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Wall Street falls in love with Snapchat, investors doubt Bernanke, and more

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1. INVESTORS DOUBT BERNANKE'S WORD

Despite Fed Chairman Ben Bernanke's repeated claims that he has no plans to end quantitative easing, the yield on the 10-year treasury note has risen to 2.19 percent from 1.63, a 14-month high, as investors worry the Fed will taper its bond-buying. In May, Bernanke said policymakers are waiting for "increased confidence that the labor market is improving and that the improvement is sustainable" before cutting back on stimulus. Bernanke is expected to address the topic again at a press conference on June 19, after the Federal Open Market Committee releases a policy statement. [Bloomberg]

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.