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China economic momentum slows down in first quarter

  Bloomberg The first peek into China’s economy this quarter shows momentum cooling slightly as a real-estate frenzy and months of producer-price gains may have peaked. Confidence of small- and medium-sized enterprises, a gauge of manufacturing based on satellite imagery and a steel sentiment index edged down in April. International financial market experts remained confident in the future of the ...

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Big summer shutdowns loom for US auto plants

  Bloomberg Auto workers may be getting some extra time off around Independence Day, but they won’t be celebrating. They’ll know it means sales are weak and that profits — and profit-sharing checks — could be shrinking. Manufacturers used to shut plants for a week or two in July for maintenance and to keep inventories in check. As sales boomed ...

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Most US homes are worth less than before the crash

  Bloomberg You can’t blame a homeowner in Fresno, California, for viewing the thriving metropolis to its northwest with both envy and dismay. While San Francisco home values have surged since the recession, Fresno’s housing market is stuck in a rut. Less than 3 percent of homes in the city and its environs have returned to their pre-recession peak, according ...

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