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Wall Streets Falls for Sixth Consecutive Day Over Continued Global Economic Worry

By: , dated July 12th, 2012
As worries continued that the Euro debt crisis and slow global economic growth would hurt U.S. corporate earnings, Wall Street closed in the red for the sixth consecutive day. Warren Buffett, speaking early on Thursday, said his economic outlook is dimmer than it was earlier in the year, which added to investors’ uncertainty. On a positive note, the S&P index of homebuilders jumped 2.4 percent while first-time jobless claims decreased to 350,000, the lowest total since March 2008.

Word on the Street

Interesting Tidbits

  • The creator of Nike (NKE)’s Swoosh symbol was paid only $35 for the design.
  • 7-Eleven sells 10,000 pots of coffee an hour, every hour, every day.
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