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Feds investigating whether 2 ICE officers lied about the shooting of a Venezuelan man in Minneapolis AP NewsAgents Suspended After Their Story of Shooting an Immigrant Falls Apart The New York TimesICE officers on leave while feds investigate whether they lied about the shooting of a Venezuelan man in Minneapolis CNNNorth Minneapolis ICE shooting: DOJ dismisses charges against Venezuelan men FOX 9 Minneapolis-St. Paul
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Data group's share price has fallen in recent months
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C.H. Robinson Worldwide's stock had its biggest one-day drop in years — but the catalyst for the selloff doesn't make much sense to analysts.
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Nuveen, the global asset manager with $1.4tn in assets under management, has agreed to buy Schroders in a £9.9bn deal.
The post Deal Roundup: Nuveen buys Schroders in £9.9bn deal, Tower Capital Asia invests in V-Key appeared first on AltAssets Private Equity News.
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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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