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Donald Trump to speak at World Cup draw upon receiving FIFA Peace Prize The New York TimesAs Trump Covets Nobel Peace Prize, FIFA Cozies Up to Him With Its Own Award The New York TimesFifa to award ‘peace prize' after Donald Trump pipped to Nobel Financial TimesDonald Trump & Gianni Infantino: 'World Cup draw will illustrate close relationship' BBCRevealed: Myanmar junta ‘crony' given key role behind Fifa peace prize The Guardian
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Scientists discover one of our universe's largest spinning structures — a 50-million-light-year-long cosmic thread Space'Tornado' of Galaxies Could Be The Longest Spinning Structure Ever Seen ScienceAlertGiant rotating string of galaxies is 'probably the largest spinning object' in the known universe Live ScienceThis Might Be the Biggest Thing in the Universe That Spins Gizmodo
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The lawsuit said the Defense Department's new set of rules for journalists "violates the Constitution's guarantees of due process, freedom of speech and freedom of the press."
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"This Fear is Not Warranted"
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Australia says the world will follow social media ban as Meta starts blocking teens Reuters'Taking away my purpose' - Influencers on Australia's social media ban BBCIs This the End of Kids on Social Media? The AtlanticAustralia to enforce social media age limit of 16 with fines up to $33 million PBS
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Stocks closed higher Wednesday as bargain hunters swooped in following a lengthy stretch of losses for the major indexes.
Today's positive price action came as the 10-year Treasury yield eased back from yesterday's two-month high, finishing down 6.7 basis points at 3.273%. A basis point is one-one hundredth of a percentage point.
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And the buying persisted even after Federal Reserve Vice Chair Lael Brainard said in an early afternoon speech that the central bank is "in this for as long as it takes to get inflation down." The Fed will meet later this month, with the market largely pricing in the probability of a third straight 75 basis-point rate hike.
Nearly all sectors finished higher, with utilities ( 3.1%) and consumer discretionary stocks ( 3.1%) leading the charge. The one outlier was energy, which slumped 1.2% as U.S. crude futures tumbled 5.7% to $81.94 per barrel - their lowest close since Jan. 11, according to Dow Jones Market Data - amid expectations of slowing global economic growth. "Oil's breakdown today is a bigger shot across the bow, pointing to further struggles ahead in our opinion," says Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott. "We believe the commodity can break below $80 from here, targeting the mid-$70s range in the weeks ahead."
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As for the major indexes, the Nasdaq Composite jumped 2.1% to 11,791 - snapping its seven-day losing streak, its longest one since 2016. The S&P 5
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