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Americans are feeling better about their financial situation of the university of Michigan's consumer sentiment index rose this month to the highest level since October 2007.
The reading of 79 point three was better than economist expected.
The sentiment -- covers how consumers view their personal finances.
As well as business and buying conditions economists and investors track the index to get a feel for the direction of consumer spending.
The botched FaceBook IPO has burned some big players in the stock market along with individual investors firms such as Knight capital that -- buy and sell orders to exchanges have emerged as some of the biggest losers.
Night is demanded tens of millions of dollars in compensation from the NASDAQ which suffered numerous trading -- in Facebook's trading debut last Friday.
These market makers want to cash in case they have to adjust trades that were held up or erroneously filed during the tumultuous trading a FaceBook shares.
Competition for helping us spend our money is heating up PayPal is expanding its presence in brick and mortar shops.
The payment service operator has made deals with fifteen retailers including Barnes & Noble JC Penney and Toys -- Us.
Earlier this year Home Depot began accepting PayPal and some 2000 stores.
PayPal can provide retailers with more information about consumers and cut some cost related to credit card payments.
Shares of women's retailer Talbots are on deep discount today.
The company said it's exploring other offers after sycamore partners said it will not -- Talbots after all.
The retailer said it remains open to pursuing a deal with sycamore but the investors and it's not prepared to quote executed transaction at this time.
For the latest stories log onto foxbusiness.com.
In New York I'm Robert Gray Fox Business.
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