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Fed emergency loans to banks drop sharply

Fed emergency loans to banks drop sharply

Banks borrowed less from the Federal Reserve’s emergency lending program over the past week as it becomes easier to borrow in the private credit markets. Commercial banks averaged $15.1 billion in daily borrowing for the...

Price War Weighs Down Telecom Stocks

Price War Weighs Down Telecom Stocks

A wireless price war has sent phone stocks sliding this year, as telecom fourth-quarter earnings reports are set to kick off Tuesday with Verizon Communications. Wireless services have been a bright spot for phone companies...