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The Latest Breaking News from University of Michigan

Americans making more than $100,000 are quickly losing faith in the economy—and it's a red flag for the white-collar job market

The country’s highest earners are getting in on the pessimism.

Fortune

S&P 500 Rallies to a New Record High on US Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.65%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.02%. March E-mini S&P futures (ESH26 ) rose +0.61%, and March E-mini Nasdaq futures...

Barchart

Dollar Climbs as Fed Rate Cut Expectations Recede

The dollar index (DXY00 ) rallied to a 1-month high on Friday and finished up by +0.20%. The dollar found support from Friday’s mixed US payroll report, which showed payrolls rose less than expected but the unemployment rate ticked down and average hourly earnings rose more than expected, hawkish factors...

Barchart

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World’s smallest autonomous robots are 'smaller than a grain of salt,' cost one penny apiece — researchers expect new micron-scale fully-programmable robots to be used in medicine, microscale manufacturing, and other areas

Fully programmable, autonomous robots 'smaller than a grain of salt' have been developed by research teams from the University of Pennsylvania and the University of Michigan.

Tom’s Hardware

Stocks Rally as Strength in Tech Boosts Market Sentiment

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.88%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +1.31%. March E-mini S&P futures (ESH26 ) rose +0.87%, and March...

Barchart

Dollar Moves Higher on Yen Weakness and Fed Comments

The dollar index (DXY00 ) climbed to a 1-week high on Friday and finished up by +0.19%. The dollar rose on Friday amid yen weakness. Also, upbeat comments on Friday from New York Fed President John Williams supported the dollar, as he said some of the data we're seeing is...

Barchart

Stocks Climb as Tech Shares Rally

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.94%. March E-mini S&P futures (ESH26 ) are up +0.62%, and March...

Barchart

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Dollar Gains on Yen Weakness and Upbeat Fed Comments

The dollar index (DXY00 ) climbed to a 1-week high today and is up by +0.18%. The dollar is moving higher today due to weakness in the yen. Also, upbeat comments today from New York Fed President John Williams supported the dollar, as he said some of the data we're...

Barchart

University of Michigan Official Statement On Sherrone Moore Charges: Campus Says It Fired Him 'With Cause' After Internal Investigation

University of Michigan says it fired coach Sherrone Moore with cause after an internal probe, as criminal charges followed and legal proceedings now continue.

International Business Times UK

DoorDash driver allegedly at center of major college football scandal in Michigan

Here's what's known about the viral DoorDash story.

We Got This Covered

Fired Michigan football coach Sherrone Moore ‘terrorized’ his ex after losing job as he’s charged with home invasion, court hears

The ex-head coach for the Michigan Wolverines was fired from his job over claims of an ‘inappropriate relationship’ with a member of staff

The Independent UK

Michigan coach remains jailed following arrest hours after firing for ‘inappropriate relationship with a staffer’

The former head coach for the Wolverines has a wife and three daughters

The Independent UK

Stocks Finish Higher as Price Pressures Ease

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.43%. December E-mini S&P futures (ESZ25 ) rose +0.19%, and December...

Barchart

Dollar Recovers Early Losses as Bond Yields Rise

The dollar index (DXY00 ) on Friday rose by +0.02%. The dollar recovered from early losses on Friday and finished little changed. Friday's rally in stocks reduced liquidity demand for the dollar. The dollar was also under pressure amid expectations that the Fed will cut interest rates at next week's...

Barchart

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Barchart

Stocks Rally on Benign Inflation News

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.48%. December E-mini S&P futures (ESZ25 ) are up +0.30%, and December...

Barchart

Dollar Weakens on Improved Fed Rate Cut Prospects

The dollar index (DXY00 ) today is down by -0.08%. The dollar is slightly lower today and is holding just above Thursday's 5-week low. Today's strength in stocks has reduced liquidity demand for the dollar. The dollar is also under pressure amid expectations that the Fed will cut interest rates...

Barchart

Stocks Rally as Chip Makers Rebound

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.98%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +1.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.77%. December E-mini S&P futures (ESZ25 ) rose +1.00%, and December...

Barchart

Dollar Posts Modest Gains as US Consumer Sentiment Revised Higher

The dollar index (DXY00 ) on Friday posted a 5.5-month high but gave up most of its advance and finished up +0.03%. The dollar found support on Friday's hawkish comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan, who said they favored keeping interest rates steady....

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Benzinga

Nasdaq Gains Over 100 Points; US Consumer Sentiment Rises In November

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 500 points on Friday.

Barchart

Stocks Extend Rebound Rally on Dovish Williams Remarks

The S&P 500 Index ($SPX ) (SPY ) today is up by +1.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +1.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +1.14%. December E-mini S&P futures (ESZ25 ) are up +1.23%, and December...

Barchart

Dollar Slightly Higher as US Consumer Sentiment is Revised Upward

The dollar index (DXY00 ) today rose to a new 5.5-month high and is up by +0.04%. The dollar has support from this week's plunge in equity markets, which has boosted liquidity demand for the dollar. Also, hawkish Fed comments today from Boston Fed President Susan Collins and Dallas Fed...

The Independent UK

Big Ten denies Michigan regent's claim of coercion over $2.4 billion investment plan

The Big Ten Conference has denied claims by a University of Michigan regent that Commissioner Tony Petitti threatened the school over a $2.4 billion investment plan

Fortune

Top analyst sees 'genuine cracks for mid- to lower-end consumers' as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow."

Fortune

Consumer sentiment is sinking across the board — except for Americans with the most stocks

"One key exception: consumers with the largest tercile of stock holdings posted a notable 11% increase in sentiment, supported by continued strength in stock markets."

Barchart

Stocks Recover on Government Reopening Hopes

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.28%. December E-mini S&P futures (ESZ25 ) rose +0.14%, and December E-mini Nasdaq futures...

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