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This Stock-Market Rally Isn't What It Seems -- Heard on the Street
To anybody listening to Wall Street analysts, it might sound like all the market volatility of the past couple of months has had to do with small changes in the economy and the Federal Reserve's potential response.
Fed Depends on Troubled Data. That's a Problem
The Bureau of Labor Statistics has revised payrolls downward by 124,000 jobs so far this year. The revisions reduced January's initially reported gain of 353,000 -- a shockingly outsize number -- and brought the average monthly pace of job growth down to a more reasonable 256,000 level through April.
Stocks Lift Off, but Earnings Could Bring Them Back to Earth
Things on Wall Street and Main Street seem to be moving in opposite directions. The S&P 500 index has returned to within 1% of its record high, while the University of Michigan's latest reading of consumers' attitudes about the economy took a tumble to a six-month low. So, in this tale of two tallies, is it the best or worst of times?
Market Closes Mixed After Consumer Sentiment Fell In May | Market Story
Shortly after 10 AM EST, the $S&P 500 Index(.SPX.US)$ climbed 0.24%, the $Dow Jones Industrial Average(.DJI.US)$ climbed 0.37%, and the $Nasdaq Composite Index(.IXIC.US)$ climbed 0.13%.Friday, May Pre
Jim Simons, Considered One of the World's Greatest Investors, Dead at 86
Billionaire investor Jim Simons, a mathematician who founded one of the most profitable investment firms of all time and pioneered the field of quantitative investing, has died at the age of 86.
Biden to Quadruple Tariffs on Chinese EVs
By Andrew Duehren and Andrew Restuccia WASHINGTON -- The Biden administration is preparing to raise tariffs on clean-energy goods from China in the coming days, with the levy on Chinese electric vehic