Stocks Reach Record Highs After China’s Moves, Fed: Markets Wrap

Gains for chipmakers and banks led the S&P 500 Index and Nasdaq Composite toward records after Bloomberg News reported that China’s latest moves to aid growth include possible bailouts for hard-hit industries. The dollar climbed to a four-month high after data on housing starts and building permits exceeded analysts’ estimates. Treasuries held steady after minutes showed Federal Reserve officials viewed monetary policy as appropriate “for a time.”

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Does Knowing Whom Others Might Vote For Change Whom You’ll Vote For?

When a presidential race that was supposed to be won by a mainstream moderate instead ends being captured by a far-right gadfly, you better believe pollsters are gonna get some scrutiny. But when this situation took place in the first round of French elections in 2002, bumping the incumbent prime minister from the final round, it wasn’t just the failure of prediction that led to a polling protest. Instead, people were concerned that opinion polling, itself, had caused the outcome.

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China cuts benchmark lending rate to prop-up virus-hit economy

The one-year loan prime rate (LPR) was lowered by 10 basis points to 4.05% from 4.15% at the previous monthly fixing.

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Media Bubbles Aren’t The Biggest Reason We’re Partisans

Maybe you call it a bubble. Maybe you call it a silo. Maybe you just call it an echo chamber. But whatever metaphorical, narrow and enclosed space you prefer, there’s a good chance you’ve been told that one of the great social problems of our time is Americans getting their political news from biased sources. Conservatives watch Fox News. Liberals watch MSNBC. The news tells us what we already believe and distorts reality around partisan talking points.

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Where Blue-Collar America Is Strongest

President Trump seems ready to declare victory in his effort to make America great again; last month, he said the slogan for his 2020 re-election campaign will be “Keep America Great.” But how much has really changed, particularly for the “everyday, working Americans” whom Trump said were the “backbone and heartbeat of our country” — and whose votes helped him secure the presidency?

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Everyone Tries To Dodge The Tax Man, And It Keeps Getting Easier

Al Capone was busted for tax evasion. Leona Helmsley was, too. But gangsters and entitled millionaires aren’t the only ones who hold something back from the tax man. Each year, Americans of all stripes underpay the IRS by hundreds of billions, aided by the fact that the agency lacks the resources to catch all the cheaters.

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Election Update: The First Polls Since New Hampshire Show No Big Bounces

Three days after the New Hampshire primary, we are finally getting some polls that reflect the new state of the race — including a poll in Nevada, the next state in the voting sequence, for the first time in a full month! And overall, they’re not showing that any candidate has grabbed a ton of momentum out of Iowa or New Hampshire. That’s probably good news for former Vice President Joe Biden, whose firewall in Southern states appears weakened but still standing. But mostly it’s a recipe for a long, drawn-out nominating contest. In fact, our national primary forecast currently says that the single most likely outcome of the primary season is that no candidate gets a majority of pledged delegates.

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Twin Peaks For Gold And Palladium: Which Will Last Longer?

Gold and Palladium, the world’s two most valuable metals, are both charting peaks for 2020. In palladium’s case, it’s a resumption of the record highs seen a month back. Analysts are divided on what to make of the rallies and how much steam they’ll have.

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