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Average tax refund is $3,120 so far

One month into the tax filing season, the average federal tax refund was $3,120, the IRS said Thursday. As of Feb. 20, the agency said it paid out $125 billion in refunds and processed about 50 million tax returns.

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From RadioShack

RadioShack to sell name with $20 million opening bid

RadioShack's largest shareholder agreed to bid $20 million for the defunct retailer's name and other intellectual property in bankruptcy court on Wednesday.

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CNNMoney

It's official: America has deflation

America experienced something in January it hasn't seen in years: deflation.

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Justin Sullivan/Getty Images

T.J. Maxx, Marshall's to hike minimum wage for workers

The owner of T.J. Maxx, Marshall's and Home Goods is raising wages for its workers to at least $10 an hour sometime next year.

The company, TJX Companies, will first raise the wages of workers to $9 an hour in June of this year. Then, at some point…

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From Walmart

Obama congratulates Walmart CEO on wage hike

President Barack Obama on Wednesday called Walmart CEO Doug McMillion to applaud him for raising wages for his workers $1.75 above the federal minimum wage.

According to the White House, the President made the call aboard Air Force One on Wednesday…

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Lintao Zhang/Getty Images

America: The new destination for rich Chinese shoppers

New waves of Chinese tourists will soon hit U.S. shores and big retailers are poised to cash in.

These high-spending travelers make most of their trips in Asia, but the U.S. is gaining popularity fast.

HSBC expects Chinese tourists will drive sales…

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Quantas Airways Limited

Stunning turnaround: Qantas profitable again

Emerging just a year after perhaps the bleakest financial period in its history, Qantas has rebounded in dramatic fashion.

On Thursday, Australia's national carrier announced an after-tax interim profit of A$206 million (US$161 million) for the…

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Senate TV

Predicting the next debt ceiling crackup

Remember the debt ceiling? Yeah, that -- nothing but political trouble. Congress will need to deal with it again this year.

The question is when exactly.

It had been thought that Congress would need to raise or suspend the debt ceiling by summer.

But…

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CNN

Stock markets all around the world broke records

Pat yourself on the back if you had money in the stock market today.

Stock markets all around the world broke records. The United States, United Kingdom, Germany and Sweden all saw their main stock market indexes hit their highest levels ever.

Japan…

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CNNMoney/Shutterstock

SIM card maker: NSA failed to hack your phone

Ok, so the U.S. National Security Agency may have attempted to hack your mobile phone. But relax! It looks like it failed to pull off the attack successfully.

Gemalto, the world's largest manufacturer of SIM cards, said it believes it was jointly…

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