10-27-2016  1:55 am      •     
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Labor Department: Average 25-year-old has already worked 6.3 jobs between ages of 18 and 25

NEW YORK (CNNMoney) -- The job-hopping millennial is not so different from their parents ... at least not yet.



Long lines hurt poor and elderly seeking free tax preparation advice

WASHINGTON (CNNMoney) -- Budget cuts at the Internal Revenue Service are causing long lines for the poor and elderly seeking free tax preparation advice, lengthier hold times for IRS help line calls and delays in tax refunds for identify theft victims.



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The government has pumped in $116 billion in bailout funds in its rescue of the company

NEW YORK (CNNMoney) -- Mortgage financing giant Fannie Mae Tuesday reported a record profit of $17.2 billion for 2012, a testament to how much the housing market has improved lately.



Denmark applies 60.2 percent rate to income over roughly $55,000

NEW YORK (CNNMoney) -- It's a common complaint among some wealthy Americans: My taxes are too damn high. But they might feel a little better if they considered Denmark. Or the United Kingdom. Or Austria.  



Country is still in the midst of trying to negotiate better terms for its bailout

NEW YORK (CNNMoney) -- Cypriot finance minister Michael Sarris resigned Tuesday, just days after the country accepted a 10 billion euro bailout to stave off a disorderly banking collapse.



Business seeks to promote authentic African clothing, natural beauty products and cooperative economics

She says the key to the success of her family business, Fashion & Natural Beauty, has been the outpouring of support from those in the NE Portland community and the gratitude her family has shown in return.



Deposits above 100,000 euros have been frozen at both of the country's biggest banks

LONDON (CNNMoney) -- Banks in Cyprus opened their doors Thursday for the first time in nearly two weeks with strict controls on the amount of cash people can withdraw as authorities tried to prevent money draining out of the economy following a bailout by the European Union.



Investment in non-residential buildings grew at a 16.7 percent annual rate

NEW YORK (CNNMoney) -- U.S. economic growth was weak at the end of last year but better than previously thought, according to the government's third and final report on the fourth quarter.



Upcoming furloughs mean a 20 percent pay cut for thousands of federal workers

WASHINGTON (CNNMoney) -- Upcoming furloughs mean a 20% pay cut for thousands of federal workers -- and some tough budgeting choices. For many, student loan payments will be the first to go.


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