighten monetary policy.
FORBES: Rally On Rates
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Some trivia enthusiast needs to do a word count, but I reckon about one quarter of the debate was on the American economy with Romney on the attack and Obama on the defensive.
FORBES: How Obama Handed The Debate To Romney (Update: Why No Benghazi? Answer: Reuters)
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But it is Ali al-Naimi, Saudi Arabia's oil minister, whose word really counts: he has responsibility for a quarter of the world's oil reserves.
ECONOMIST: Kerfuffle over falafel
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U.S. equities traded narrowly Friday morning on word the economy grew at a slower pace in the first quarter than economists had hoped, according to a Commerce Department report, setting a gloomy tone on Wall Street as the week winds down.
FORBES