Although economist have trimmed their estimates for second-quarter GDP, they don't believe the economy will hit a recession this year or next.
'This is a very good indicator that the economy is on track for an improvement,' said a top banking analyst about Wells Fargo's earnings.
a referendum looms in Detroit, where creditors may approve a debt reduction plan to cut the cash-strapped city's debt.
New U.S. claims for unemployment benefits fell last week to one of its lowest levels since before the 2007-09 recession.
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