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After the Fed, China Bears return with vengeance

Less than a week after the US Federal Reserve rattled global markets with talk about possibly easing its monetary stimulus this year, growing worries about a credit crunch in China suggest the risk appetite that was so strong just two months ago could take some time to return.  In fact, fears that tight liquidity conditions could harm the world's second largest economy kept stock markets firmly in negative territory on Tuesday. 

'Government Motors' No More: GM Comes Full Circle

General Motors being added to the S&P 500 at the close on June 6th (replacing Heinz ) is more good news for GM, as the stock orbits a two year high in early Wall Street dealings. GM May sales were up 3.1 percent. May light vehicle seasonally adjusted annual rates are now at 15.3 million, well above last year's numbers (13.9 million). and even better than April's 14.9 million.
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