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The Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a criminal investigation into its chair, Jerome H. Powell.
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FBI searches Atlanta election office, chasing Trump 2020 vote fraud claims ReutersTrump Live Updates: Rubio Testifies on Venezuela, President Threatens Iran The New York TimesFBI searches Fulton County elections office as it investigates alleged voter fraud CNNFBI executes search warrant at election office in Fulton county, Georgia The GuardianFBI executing 'court authorized law enfor
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Live updates: CNN hosts town hall with Minneapolis community leaders, including Mayor Frey CNNTakeaways from CNN's Minnesota town hall CNNFrey, other local leaders to appear in CNN town hall with Anderson Cooper, Sara Sidner kare11.comCNN To Host Town Hall On Minneapolis "State Of Emergency" DeadlineVideo reveals physical clash between Alex Pretti and federal ag
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Google confirms ‘Take a Message' microphone bug, disabling on old Pixel phones 9to5GoogleHow to Stop This New Pixel Bug From Leaking Your Audio to Incoming Callers LifehackerStrange Pixel bug allows callers to overhear conversations not meant to be heard PhoneArenaThe Eavesdropping Effect: How a Voicemail Bug on Google's Pixel Phones Is Broadcasting Private Conversations WebProNewsGoogle confirms the Pixel 4 and 5 are leaking audio to callers Android Police
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All Amazon Fresh and Amazon Go locations are closing, including the two located in Naperville, Amazon announced Tuesday.
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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AMONG conservative Americans, a school of conventional wisdom holds that Christianity in Europe is rapidly heading for extinction, as the historic faith is supplanted by secularism, Islam or just a lazy-minded lack of concern for all things metaphysical. Yet a new survey by Pew Research, a polling organisation based in Washington, DC, suggests that Christianity still matters to a plurality of west Europeans, as a marker of identity and a shaper of attitudes, even if active churchgoers and committed believers are a small minority.
After an investigation including 24,000 telephone interviews in a total of 15 countries, Pew concluded that:
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