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Paul B. Farrell: Washington ‘clowns’ set up 42% stock-market drop

One fiscal cliff down. Three more to go. Read More

Asia Markets: Asia stocks mostly lower, but Japan rallies

Asia stocks move mostly lower after a sizeable increase in Chinese inflation, but Japanese shares advance on the back of fresh losses for the yen. Read More

Personal Finance Daily: Milk is so over. What Americans drink now

While Americans drink about 30% less milk than they did in 1975, consumption of a number of other beverages is climbing. Read about drink trends, Social Security reform, the Herbalife fight and more in today’s Personal Finance Daily. Read More

Market Snapshot: U.S. stocks rise on improved global view

U.S. stocks rise on Thursday, lifting the S&P 500 to a five-year closing high, after data from China bolstered the view of an improving global economy. Read More

For Vietnamese stocks, a Happy New Year

Vietnam’s stock market has been the unlikely star performer in Asia this year, surging 11%. Foreign investors are rushing in as the government takes measures to kickstart the troubled economy and relaxes rules on the share market. Read More

Caixin Online: Constitution a key component of China reform

Stability can only be achieved by fully implementing the 1982 document, and this should be made a mid-term goal of reform, Caixin Online writes in an editorial. Read More

Caixin Online: Scrutiny of China IPO hopefuls to cut backlog

Some at securities firms say regulator is getting tough now only because a record number of companies crowd the application line, Caixin Online reports. Read More

Caixin Online: Greasing up a China railroad

In an industry already notorious for corruption, a recent court case shows how even the biggest state-owned companies lined pockets for contracts, Caixin Online reports. Read More

CES: Hot and cold wraps, without a microwave or fridge

Temperature-controlled aids treat muscle aches and injuries. Read More

MarketWatch First Take: Deutsche’s Libor take a warning to Wall St.

When it comes to questionable profits at overseas banks, U.S. investors have a bigger stake in the news than they might know. Read More