Media mogul Sumner Redstone’s trust puts the decision on whether he is able to manage its assets in the hands of three doctors who could review the 92-year-old only after a vote by five of his associates and relatives.
The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases.
Mining stocks, the market’s punching bag of 2015, are the darlings of 2016—so far. The question for investors however, is whether the rally is what traders call a “bull trap”—a brief bounce before another dive into the red.
Wall Street is increasingly skeptical about the pace of Federal Reserve interest-rate increases this year, the latest blow to the central bank’s yearslong efforts to unwind its easy-money policies and return the economy to a normal footing.