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In the current earning season, retailers have reported divergent results. The high end has been doing well, but those companies that cater to middle and lower income consumers have been struggling

In the current earning season, retailers have reported divergent results. The high end has been doing well, but those companies that cater to middle and lower income consumers have been struggling, and that pattern is likely to extend to consumers. Economists note that this “two-tiered” recovery could hinder long-term growth. Jill Schlesinger reports.

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The stock market rallied on Friday after the government’s monthly unemployment report showed solid growth in construction and manufacturing jobs

The stock market rallied on Friday after the government’s monthly unemployment report showed solid growth in construction and manufacturing jobs. Also, Wall Street will be listening very closely to Janet Yellen, who will make her first appearance on Capitol Hill this week as head of the Federal Reserve. Alexis Christoforous reports.

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The Dow suffered a triple-digit loss for the seventh time this year. A weaker-than-expected manufacturing report said growth in orders for machinery and other large factory goods dropped by the most in 33 years

The Dow suffered a triple-digit loss for the seventh time this year. A weaker-than-expected manufacturing report said growth in orders for machinery and other large factory goods dropped by the most in 33 years. Slow growth in developing economies added to investor pessimism. Alexis Christoforous reports.

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Senator Mike Lee (R-Utah) criticized the Obama administration for contributing to the nation's massive income gap by making Americans too dependent on government

Senator Mike Lee (R-Utah) criticized the Obama administration for contributing to the nation's massive income gap by making Americans too dependent on government. He also stressed what he said is the need for lower taxes in order to spark the economy, and said the best way to stop Obamacare is to provide better health care solutions.

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