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Crowds pack into Washington's National Mall for prayer rally PBSTrump Administration Pushes Narrative of Christian Founding at Rally The New York TimesSpeaker Mike Johnson rejects "this new term Christian nationalism" as "derogatory" MS NOWTrump-backed prayer festival on National Mall draws thousands: ‘We welcome Jesus!' The Washington Post
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White House to host mass prayer event to promote Christian origins of the US France 24Trump Administration Pushes Narrative of Christian Founding at Rally The New York TimesRededicate 250 brings faithful to National Mall as Trump, Hegseth to speak USA TodayRoad closures in place as crowds head to National Mall for Rededicate 250
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For SpaceX, the stakes of next week's Starship rocket test flight are sky-high NBC NewsMusk's $1tn deal to build a colony on Mars The TelegraphSpaceX sets date for first Starship version 3 launch SpaceNewsSpaceX's Starship V3 megarocket finally has a debut launch date. Here's when it will fly Space
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NFL: Aaron Rodgers agrees new one-year deal with Pittsburgh Steelers - reports BBCSources: Aaron Rodgers to sign 1-year deal with Steelers ESPNAaron Rodgers gets raise to $25M on new one-year Steelers contract Yahoo SportsAaron Rodgers set to begin his 22nd NFL season after agreeing to a Pittsburgh Steelers contract Fox NewsAaron Rodgers to re-sign with Steelers, reunite with coach Mike McCarthy
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London-listed group set to be taken over by US-headquartered asset manager Nuveen in £10bn deal
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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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