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Wall Street Humbled as Fast-Reversing Markets Confound the Pros

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With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.

Texas Natural Gas Prices Plummet After Pipeline FireCarlyle Group Said is Mulling Options for Tamko, Including SaleMexico’s BBB Foods Rises by Most Since IPO After First ReportParamount Board Weighs Removing CEO Amid Sale Talks, WSJ saysHarvard, Columbia Say No to Students Demanding Israel DivestmentMarkets today: 'AI craze' powers best week in 2024 for stocksTreasury Yields Fall After PCE Inflation Data Meet ExpectationsBuffett’s Property Brokerage Reaches Settlement in Realtor...

6% pace, reflecting an economy pressured by high ratesWhat is changing about Canada's capital gains tax and how does it impact me?Poll suggests half of Canadians have negative opinion of latest Liberal budgetMark Wiseman: Canadians 'got to start talking about' lagging productivityTourism operators face heavy debt, even as business roars backPerceived job security in Canada falls to lowest since COVID-19Ottawa puts up $50M in federal budget to hedge against job-stealing AIAs...

 

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