Investing
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Here’s the main driver of the S&P 500’s bull-market rally, according to Fundstrat’s Tom Lee
The S&P 500 index exited a bear market on Thursday, while a closely watched gauge of stock-market volatility dropped to a more-than-three-year low. Those two things are related, says Fundstrat Global Advisors founder Tom Lee. The Cboe Volatility Index VIX, +8.53%, an options-derived measure of expected volatility in the S&P 500 over the coming 30…
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The Fed’s crystal ball on inflation appears off the mark again. Here comes another fix.
The U.S. economy hasn’t slowed all that much. High inflation has proven to be quite sticky. And the rip-roaring labor market is still producing lots of new jobs. No matter. The Federal Reserve is poised to make no change in a key U.S. interest rate next week after raising it in 10 straight meetings since…
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How a hawkish Fed could kill a baby bull-market rally in U.S. stocks
It is the notion that the Federal Reserve could deliver a hawkish jolt to markets even if it refrains from raising rates when its two-day policy meeting ends on Wednesday. There are concerns that such an outcome could spark a turnaround in U.S. stocks, especially if an uncomfortably strong reading on May inflation — due…
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Billionaire George Soros hands control of financial empire to his son, Alex
Billionaire investor and philanthropist George Soros is handing over control of his $25 billion financial empire to his son, 37-year-old Alex Soros. The Wall Street Journal first reported the news Sunday, which was confirmed by a spokesperson for Soros’ Open Society Foundations. In an interview with the Journal, Alex Soros said he shares his father’s liberal…
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When air quality declines, low-income people and communities of color suffer the most
Millions of people in the eastern U.S. have been dealing with unhealthy air quality this past week owing to Canadian wildfires — but homeless and low-income people, outdoor workers, and people with preexisting health problems have been particularly vulnerable. A smoky sepia haze blanketed New York City Wednesday as officials warned residents to don masks outdoors.…
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As the Equal Pay Act turns 60, ‘an uneven playing field’ remains. Here’s where pay equity stands.
A female manager who was paid less than a male worker she supervised. Female managers fired for complaining about not being paid the same as their male counterparts for performing the same duties. Female professors who weren’t paid as much as male professors. African-American women discriminated against in pay and promotions. Those are among the…
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How to Become an Alpha Trader ?
  When the market opened this morning… Did you have a plan for what the market was going to bring? Did you start your week off: Just like I do every week, I took a long hard look at the market… consulted my tools… And I sent out an alert with my #1 high-conviction trade…
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P.F. Chang’s 34-year-old CEO on what he learned from billionaire John Paulson
Damola Adamolekun is far from your typical CEO. As head of the Asian fusion restaurant chain P.F. Chang’s, the 34-year-old Adamolekun is one of the youngest chief executives in the corporate world. He’s also one of a small number of Black CEOs in the country. The son of a neurologist and pharmacist, Adamolekun was born…
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‘I worry about outliving my money’: I’m a 65-year-old widow in good health. Should I wait until 70 to collect my pension?
I am a 65-year-old widow in good health, and just started collecting my late husband’s Social Security benefit of $4,000 per month. When I turn 70, I will switch to my benefit since it appears it will be around $100 higher every month at that time. My current expenses are running high at about $10,000…
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We are a diverse couple looking for the stars and good libraries in Florida. Where should we retire?
We are a multiethnic couple with cats who live in Miami but we would like to move farther north in Florida for at least part of the year, (sort of reverse snowbirds!). We have a few weird preferences in that my husband is an astronomer and therefore we would like to be near an observatory,…