Jobs Blowout Revives Rate-Hike Bets, but Record Earnings Cushion the Blow: This Week on Wall Street
August payrolls came in at 162,000, nearly triple consensus, pushing September rate-hike odds to 60%. Stocks rose anyway, backed by record earnings.
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Market-Moving News for August 31st
EIX: -10% | Edison International shares are trading lower following a report suggesting that California lawmakers have blocked Gov. Gavin Newsom from pursuing his plan to prevent insurance companies in California from
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