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Au Pair Juliana Peres Magalhães Sentenced to 10 Years in Banfield Double Murder Case The New York TimesAu pair who plotted elaborate double murder with Brendan Banfield sentenced to maximum 10 years in prison CNNAu pair sentenced to 10 years for her role in double killing The Washington PostBrazilian au pair faces sentencing in scheme to kill lover's wife and another man AP News
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Bessent Pushes Senate on Fed Confirmation Amid Backlash Over Criminal Inquiry The New York TimesTillis suggests Warsh faces long Fed chair nomination process that could restrict his business life CBS NewsFed chair drama: Tillis pours cold water on off-ramp for Powell criminal probe CNBCTillis
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Bangladesh dynastic heir defeats Islamist challengers in post-uprising election Financial TimesWho is Tarique Rahman, set to become Bangladesh's next PM? BBCIs BNP's Tarique Rahman the change post-Hasina Bangladesh is looking for? Al JazeeraWhat Bangladesh's Election Means for South Asia and the World Time MagazineAfter 17 years in exil
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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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MetaBank, a wholly-owned subsidiary of Meta Financial Group has signed an agreement to continue their relationship with Global Cash Card and will begin to support Wisely by ADP.
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A WILLING buyer in a market with plenty of willing sellers, Barzin Bahardoust is finding life surprisingly hard. For years he has been trying to pay Canadians for their blood plasma—the viscous straw-coloured liquid in blood that has remarkable therapeutic powers. When his firm, Canadian Plasma Resources (CPR), tried to open clinics in Ontario in 2014, a campaign by local activists led to a ban by the provincial government on paid plasma collection. Undeterred, he tried another province, Alberta—which also banned the practice last year. Then, on April 26th, when CPR announced a planned centre in British Columbia, its government said it too was considering similar legislation. CPR has managed to open two centres, in far-flung Saskatchewan and New Brunswick. Even these have faced opposition.
The global demand for plasma is growing, and cannot be met through altruistic donations alone. Global plasma exports were worth $126bn in 2016—more than exports of aeroplanes. But paid plasma raises ethical,...Continue reading
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