US market sinks, Bernanke to safeguard money market funds

PUBLISHED ON: April 10, 2012 | Duration: 24 min, 00 sec

   
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US stocks fell in a broad and steep decline. US wholesale inventories rose 0.9 per cent in February. Facebook shelled out $1 billion for photo-sharing service Instagram. Apple's market capitalization hit $600 billion for the first time. US Federal Reserve Chairman Ben Bernanke called for more regulations to safeguard money market funds.
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