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Wall Street suddenly appears confident America will avoid a recession

Cyclical stocks that tend to rise and fall with the economy are rallying, the latest sign that investors are becoming more optimistic about the possibility of a “soft landing,” i.e. no recession. ....

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Wall Street skids to two-month low as FedEx warning stokes slowdown fears

Rivals UPS and XPO Logistics slid 4.4% and 6.8%, respectively, while Amazon slipped 2.9% ....

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Opinion: Our republic is mired in unfixable problems


John Hazlehurst
By the time this column appears in print, we’ll be five days from Joe Biden’s inauguration — unless swarms of right-wing anarchists have seized the U.S. Capitol, imprisoned every Democrat in sight and declared Donald Trump the Supreme Ruler of all lands, rivers, lakes and oceans from Panama to the North Pole.
That’d certainly be an interesting development, but I expect that we’ll lurch clumsily ahead toward the future. Whether impeached, censured or somewhat silenced, Don will always be around. He’ll retain millions of devoted followers, whose meager wallets he can tap in various ways. His best and easiest bet might be via a subscription emailed newsletter (imagine Substack on steroids) priced at five or ten bucks a month. He could get 5 million subscribers without breaking a sweat — do the arithmetic! If Dems actually manage to impeach and convict him, they’ll cut off his $200K annual pension and other ex-president b ....

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