Athlete | Empire: Alex Rodriguez
One of the most successful, and controversial, athletes of his generation, Alex Rodriguez quietly built a real estate empire over two decades. Now, five years after retiring from baseball, he's accelerating his transformation from former athlete to investor and owner -- with an eye on his legacy, and maybe a dose of redemption.
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Federal Reserve policy makers put markets on notice in their last meeting minutes. Runups in risky assets were a concern, fueling an “unwarranted easing in financial conditions” that bedeviled their efforts to cool inflation.
In the eight days since, they’ve watched the rallying S&P 500 Index create more than $1 trillion in fresh investor wealth. Gains picked up speed this week with the gauge climbing in four of the five sessions, leaving it up more than 4% for the year.
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