Health care spending growth is at a record low. Here's the catch.

NEW YORK (CNNMoney) What's less clear is why -- the weak economy or cost-control measures, including the earliest provisions of the Affordable Care Act. Since health care spending is a major driver of the federal deficit, that's a pretty critical...

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Income, spending both up

Spending and income both rose in March. NEW YORK (CNNMoney) The Commerce Department reported that income rose at a 0.2% rate in the month, slower than a 1.1% rise in February. Spending also grew at a 0.2% rate, down from the 0.7% increase the previous...

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Stocks: Starting week on a high note

Click on chart to track premarkets NEW YORK (CNNMoney) Expectations of a further rate cut from the European Central Bank and continued monetary support from the Federal Reserve later this week gave additional support to the market. "The ECB...

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Spending cut bright spot: Fewer IRS audits

NEW YORK (CNNMoney) The cuts, known as the sequester, will wipe $600 million from the IRS's budget this year, forcing the agency's nearly 100,000 employees to be furloughed without pay for up to seven days. Five furlough days have been identified...

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Legal marijuana's all-cash business and secret banking

SEATTLE (CNNMoney) Banks and credit card companies are staying away from marijuana businesses, forcing growers and sellers to deal mostly in cash. In response, when pot businesses deal with banks, it's usually in disguise. That's just one byproduct...

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Legal marijuana's need for high security

The high value of marijuana, and the cash that businesses are forced to keep around, makes them a target for thieves. SEATTLE (CNNMoney) Without extensive security, a pot dispensary is nothing more than a giant target. A pound of weed goes for...

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Even when 'legal,' marijuana is risky business

Washington State legalized marijuana, but it's still illegal to the federal government. That makes growing it -- and selling it -- complicated. SEATTLE (CNNMoney) At the local level, pot businesses are often welcomed by politicians and sheriffs...

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Italian markets cheered by new government

New Italian Prime Minister Enrico Letta wins investor approval but faces huge economic challenges. LONDON (CNNMoney) Center-left Prime Minister Enrico Letta was sworn in Sunday to head a broad coalition of ministers from his own party and members...

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EU bans some pesticides to save its bees

Campaigners dressed as bees swarmed Parliament Square in London to show their support for a ban on pesticides that are said to hurt the bee population. LONDON (CNNMoney) The European Commission will roll out the ban across all 27 member states...

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Wall Street lifted by Italy, housing data

Click the chart for more stock market data. NEW YORK (CNNMoney) Early Monday, European investors cheered the formation of a new Italian government, ending weeks of political deadlock and uncertainty in a country mired by recession. Italian...

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U.K. may have slipped into a third recession

Bitterly cold weather hit retail sales and construction in the U.K. last month. LONDON (CNNMoney) Most economists expect the world's sixth-largest economy to narrowly avoid a second consecutive quarter of contraction when the first estimate of...

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Next-generation ATMs boast video chat, exact change

Bank of America is rolling out Teller Assist machines that allow customers to video chat with bank tellers and receive exact change down to the penny. NEW YORK (CNNMoney) By investing in "new-fangled ATMs," banks are hoping to keep customers coming...

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Hog Wild: Harley-Davidson sales are rolling again

(Fortune) Amid booming sales in the mid-1990s, Harley was pronounced a growth stock, on a par with, say, Hewlett-Packard. Then in the late '90s and early '00s, orders began outpacing production, and used prices shot up, leading analysts to the conclusion...

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U.K. moves to block Europe's Tobin tax

The U.K. is going to court to try to stop 11 EU states implementing a financial transactions tax. LONDON (CNNMoney) The U.K. has challenged the proposal at the European Court of Justice, the EU's highest court, just days after the world's leading...

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Paying for Finn: A special-needs child

The cost of son Finn's care has forced author Jeff Howe and his family to make some tough choices. (Money Magazine) I don't mean that in an every-child-is-unique-as-a-snowflake way. I mean that my wife, Alysia, and I are pretty sure that Finn hails...

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Stocks: More earnings on deck

Click on chart to track premarkets NEW YORK (CNNMoney) U.S. stock futures were up slightly. Caterpillar (CAT, Fortune 500), considered a bellwether for the global economy because of its size and reach, missed earnings and revenue forecasts....

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Paying for special needs

Finn Howe is in occupational therapy now. He's likely to need some kind of therapy, as well as full-time care, for the rest of his life. NEW YORK (Money Magazine) Start building a financial safety net with these steps: Tap your local resources....

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Solar jobs outnumber ranchers in Texas, actors in California

A new map tallies up the number of solar-energy workers in each state. NEW YORK (CNNMoney) Those stats come from solar research group The Solar Foundation, which rolled out a map last week showing which states have the most solar jobs. Unsurprisingly,...

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Home sales slip in March

Home sales slipped slightly in March but were much higher than levels a year ago. NEW YORK (CNNMoney) The Realtors' report on the sale of previously owned homes Monday showed the annual sales rate in March came in at 492,000, down 0.6% from February,...

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Investors disappointed by housing report

Click the chart for more stock market data. NEW YORK (CNNMoney) The Dow Jones industrial average and S&P 500 edged down 0.4%, while the tech-heavy Nasdaq slipped 0.2%. Investors were disappointed after an industry report showed that existing...

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Citigroup profit spikes 30%

Citigroup's shares are up 30% since CEO Michael Corbat took over in October 2012. NEW YORK (CNNMoney) For most banks, beating analysts' estimates is nice but Citigroup is not most banks. It struggled under former CEO Vikram Pandit to gain any traction...

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Rethinking health care with PatientsLikeMe

Jamie (left) and Ben Heywood (Fortune) Would you call your website a social network? Jamie: I struggle with this definition. We do have social-networking components, but it's not the core of what we do. The Internet has sparked a technological...

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Top-earning hedge-fund chief takes home $2.2 billion in 2012

Appaloosa Management's David Tepper was the top-earning hedge-fund manager in 2012, taking home $2.2 billion. NEW YORK (CNNMoney) The 12th annual "rich list" placed David Tepper, founder of the New Jersey-based Appaloosa Management, atop its ranking....

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Dish launches $25.5 billion bid for Sprint

Dish announced a $25.5 billion bid for Sprint early Monday. NEW YORK (CNNMoney) The offer is an attempt to top another bid for Sprint: $20.1 billion for a 70% stake from Japanese tech company Softbank (SFTBF). That offer, which Sprint accepted...

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What is Dish thinking with Sprint offer?

NEW YORK (CNNMoney) The satellite company offered $25.5 billion to buy Sprint (S, Fortune 500), the No. 3 cell phone company in the United States, Monday morning. Dish has already courted T-Mobile, Clearwire (CLWR) and MetroPCS (PCS, Fortune 500)....

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Fewer businesses provide health insurance

NEW YORK (CNNMoney) The share of small companies providing insurance plummeted from 47% to 38% between the years 2000 and 2011, according to a report from the Robert Wood Johnson Foundation. The proportion of all companies offering insurance slid...

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Gold plunges to two-year low

Click chart for more on commodities prices. LONDON (CNNMoney) Monday's broad decline was sparked by slowing growth in China. The world's second biggest economy grew by 7.7% in the first quarter of the year, down from 7.9% in the fourth quarter...

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Google's new bid to avoid EU fine

New proposals from Google to satisfy EU antitrust concerns will be made public shortly. LONDON (CNNMoney) The proposed changes come after the EU's top competition authority launched an investigation in November 2010, prompted by complaints from...

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Stocks slump on weak Chinese data

Click the chart for more stock market data. NEW YORK (CNNMoney) That's how investors were feeling Monday, after they awoke to disappointing news that China's economic growth had slowed in the first quarter. Stocks around the globe sold off,...

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