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Scott and Sheila Collett stand in front of the home that they recently purchased, Tuesday, Feb. 21, 2023, in Valrico, Fla. Collett negotiated a seller-paid mortgage rate buydown to close the deal on the four-bedroom, two-bathroom house with a pool. (AP Photo/Phelan M. Ebenhack)

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Despite market slump, high rates dim homebuyer affordability
By ALEX VEIGA - AP Business Writer
Tue,03/14/23-3:06PM , 440 Reads
LOS ANGELES (AP) — Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season.
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A Tesla logo is seen at the company's store in Denver's Cherry Creek Mall on Feb. 9, 2019. Owning Tesla stock in 2022 has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. (AP Photo/David Zalubowski, File)

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Rocky ride: Tesla stock on pace for worst year ever
By ALEX VEIGA - AP Business Writer
Wed,12/28/22-12:28PM , 301 Reads
LOS ANGELES (AP) — Owning Tesla stock this year has been anything but a smooth ride for investors.

Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. By comparison, the benchmark index is down about 20%.
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Former President Donald Trump speaks at Mar-a-Lago Friday, Nov. 18, 2022 in Palm Beach, Fla. Earlier in the day Attorney General Merrick Garland named a special counsel to oversee the Justice Department's investigation into the presence of classified documents at Trump's Florida estate and aspects of a separate probe involving the Jan. 6, 2021, insurrection and efforts to undo the 2020 election. (AP Photo/Rebecca Blackwell)

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Musk restores Trump's Twitter account after online poll
By ALEX VEIGA - AP Business Writer
Sat,11/19/22-7:03PM , 343 Reads
LOS ANGELES (AP) — Elon Musk reinstated Donald Trump’s account on Twitter on Saturday, reversing a ban that has kept the former president off the social media site since a pro-Trump mob attacked the U.S. Capitol on Jan. 6, 2021, as Congress was poised to certify Joe Biden’s election victory.
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Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks are opening higher on Wall Street, Friday, Sept. 2, after a solid report on the jobs market last month that also didn't came in too high.(AP Photo/John Minchillo, File)

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Stocks shed early gains, end lower for 3rd straight week
By ALEX VEIGA - AP Business Writer
Fri,09/02/22-1:08AM , 1,137 Reads
Stocks gave up an early rally and closed lower Friday, marking their third losing week in a row and extending Wall Street's late-summer slump.
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