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Long Weekend in Moab, Utah

Moab is known as the adventure capital of Utah thanks to its “slickrock” mountain biking trails and white-water rafting along the Colorado River. It’s also the gateway for Arches and Canyonlands National Parks. When it comes to the scenery, there’s nothing quite like this place. Its otherworldly red-rock landscape has doubled as alien planets in Star Trek and John Carter, and also provided the backdrop for movies ranging from classic John

UK spies reportedly saw everything you did on the internet

Leaked documents from Edward Snowden has revealed a number of surveillance programs conducted by the United Kingdom’s Government Communications Headquarters (GCHQ), including a program to spy on every individual’s internet browsing habits. According to the documents that were obtained by publication The Intercept, the purpose of the surveillance operation called Karma Police, was to “build a web-browsing profile for every visible user on the Internet.” This included every user across

Wall Street braces for grim third quarter earnings season

    Forecasts for third-quarter S&P 500 earnings now call for a 3.9 percent decline from a year ago, based on Thomson Reuters data, with half of the S&P sectors estimated to post lower profits thanks to falling oil prices, a strong U.S. dollar and weak global demand. A rolling 12-month forward earnings per share forecast now stands near negative 2 percent, the lowest since late 2009, when it was down 10.1

Yellen returns to Washington; questions remain after health scare

AMHERST, Mass./SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen is back in Washington on Friday, a day after receiving emergency medical attention following a speech during which she appeared to lose concentration and which she struggled to finish. A Fed spokesperson would not comment on whether Yellen planned to see a doctor for a follow up check-up, and would not comment on her health beyond last night’s statement that

Volkswagen picks company veteran to tackle emissions crisis

After a marathon board meeting at its headquarters in Wolfsburg, the world’s biggest automaker said Mueller, the 62-year-old head of its Porsche sports car division, would replace Martin Winterkorn, who resigned as CEO on Wednesday. As Mueller took the helm, however, Germany’s transport minister announced the carmaker had manipulated test results for about 2.8 million vehicles in the country, nearly six times as many as it has admitted to falsifying

Stronger U.S. second quarter growth backs case for Fed hike

The U.S. economy expanded more than previously estimated in the second quarter on stronger consumer spending and construction, backing the case for an interest rate rise before the end of the year despite data sounding a note of caution for September. “There had been quite a bit of fear that strong inventory building in Q2 would be unwound in Q3.

Boehner resignation cuts U.S. government shutdown risk

The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers. Boehner said Friday he will step down from the speakership and leave the House at the end of October. This was seen as a sign