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Here's when Black Friday starts at all the major U.S. retail stores FortuneBlack Friday 2025: What time Costco, Walmart, Home Depot, Target and more stores open AxiosWhat time do stores open on Black Friday? Hours for Best Buy, Kohl's, more USA TodayBlack Friday planning: What stores are open, closed on Thanksgiving Day KOMO
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US will reexamine all green cards issued to people from 19 countries as Trump administration ramps up immigration crackdown CNNTrump administration to re-examine green card holders from 19 countries 'of concern' NBC NewsU.S. Reviews Biden Asylum Cases After Shooting The New York TimesTrump administration to review status of refugees in wake of Washington DC shooting The Guardian
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I've Rounded Up All of the Best Black Friday OLED TV Deals From LG, Samsung, and Sony IGNFour big things to know if you're going to buy a TV this weekend The Washington PostGet massive 75-inch QLED 4K TV with ‘over a billion shades of color' under $380 Cleveland.com
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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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