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Major U.S. stock indexes fell sharply Tuesday afternoon, continuing a sharp rout on Wall Street for the week. The Dow Jones Industrial Average was off about 430 points, or 1.3%, at 33,516, after touching a session low of 33,418.59, according to FactSet. The S&P 500 index was down 1.7% and the Nasdaq Composite Index was 2.1% lower. At the session lows, both the S&P 500 and Dow were headed for their worst 2-day decline in about two months, according to Dow Jones Market Data. Investors have grown jittery about a roaring labor market that could thwart the Federal Reserve's attempt to start raising its policy rate in smaller increments. Inflation has proven hard to ease after it hit a 40-year high earlier this year, even through the Fed's policy rate already in November climbed to its highest level in 15 years.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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These are the stocks posting the largest moves in midday trading.
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Georgia Senate runoff updates: 2M already voted; polls close 7 pm ET USA TODAYHerschel Walker says he has 'no regrets,' also predicts UGA-Ohio State score | Georgia Senate Runoff 11AlivePHOTOS: Live from the runoff at Park Tavern in Midtown Atlanta The Atlanta Journal ConstitutionHow Georgia's runoff election law could trip up Herschel Walker MSNBCOpinion | Everything Democrats Could Do if Warnock Wins The New York Times
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President Xi Jinping's insistence on adhering to a so-called Covid Zero policy isolated China as other countries that suffered far-worse outbreaks returned to a semblance of pre-pandemic life. But three years after the first documented case, the country has given a series of signals that suggest it's ready to loosen the stringent regime, which has undoubtedly saved lives but also weighed heavily on the economy and fueled protests in several major cities. While the central leadership has remained
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US Capitol riot committee to make criminal referrals, chairman says BBCHouse January 6 committee has decided to make criminal referrals, chairman says CNNHouse Jan. 6 Committee to Issue Criminal Referrals, Chairman Says The New York TimesThompson Says Jan. 6 Committee Has Made Decision On Criminal Referrals MSNBCHouse January 6 panel to issue criminal referrals to DoJ as tensions heighten The Guardian US
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Faulty recordkeeping and failure to rescind police reports led to more than 360 false accusations by the rental car company, resulting in arrests, felony charges and jail time for some customers.
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House January 6 committee has decided to make criminal referrals, chairman says CNNThompson Says Jan. 6 Committee Has Made Decision On Criminal Referrals MSNBCHouse Jan. 6 Committee to Issue Criminal Referrals, Chairman Says The New York TimesJan. 6 committee chair expects panel to issue criminal referrals to DOJ NBC NewsJanuary 6 committee nears criminal referrals to Department of Justice Axios
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The convictions come weeks after former President Donald Trump, declared his candidacy for the White House in the 2024 election.
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The layoffs and cost-cutting that Intel Corp. executives recently warned about have begun in California, with a couple of hundred employees set to lose their jobs next month, and manufacturing employees worldwide being offered unpaid leave.
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World Cup 2022 stats: Cristiano Ronaldo replacement Goncalo Ramos bags tournament's 1st hat trick for Portugal CBS SportsRonaldo not named to start in Portugal's loss to Switzerland ESPNPortugal vs. Switzerland Live World Cup Match: Score and Updates The New York Times
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U.S. stocks losses deepen in Tuesday afternoon trading following a rough start to the week.
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Oil tallies a third consecutive loss on Tuesday, as worries about more aggressive monetary tightening by the Federal Reserve rippled across markets.
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More than half of the calories consumed by Americans come from this high-risk food group, which is associated with cognitive decline, cancer and heart disease
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Ronaldo benched for World Cup match against Switzerland The Associated Press - en EspañolWorld Cup 2022: Portugal benches Ronaldo for Switzerland match Yahoo SportsRonaldo blasted by Portugal coach for substitution reaction ESPNPortugal vs. Switzerland Live World Cup Match: Score and Updates The New York Times
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Eating 400 calories a day from these foods could raise dementia risk by over 20% MarketWatchUltra-processed foods linked to cognitive decline, dementia: study New York Post Ultraprocessed Foods Tied to Faster Rate of Cognitive Decline MedscapeEating Lots of 'Ultra-Processed' Foods Could Harm Your Brain U.S. News & World Report
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The U.S. Energy Information Administration lowered its 2022 and 2023 forecasts for U.S. and global benchmark oil prices, according to a monthly report released Tuesday. The EIA said this year's Brent crude is expected to average $101.48, down 0.6% from the November forecast. West Texas Intermediate crude prices are expected to average $95.22 a barrel this year, down 0.7% from the previous forecast. The EIA also cut its WTI and Brent oil forecasts for 2023 by more than 3% each to $86.36 for WTI and $92.36 for Brent. In Tuesday dealings, oil prices continued to trade sharply lower. January WTI crude CLF23 was down $2.28, or 3%, to $74.65 a barrel on the New York Mercantile Exchange. February Brent crude BRNG23 fell $2.57, or 3.1%, to $80.11 a barrel on ICE Futures Europe.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.
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Treasury yields fall on Tuesday as the likelihood of further rate hikes by the Federal Reserve collides with fears of a U.S. slowdown.
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At the Wall Street Journal's CEO Council Summit, David Solomon said he sees some job cuts ahead for the bank, along with inflation and geopolitical risk in 2023.
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A recent CDC report notes that people over the age of 80 are less likely to receive Paxlovid than those under 65. A significant issue when those over 65 and especially those over 80 are making up a significant proportion of Covid-19 related deaths.
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Morgan Stanley is following rival Goldman Sachs in reinstating a Wall Street ritual that had been put on hold during the pandemic: the annual cull.
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EU privacy officials ruled Facebook's parent company should not require users to agree to personalized ads based on their online activity, according to a report in the Wall Street Journal.
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North Carolina power outage points to Homeland Security long-documented threats to US power grid Fox BusinessNorth Carolina county declares state of emergency after "deliberate" attack causes widespread power outage CBS NewsBig questions remain in wake of North Carolina power grid attack CNNAttack on North Carolina substation spotlights electric grid's vulnerability — again
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Here's what America's top CEOs are saying about a possible recession in 2023 CNBCCEOs are very cautious but hopeful of a soft landing, says Business Roundtable's Josh Bolten CNBC TelevisionCEO economic outlook tumbles to two-year low CNNThe Fed may wreck one of the greatest booms in history of Main Street America CNBCBusinesses and emplo
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Labor-force participation fell for the third month in a row in November, as13% of U.S. workers say they will continue social distancing, and another 45% say they will do so in limited ways.
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All Facebook and Instagram users are created equally, but some are more equal than others. The Meta Oversight Board issued its recommendations Tuesday on the company's controversial cross-check program, and Meta vice president of global affairs Nick Clegg said in an updated Newsroom post that a response would come within 90 days. The Meta Oversight...
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 HBO Max is once again available on Prime Video Channels in the U.S., but Prime customers will still need to pay $14.99 per month for the subscription.
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Dow Jones Falls 150 Points After Stock Market Sell-Off; Tesla Stock Continues To Skid Investor's Business DailyStock market news live updates: Stocks fall after Monday's market rout Yahoo FinanceStocks slide as data spooks investors about rate hikes ReutersStocks slide as strong data suggests Fed has more to do WISH TV Indianapolis, INS&P 500 Down 2%; Nasdaq Drops 250 Points - China Pharma Holding (AMEX:CPHI), EHang Holdings (NASDAQ:EH) Benzinga
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The streaming service will be available on Amazon Prime Video Channels as its parent looks to increase revenue.
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The incredibly complex, high-stakes business of making semiconductors has always been a battle of corporate giants. Now it's also a race among governments. These critical bits of technology — also known as integrated circuits or, more commonly, just chips — may be the tiniest yet most exacting products ever manufactured. And because they're so difficult and costly to produce, there's a worldwide reliance on just a handful of companies, a dependence that was brought into stark relief by shortages
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Bank of America CEO Brian Moynihan said Tuesday that he would reduce employee levels by allowing positions to go unfilled as employees voluntarily depart.
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The strong dollar will weigh down on export demand.
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FEC filings show the vast majority of his donations went to Democrats, but the FTX founder claims he made "dark-money" contributions to Republicans.
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The prestigious event doesn't boost the U.S. trade deficit as much as the Olympics.
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Brady Cobb sees 75% chance that the SAFE Banking measure to open up the financial system to legal cannabis companies will pass amid growing support in Congress.
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Renewables are growing rapidly but crude has room to spike higher on its way out
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Executives of cryptocurrency exchanges are bracing for a long, cold crypto winter characterized by layoffs. The reasons for concern include the cratering of crypto prices, the FTX debacle, an implosion of crypto platforms and higher interest rates.
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After lunar flyby, NASA's Orion spacecraft is set to splash down on Sunday Ars TechnicaNASA's historic Artemis I mission is coming to a close CNNArtemis 1 Orion spacecraft aced its test flight but still hasn't tested life support Space.comAfter the Artemis I mission's brilliant success, why is an encore 2 years away? Ars TechnicaAmazing image of crescent Earth rising over the moon captur
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Fraud in the Paycheck Protection Program, which gave potentially forgivable loans to small businesses during the pandemic, was largely due to financial technology companies, according to a new report.
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Family of Jan. 6 officer declines GOP leaders' handshakes at ceremony The Washington PostMcCarthy, McConnell snubbed by Capitol police and their families at medal ceremony Yahoo NewsFamily of fallen officer snubs McCarthy and McConnell as Congress honors law enforcement who defended the Capitol on Jan. 6 CNNFanone Claims Officers Heckled Him During Jan. 6 Medal Ceremony MSNBCJan. 6 Congressional Gold Medal recipients snub GOP officials: 'It's self-explanatory' Yahoo Ne
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Special counsel subpoenas Trump-related documents from state and local election officials POLITICOWaPo: Special Counsel Subpoenas Local Officials In Trump Investigation MSNBCSpecial counsel Jack Smith subpoenas Arizona, Michigan, Wisconsin officials for Trump communications in Jan. 6 probe The Washington PostSpecial counsel subpoenas election officials in 3 states in Trump probe Yahoo NewsAP Top News at 4:00 p.m. EST The Philadelphia InquirerView Full Coverage on Google News
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Special counsel Jack Smith subpoenas Arizona, Michigan, Wisconsin officials for Trump communications in Jan. 6 probe The Washington PostU.S. special counsel subpoenas officials in three states in Trump probe - Washington Post Yahoo NewsDOJ subpoenas state election officials for Trump documents The Associated Press - en EspañolAP Top News at 2:25 p.m. EST The Philadelphia InquirerJustice Dept. subpoenas election officials in key states for Trump comms AxiosView Full Coverage on Google News
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The news and culture publisher BuzzFeed Inc., which houses the editorial titles BuzzFeed News, Complex and HuffPost, announced Tuesday that it is laying off around 12% of its workforce, or roughly 180 employees, according to a memo from chief executive Jonah Peretti obtained by Adweek. The layoffs, which primarily affect Complex Networks, BuzzFeed.com and overlapping...
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College towns often offer diversity and encourage entrepreneurs.
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Even those who aren't actually completing a purchase on social media are still turning to the platforms for gift ideas.
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Telematics is here to stay. Here's how it will continue to benefit the logistics industry in the future.
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Cross Check, Meta's scheme that shields VIP users like celebrities and politicians from the normal content moderation process, is guided more by "business concerns" than efforts to keep the public safe, the board said.
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It's been an ugly year for many stocks, but not all of them.
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According to one shipping analyst at Jefferies, day rates to ship crude oil could potentially climb to between $150,000 and $200,000 a day.
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X-Energy Reactor Company is merging with special purpose acquisition company Ares Acquisition Corp. in a $2 billion deal that will see the developer of small nuclear reactors go public. When the transaction closes, the combined company will be named X-Energy, Inc., and will be listed on the New York Stock Exchange. "The combination will establish X-energy as a publicly-traded, developer of a more advanced small modular reactor ("SMR") and proprietary fuel that supports the transition to clean, affordable energy through enhanced safety, lower cost, scalability and broader industrial applications," Ares Acquisition said, in a statement. "X-energy's entry into the public markets is expected to accelerate its growth strategy through additional investment opportunities and financial flexibility as well as differentiated sponsorship by Ares Management Corporation," it added. Investing and consulting company Ares Management Corp. launched Ares Acquisition in 2021 with the goal of entering into a combination with one or more businesses. The SPAC merger has a pre-money equity value of more than $2 billion, according to the companies. Ares Acquisition's stock rose 0.1% before market open Tuesday, while Ares Management was down 1.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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For Instagram-first content curator Impact, social justice is more than a subject area. It raises money for the very causes it covers.
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Oil prices climb after Russian crude sanctions kick in ReutersHow a Cap on Russian Oil Prices Could Affect U.S. Consumers | WSJ Wall Street JournalWhat the oil price cap & embargo mean for Russia and the world | DW Business DW NewsRussian Oil Price Cap Will Please the US, and No One Else BloombergImpress upon the West the futility of its oil cap | Mint MintView Full Coverage on Google News
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In today's newsletter we cover further signs that Beijing is easing its harsh zero-Covid restrictions
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PepsiCo Inc. is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to people familiar with the matter and documents reviewed by The Wall Street Journal.
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In times of uncertainty, companies are often more likely to engage in mergers and acquisitions (M&A) to gain market share or merge their position.
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Lawyers are grappling with fallout from the collapse of FTX and its domino effects in the cryptocurrency sector
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People who lie, steal, and disrespect you at work have the trappings of a gaslighter. But the real deal has a whole lot more.
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Monday's top personal finance stories.
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Are you being gaslighted at work? Watch out for these 2 signature approaches.
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The man behind Alexa and smart devices says "it's going to take us decades to solve it all but the world is going to be a very different place in a decade or two."
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Renminbi hits 12-week high as Morgan Stanley upgrades country's equities to overweight
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Dow 'exits' bear-market territory. Here's why investors should remain cautious
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Alvarez & Marsal, which is advising FTX, said teams identified "substantially higher cash balances" than were initially known.
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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