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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 20, 2015
Page
6
A stock rally faded on Friday after driving a key index to a record intraday high, but the market still posted its best weekly gain in almost two months. The Federal Reserve’s Wednesday briefing boosted sentiment as policymakers indicated no hurry to raise rates from historic lows.
San Francisco reports three tech giants Apple Google and Samsung plan broader digital wallet options this fall aiming to boost mobile payments. Apple will add store credit cards and loyalty programs to Apple Pay while Google Android Pay and Samsung Pay promise wider store adoption and compatibility with existing readers.
The article notes that initial public offerings attract attention for first-day price action. A sharp jump delights investors, while weak demand risks a muted start and negative perceptions about the offering.
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