NewsWatch: ‘You should be nervous!’—legendary money manager slashes stock market exposure from 55% to 25%

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MARKETWATCH FRONT PAGE

Stocks are expensive and the economy is terrible See full story.

Republicans and Democrats agree: America is out of control

We can’t seem to agree on much of anything these days, but a new has apparently found some common ground: See full story.

Anxiety overtakes excitement as New York City prepares to reopen on Monday

The next hurdle will be making sure the city can keep the spread of the disease under control as more activity resumes. See full story.

Fed will be encouraged by the May job-market surprise but unlikely to rip up its low-rates-for-longer script

The Federal Reserve will be pleased with the surprising gain in job growth in May, but it’s not enough to get them to rip up the script of low rates for longer, economists said. See full story.

Companies are speaking out against racial injustice after the killing of George Floyd, but they have to back it up with action

Many companies have made statements in support of racial equality, but experts and activists say they must also take action in their communities. See full story.

MARKETWATCH PERSONAL FINANCE

Also, a great deal from the IRS, and an in-depth look at Tesla’s battle to reopen its Fremont, Calif. factory. See full story.

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