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wallstreet-112814_17Dec14.jpg Stocks moved sharply higher over the course of the trading on Wednesday, partly offsetting the steep losses posted over the past few sessions. A positive reaction to the Federal Reserve's monetary policy statement contributed to the rebound.

crudeoil-112514_17Dec14.jpg U.S. crude oil ended higher for a second straight session on Wednesday, having touched an intraday high of near $59 a barrel after an official weekly oil report from the Energy Information Administration showed crude oil stockpiles in the U.S. to have dropped, albeit less than expected. Meanwhile,...

Obama25-121714.jpg Arguing that efforts to isolate Cuba have failed to advance U.S. interests after more than fifty years, President Barack Obama announced Wednesday he will begin to normalize relations with the communist island nation.

Goldbars2-111814_17Dec14.jpg Gold futures snapped a five-day loss to end a tad higher on Wednesday, after having fallen sharply in the previous session amid renewed doubts to whether the Federal Reserve will signal tighter monetary policy later this afternoon. Nevertheless, the gains were very limited as the dollar strengthened...

instagram-121714.jpg Online mobile photo-sharing, video-sharing and social networking service Instagram has released five new photo filters that it believes are its best yet. The new filters - Slumber, Crema, Ludwig, Aden and Perpetua - now appear at the front of the filter tray. To make the filters more user friendly,...

wallstreet3-121214_17Dec14.jpg After moving moderately higher in early trading on Wednesday, stocks have seen some further upside over the course of the trading day. The gains on the day are partly offsetting the steep losses posted over the past few sessions.

Applepay-121714.jpg Apple's iPhone-based Apple Pay system is gaining momentum nationwide with a host of new banks and retailers signing on. The system allows users to link a credit card directly to their device for payments and Apple now says they have deals with banks that account for 90 percent of the debit card transactions in the US.

tesla-cars-121714.jpg The current drop in fuel prices could lead to a major sales dip for electric automaker Tesla, according to some industry experts. The Elon Musk led manufacturer had predicted sales of over 500,000 new vehicles by 2020, but now that number could fall by as much as 40 percent.

mcconnell-121714.jpg A bill approving construction of the Keystone XL pipeline will be the first order of business in the new Republican-controlled Senate, incoming Senate Majority Leader Mitch McConnell, R-Ken., told reporters on Tuesday.

Obama-sign-121714.jpg President Barack Obama quietly signed a $1.1 trillion spending bill on Tuesday, officially eliminating the threat of another government shutdown. The bill, which the Senate approved by a 56 to 40 vote Saturday night, funds most of the government through the end of the current fiscal year next September.

wallstreet1-121214_17Dec14.jpg Stocks have moved mostly higher in early trading on Wednesday, regaining some ground after moving sharply lower over the past few sessions. The major averages have climbed into positive territory, although buying interest has remained relatively subdued.

AMC-121714.jpg AMC Theatres is testing a movie-a-day subscription package in two U.S. cities, aiming to get people off the couch and back into movie theatres. The MoviePass Premium service will be test launched at AMC theatres in Boston and Denver by early 2015. AMC said it will launch the service in other markets following the results of the pilot program.

EuropeanUnion-121714.jpg The first EU-wide opinion poll conducted since a new European Commission headed by Jan Juncker took office in November shows that confidence in the European Union is increasing. According to the Autumn 2014 Standard Eurobarometer survey results, published Wednesday, more citizens have a positive image of the European Union and trust in the EU. There is also considerable public support for the k

CPIChart-121714.jpg Consumer prices in the U.S. fell by more than anticipated in the month of November, according to a report released by the Labor Department on Wednesday, with the decrease reflecting another sharp drop in energy prices.

mcdonalds-frenchfries-121714.jpg McDonald's (MCD) has been forced to ration its french fries in Japan due to a severe shortage of imported U.S. potatoes. Medium and large fry orders won't be available until at least early next year, forcing Japanese customers to cope with tiny bags of fries until then. "We will temporarily change...