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Trump was planning to send troops to San Francisco. Now he's not. Here's why | Joe Eskenazi The GuardianLive updates: Federal agent operations canceled for entire Bay Area, Oakland mayor confirms ABC7 San FranciscoHow San Francisco Mayor Daniel Lurie Avoided Trump's Enforcement Surge The New York TimesNewsom warns Californians after Trump backs off Bay Area immigration surge KTVU
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Federal immigration agents deploy tear gas in Chicago's Irving Park and Avondale neighborhoods Chicago TribuneDHS marks 'one of the most violent days' of Operation Midway Blitz with several arrests Fox NewsImmigration Crackdown Spreads Through Chicago, Including Wealthy Neighborhoods The New York TimesSouth Shore Residents Made Thousands Of Distress Calls To City Before Massive Federal Raid Block Club Chicago
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After losing $1.8 million in government funding, BPM launched a fundraising campaign aiming to reach nearly 2 million donors to avoid the erasure of Black storytelling
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Adam Silver: NBA concluded there was "insufficient evidence" of wrongdoing by Terry Rozier NBC SportsC's Brown: NBA not shielding players over betting ESPNHow New York City's mafia allegedly ran illegal poker games tied to major NBA figures and US athletes CNNAdam Silver 'deeply disturbed' by Terry Rozier, Chauncey Billups arrests, speaks on NBA's role in federal probe Yahoo Sports
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U.S. stocks jumped to all-time highs on Friday after September's consumer-price index came in below expectations, helping to support the case for Federal Reserve interest-rate cuts next week and in December. Yet there are reasons to be cautious about where inflation may be headed beyond the next handful of months.
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The temporary restraining order comes amid clashes between protesters and federal agents in the Chicago area, where journalists have repeatedly been hit with pepper balls and tear gas.
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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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