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Fed officials expect smaller rate hikes to come 'soon'

Fed officials expect smaller rate hikes to come ‘soon’

Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements that several officials have made over the past few weeks, the summary of the meeting pointed to small rate hikes ahead. …

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Stock futures were little changed as investors eagerly await Fed meeting minutes

Stock futures were little changed as investors eagerly await Fed meeting minutes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on December 9, 2021. Brendan McDermid | Reuters U.S. stock futures were little changed on Tuesday night as investors eagerly awaited the minutes of the Federal Reserve meeting for clues on the pace of future interest rate hikes. Dow …

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Asia-Pacific markets are trading lower;  China keeps LPR stable

Asia-Pacific markets are trading lower; China keeps LPR stable

Oil prices fall as China faces Covid concerns, Goldman Sachs cuts forecast Oil prices fell nearly a dollar as China’s Covid concerns grew, with the country seeing the first virus-related deaths recorded since May this year. Brent futures lost less than a dollar, or 0.9%, to settle at $86.83 a barrel and United States West …

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S&P 500 futures fall slightly ahead of retail earnings ahead of Thanksgiving holiday

S&P 500 futures fall slightly ahead of retail earnings ahead of Thanksgiving holiday

Traders on the floor of the NYSE, October 21, 2022. Source: NYSE S&P 500 futures fell slightly on Sunday night ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday. Broad stock index futures were down 0.1%. Dow Jones Industrial Average futures were 38 points lower, or 0.1%. …

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The S&P 500 closes higher on Friday, but ends the week with losses

The S&P 500 closes higher on Friday, but ends the week with losses

Major averages rose on Friday afternoon to end the day on a bullish note as investors assessed harsher language from Federal Reserve speakers and pored over the latest earnings reports. The Dow Jones Industrial Average rose 199.37 points, or 0.59%, to 33,745.69, while the S&P 500 climbed 0.48% to 3,965.34. The Nasdaq Composite ended just …

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Meituan, Tencent, APEC leaders meet, trade in Japan, unemployment in Australia

Meituan, Tencent, APEC leaders meet, trade in Japan, unemployment in Australia

NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …

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Hong Kong shares jump 2% in mixed Asian session, Softbank shares fall 11%

Hong Kong shares jump 2% in mixed Asian session, Softbank shares fall 11%

CNBC Pro: UBS says disinflation is on its way — and shares 8 global stocks to play it Swiss bank UBS has predicted “strong” disinflation in 2023. He said weak growth coupled with ‘mechanical’ indicators, such as easing supply chain bottlenecks and rising commodity inventories, would lead to lower prices next year. . The investment …

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FTX Users Can Cash Out Failed Crypto Exchange Through Bahamian Loophole

FTX Users Can Cash Out Failed Crypto Exchange Through Bahamian Loophole

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users seem to have found a way to withdraw money from the exchange through a backdoor in the Bahamas. Analysis by data firm Argus revealed unusual …

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The week in review, the week ahead for November 11: Inflation, rally

The week in review, the week ahead for November 11: Inflation, rally

Markets closed higher for the week after a stellar rally on Thursday that saw big tech stocks soar amid weaker-than-expected consumer price index (CPI) data for October. The S&P 500 closed more than 5% higher for the week, its best week since June. Bond yields and the U.S. dollar fell as investors hoped CPI news …

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