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U.S. Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee. (Photo by Win McNamee/Getty Images)
U.S. Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee. (Photo by Win McNamee/Getty Images)
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Fed gives OK to 30 banks to up dividends, buy back shares

The Federal Reserve has given the green light to major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough financial foundation to withstand a major economic downturn.

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bank (KevinAlexanderGeorge, ThinkStock)
bank (KevinAlexanderGeorge, ThinkStock)
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Nation’s largest banks all pass Fed’s ‘stress tests’

The U.S.'s largest financial institutions have enough armor to withstand the turmoil of a major and prolonged U.S. and global recession, the Federal Reserve said Thursday.

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Federal Reserve Chair Janet L. Yellen delivers a speech on economic outlook and monetary policy on June 6, 2016 in Philadelphia, Pennsylvania. (Photo by Jessica Kourkounis/Getty Images)
Federal Reserve Chair Janet L. Yellen delivers a speech on economic outlook and monetary policy on June 6, 2016 in Philadelphia, Pennsylvania. (Photo by Jessica Kourkounis/Getty Images)
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Yellen: Economy improving but timing of rate hike is unclear

Federal Reserve Chair Janet Yellen indicated Monday that the U.S. economy is improving but remains defined by so many uncertainties that it's unclear when the Fed should resume raising interest rates.

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(David De Lossy, ThinkStock)
(David De Lossy, ThinkStock)
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NJ residents reveal bleak thoughts on the economy

A statewide survey out of Stockton University takes a snapshot of New Jerseyans' thoughts on their own finances and the economic status of the Garden State, and the results are depressing.

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graudation
David Hsu, ThinkStock
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Class of 2008 – Are these college graduates cursed with unfortunate career timing?

It was a year that experienced the loss of 2.6 million jobs nationwide. The unemployment rate ended the year at its worst level since the early 1990s. But for millions of young adults, it was still their turn to come out of college and enter the labor market.

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Wealth
Purestock, ThinkStock
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Reasons NJ’s recession recovery is moving slowly

It is no secret that New Jersey's recovery from the recession is lagging far behind neighboring states. Democratic legislators have consistently blamed Gov. Chris Christie. At a Senate Budget Committee hearing on Tuesday, Christie's treasurer was asked about the topic and laid out several reasons for the Garden State's slow rebound.

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Wealth
Purestock, ThinkStock
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Study: New Jersey among the wealthiest states

New Jersey tied Washington D.C. for the top spot in the country for wealth, according to a recent study.

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(james steidl, ThinkStock)
(james steidl, ThinkStock)
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Study: Recessions can postpone motherhood forever

NEW YORK (AP) -- When the economy tanks, women have fewer babies. But what happens in the following years, when conditions improve?

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New house construction
(Matt Cardy, Getty Images)
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Home construction on the rise in NJ

Good news from New Jersey's housing front: the number of new construction permits has jump-started this year so far to its best level since 2007.  

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Job seeker Craig Cline of Lincolnwood, Ill., right, meets with Jeremy Skeeters, left, and Lindy Hammel, of Aflac Insurance Co., during a career fair in Rolling Meadows, Ill. in May, 2013. (AP Photo/M. Spencer Green)
Job seeker Craig Cline of Lincolnwood, Ill., right, meets with Jeremy Skeeters, left, and Lindy Hammel, of Aflac Insurance Co., during a career fair in Rolling Meadows, Ill. in May, 2013. (AP Photo/M. Spencer Green)
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NJ, 31 other states trail overall US job recovery

WASHINGTON (AP) -- Five years after the Great Recession officially ended, most states, including New Jersey, still haven't regained all the jobs they lost, even though the nation as a whole has.

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