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China's Xi Places His Top General Under Investigation as Military Purges Heat Up The Wall Street JournalXi's Purge of China's Military Brings Its Top General Down The New York TimesChina places highest-ranking general under investigation BBCWhat Xi Jinping's purge of China's most senior general reveals The EconomistXi takes sole operational control of army as China probes military leaders Financial Times
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Xi's Purge of China's Military Brings Its Top General Down The New York TimesChina places highest-ranking general under investigation BBCChina's Xi Places His Top General Under Investigation as Military Purges Heat Up The Wall Street JournalXi takes sole operational control of army as China probes military leaders Financial TimesChina Announces Probe Into Vice Military Chair Zhang Youxia Bloomberg.com
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'Sell America' has sparked a FOMO-fueled rush to gold and silver among everyday investors Business InsiderAg Markets Surge Higher Into the Weekend The Globe and MailCommodities weekly - Hard assets, hard weather: metals lead, gas shocks, cocoa cracks home.saxoAs gold and oil diverge, is it time to be precious about your portfolio? QuotedData
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UFC 324 live results: Justin Gaethje vs. Paddy Pimblett updates, round-by-round scoring, highlights Yahoo SportsWhy UFC 324 headliner Justin Gaethje is MMA's most exciting fighter ESPNMain Event Paddy Shells Out $150K In Tickets Yahoo SportsUFC 324 fight card predictions: Expert picks for Justin Gaethje vs. Paddy Pimblett in Las Vegas CBS Sports
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Dropping rates more than conditions warrant would stimulate the economy in the short term but could lead to trouble, our columnist says.
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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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Too many young professionals are leaving Uncle Sam an enormous tax gratuity. How are they doing this? By not taking full advantage of the triple tax benefits of a health savings account. I've yet to meet anyone who wants to pay more taxes. Many do not mind paying their fair share, but they do not want to leave a tip.
SEE MORE ‘I Can't Retire - I Need Health Insurance'
An early to mid-career professional with a high-deductible health plan (HDHP) could be missing out on six figures of lifetime tax savings. With open enrollment for health insurance around the corner, it's time to understand and utilize the benefits of your HSA.
What Qualifies as a High-Deductible Plan?
For 2023 a high-deductible health plan is defined by the IRS as one with a deductible not less than $1,500 for self-only coverage or $3,000 for family coverage, and for which the annual out-of-pocket expenses do not exceed $7,500 for self-only coverage or $15,000 for family coverage. Healthy young professionals are prime candidates for an HDHP. That is because many of them need minimal medical care; they visit the doctor annually and have no or few drug prescriptions.
Because their medical expenses are low, money contributed to a health savings account can be used to generate significant tax savings while also building a large health care nest egg.
What Are the Triple Tax Benefits of HSAs?
Contributing to a health savings account provides a triple tax benefit:
First, anyone who
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