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U.S. Homebuilder Confidence Soars to 7-year High

For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.

The National Association of Home Builders/Wells Fargo builder sentiment index leaped to 52 this month from 44 in May.

A reading above 50 indicates more …

Greek State TV, Radio Broadcasts Go Off the Air

(ATHENS, Greece) — Greek state TV and radio were gradually pulled off the air late Tuesday, hours after the government said it would temporarily close all state-run broadcasts and lay off about 2,500 workers as part of a cost-cutting drive demanded by the bailed-out country’s international creditors.

The conservative-led government …

S&P Upgrades U.S. Outlook, but Investors Yawn

(NEW YORK) — The Standard & Poor’s ratings agency said Monday it’s getting more optimistic about the U.S. economy. But investors just yawned.

Stocks budged higher when trading opened, shortly after the S&P agency raised its outlook for the U.S. government’s debt rating and credited “the strengths of the economy.” But the gains …

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