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MW: U.S. GDP report puts Fed on track for September rate hike
 
Growth in the U.S. economy firmed up in the spring after a soft start to the beginning of the year, prodded by higher consumer spending on big-ticket items such as new cars and trucks and the strongest housing market in years. See full story.

Buying oil stocks at these prices is just spilling money
The pain in the oil market is far from over, and energy stocks are no bargain, writes Jeff Reeves. See full story.

Spare me the hypocrisy on Cecil the lion
Where’s the outrage over other endangered species, or the consumption of animals? asks Brett Arends. See full story.


Record rainfall is sowing havoc on corn, soybean futures
Rain makes grain, but how much is too much of a good thing? That is the question for traders as they try to get a grip on this year’s corn and soybean crops. See full story.

Facebook is looking at new ways to make money on Instagram
Facebook Inc.’s second quarter earnings call with investors lacked much of the drama that Twitter and Yelp created a day earlier, but one tidbit of interest was a brief discussion of new ways the company may make money from Instagram. See full story.
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