What They Don’t Tell Wall Street Interns

I write and publish a financial newsletter. Over the past two years, no less than three of my subscribers — all current or former finance industry workers — have taken their own lives. Each time, I was profoundly affected, because I nearly took my own life almost 20 years ago while working as a young trader at Lehman Brothers Holdings Inc. I know what that level of despair feels like.

All jobs have stress of some degree, but the stress associated with the finance industry is unique and very complex. At the top is performance anxiety. You either make money

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Wall Street Faces All the Same Reflation Doubts After CPI Beat

After weeks of drift and doubt, Wall Street was looking for a decisive signal on price growth to help put the reflation trade back on track. Instead it got another mixed message.

Prices paid by U.S. consumers rose in May at the fastest pace since 2008, yet the details of data released Thursday supported the Federal Reserve’s view that the jump will prove transitory.

As investors digested the numbers, an initial increase in Treasury yields lasted little more than an hour, and by lunch they were extending recent declines. Tech stocks led the equity advance, with the Nasdaq 100 outperforming

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Wall Street stocks shrug off leap in inflation and hit fresh high

Stocks on Wall Street hit a high and core government debt was steady as investors brushed aside the biggest jump in US inflation since the financial crisis.

The yield on the 10-year Treasury edged down 0.05 percentage points to 1.44 per cent after the labour department reported that headline consumer price inflation accelerated 5 per cent in the 12 months to May — the largest year-on-year leap since 2008 and above the 4.7 per cent pace expected by economists polled by Bloomberg.

Equity investors took the news in their stride, helping send the blue-chip S&P 500 index up 0.5 per

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Australian shares hit another record high, Wall Street ‘meme stock’ AMC surges 96pc

Australian shares have climbed to a record high for the second day in a row — amid optimism over the nation’s economic recovery and expectations that stimulus and low interest rates will persist for years.

The ASX 200 posted a record closing high of 7,260 points, after rising 0.6 per cent, thanks to surging oil and gas stocks.


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$AMC Stock: Reddit, Twitter Day Traders Bet They Can Outsmart Wall Street Pros

One works in the hedge fund industry in New York, the other in IT recruitment in Dallas.

But in this season of meme stock mania — when fortunes can be made or lost with the next post on Reddit or Twitter or chats on Discord — the faraway worlds of Jason Mudrick and Drew Entler have collided in spectacular fashion.

And, for the moment, the IT guy may just be ahead. 

The point of contact: AMC Entertainment Holdings Inc., a darling of the Reddit day trader horde that has rallied almost 3,000 % this year. Just on Wednesday, the company’s

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Asian Shares Track Tech, Energy-Led Gains on Wall Street | Business News


BANGKOK (AP) — Shares advanced in Asia on Thursday after a day of modest gains on Wall Street, led by buying of energy and technology stocks. Oil prices also rose.

Benchmarks rose in Tokyo, Shanghai and Seoul but fell in Hong Kong.

In a quiet news week, investors are watching for a U.S. Labor Department report on Friday that economists forecast will show employers added more than 650,000 jobs last month. It is expected to yield fresh clues about the Federal Reserve’s next interest rate policy moves later this month, when the central bank

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Obama Was Always in Wall Street’s Corner

Former president Barack Obama wants you to now believe that he was actually mad about giant Wall Street handouts that he voted for, then arm-twisted lawmakers to expand — and then rescinded when some of the money might have gone to help homeowners. Obama’s foray into pure fiction is not only absurd — it is a reminder that history can repeat itself if we allow reality to be memory-holed.

Obama’s comments came in a new interview with the New York Times’ Ezra Klein.

“When we came into office, the economy was in a free fall,” the former president

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Wall Street edges up, led by financials, energy

A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo

Wall Street’s main indexes edged higher on Tuesday, with gains in energy and financial shares countering declines in tech and healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.

The S&P 500 financial sector (.SPSY) hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector (.SPNY) over 3%. The heavyweight tech sector (.SPLRCT) dipped while healthcare (.SPXHC) was dragged

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Wall Street rises ahead of key economic data this week; AMC soars

The latest leg of a surge in so-called “meme stocks” stood out on Wall Street on Wednesday, with the main stock indexes rising slightly ahead of closely watched economic data this week.

The technology sector rose 0.8%, providing the biggest boost to the benchmark S&P 500, while communication services and materials eased.

A weekly unemployment report and May private payrolls data on Thursday will be followed by monthly jobs numbers on Friday.

Investors are closely tracking the labor market’s recovery after an unexpected slowdown in jobs growth in April fanned inflation worries.

The benchmark S&P 500 has recovered most of

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Stock futures are flat after muted Wall Street session

Traders at the New York Stock Exchange, June 2, 2021.

Source: NYSE

U.S. stock futures were flat early Thursday morning, following a quiet day of trading on Wednesday.

Futures for the Dow Jones Industrial Average were unchanged. S&P 500 and Nasdaq 100 futures both gained marginally.

During the regular session, the 30-stock Dow rose just 25.07 points to close at 34,600.38. Similarly, the S&P 500 and the Nasdaq Composite ended the day up 0.14%.

“It’s unclear if this week’s flat S&P 500 Index is a continuation of the holiday week relaxation, May’s malaise seeping into June, or just part of

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