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Stock rises toward an 18-year high, after bank's net interest income hits a record and CEO Brian Moynihan cites strength across the board.
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New JPMorgan data shows how Americans in different income brackets perceive the economy.
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Fox News, along with ABC, CBS, NBC and CNN, said that the Pentagon policy violates their "core journalistic protections."
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Goldman Sachs gets the majority of its revenue from Wall Street activities including trading and investment banking.
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Jeep parent Stellantis announces $13 billion U.S. investment plan CNBCStellantis to Invest $13 Billion to Grow in the United States Stellantis.comStellantis Unveils $13 Billion U.S. Investment Plan The New York TimesStellantis announces plan to increase U.S. vehicle production by 50% Axios
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Major media outlets, including Hegseth's former employer Fox News, decline to sign new Pentagon reporting rules PoliticoMedia outlets, including Fox News and CNN, refuse to sign Pentagon's press access rules CNNNews outlets reject Pentagon press restrictions WBURThe Safe Space Secretary status.newsOpinion: Why I'm handing in my Pentagon press pass NPR
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ChatGPT mentions aren't luck. Just like SEO rankings, they're earned. Here are four practical ways to increase your chances of being named in AI responses.
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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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