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Friday's rally in U.S. stocks, which sent the S&P 500 to an intraday record high, was getting help from solidifying expectations of traders around the likelihood of at least three quarter-point rate cuts from the Federal Reserve by year-end.
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A pact could end months of uncertainty about tariffs, but questions still remain. Here's what it means for business owners.
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The cost of living rose slowly in May for the third month in a row, but the rate of inflation is probably still too high for the Federal Reserve to cut interest rates soon against the backdrop of ongoing trade wars.
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President Donald Trump said Thursday that a deal had been signed "yesterday" with China, but offered no details.
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Sector correlations are way above average as traders await clarification on a number of issues
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Both the S&P 500 index and the Nasdaq appear headed to close out the week at record highs Friday, as investors shrugged off trade tensions and recent fighting in the Middle East.
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Global shares were mostly higher on Friday as the week was winding down with the Israel-Iran ceasefire still in place and signs of progress on a China-U.S. trade deal.
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Nike Inc. on Thursday reported fourth-quarter results that weren't as bad as Wall Street expected, but the financials weren't doing much for the sneaker maker's stock in after-hours trade.
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Traders have moved on a report that President Trump is again weighing a shake-up at the central bank that could undermine market confidence.
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