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Must Read Money Stories Friday, Oct. 31
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Must Read Money Stories Friday, Oct. 31

By on Oct 31, 2014

Glitch causes “flash blast” at NYSE. The New York Stock Exchange experienced another technical glitch that affected markets yesterday. The Wall Street Journal reports the glitch caused the NYSE to shut down trading in New York, and instead conduct trades through a disaster recovery center in Chicago. The WSJ reports this is the first time […]

The big costs of marathon running
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The big costs of marathon running

The annual TCS NYC Marathon is this weekend and with 50,000 plus runners headed for the five boroughs, this single event brings over $300 million dollars into the local economy. It is estimated that athletes in NYC spent on average about $1,800 dollars each during the course of their weekend. For a sport that should […]

Must Read Money Stories Thursday, Oct. 30
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Must Read Money Stories Thursday, Oct. 30

Low oil prices could have a significant impact on Iran nuclear talks. The New York Times’ Thomas Erdbrink reports that Western negotiators are recalculating their negotiation tactics to account for this “new wild card.” Iranian president Hassan Rouhani was elected largely on the promise that he’d negotiate with the West and lift crippling sanctions on […]

Must Read Money Stories Wednesday, Oct. 29
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Must Read Money Stories Wednesday, Oct. 29

Welp, this happened. A planned supply mission to the International Space Station exploded on liftoff last night. The Antares rocket was unmanned, and thankfully no one was injured in the explosion. But the financial impact of the explosion is substantial. At least $200 million worth of equipment went up in flames, according to NPR. The […]

The NBA season is starting, and its salary bonanza is just beginning
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The NBA season is starting, and its salary bonanza is just beginning

The 2014-15 NBA season tips off Tuesday night, when the Orlando Magic play the New Orleans Pelicans, the Houston Rockets take on the Los Angeles Lakers and the Dallas Mavericks travel to San Antonio to face the Spurs. Expectations are the highest they’ve been in years, thanks to a giant reshuffling of superstars during the […]

The big business of megachurches
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The big business of megachurches

If you live in the South and West, you’ve undoubtedly seen megachurches. They’re the arena sized houses of worship that are growing at a rapid pace, pulling in parishioners in places like Atlanta, Dallas, Phoenix, and Los Angeles. More than 6 million people attend megachurches, defined as those able to hold 2,000 people or more. […]

Must Read Money Stories, Tuesday, Oct. 28
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Must Read Money Stories, Tuesday, Oct. 28

Twitter hit of all its Q3 numbers, but Wall Street still isn’t happy. The social media company had $361 million in revenue and its active users rose to 284 million — which was in line with expectations — but its stock still fell by 10 percent on Monday. Recode says this drop can be attributed […]

Please, airline, can we have some more (flights)?
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Please, airline, can we have some more (flights)?

In a past life, I worked for Mesa Air Group, a Phoenix-based regional carrier, where I had the chance to observe the team that listened to air service pitches from airports and local communities. Every community, large and small, knows they need commercial air service to be connected to the global air transportation system. Scheduled […]

Must Read Money Stories, Monday, Oct. 27
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Must Read Money Stories, Monday, Oct. 27

Gas just keeps getting cheaper. The price of gasoline has fallen by 18 cents in the past two weeks to the lowest level in nearly four years. The weekly Lundberg survey says the average price of a gallon of unleaded fuel is $3.08 nationwide, the first time it has been that low since December, 2010. […]