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Ravens vs. Bengals on Thanksgiving: Live updates, score, highlights, big moments CBS SportsAs Joe Burrow returns, Bengals need to evaluate roster ESPNQuick Hits | Joe Burrow Returns Because "I'm A Football Player"; Ja'Marr Chase Is "Happy I've Got My Friend Back"; Samaje Perine Works Full Bengals.comBengals activate Joe Burrow ahead of Week 13 Thanksgiving matchup vs. Ravens Yahoo Sports
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Hong Kong's Worst Fire in Decades Fuels Scrutiny of Safety Lapses The New York TimesFire in Hong Kong high-rise complex kills at least 94 people, hundreds reported missing; 3 arrested CBS NewsHong Kong nears end of search and rescue mission as tower fire toll rises to 94 ReutersHong Kong has suffered its deadliest fire in decades. Survivors are asking how it was allowed to happen CNN
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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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