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These 2 Nasdaq stocks drove the markets higher on Wednesday |  The motley fool

These 2 Nasdaq stocks drove the markets higher on Wednesday | The motley fool

Investors finally got the confidence boost they were hoping for, but it didn’t come from this side of the Atlantic. Instead, it was the Bank of England that decided to intervene in the bond market, offering to buy sovereign debt to stem the fall in the value of sterling. This sent the message to investors …

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Freefalling markets get a good dose of cold from the Bank of England |  CNN Business

Freefalling markets get a good dose of cold from the Bank of England | CNN Business

This story is part of CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN Business — All the UK government drama is keeping me from catching up on the only UK drama I really want to consume, which is Love Island season 8, which I still haven’t …

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Stablecoin Markets Shift as Binance Begins USDC Conversions Cryptocurrency

Stablecoin Markets Shift as Binance Begins USDC Conversions Cryptocurrency

Binance conversions from Circle’s USDC, Paxos’ Pax Dollar, and TrueUSD to the exchange’s own stablecoin, Binance USD, have begun. And the effects on stablecoins market are already being felt. Since Binance announced that it would stop supporting competing stablecoins on its exchange, the world’s largest by volume, USDC Binance releases– i.e. the number of USDC …

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This mutual fund designed for inflation protection is beating stocks and bonds this year - here's what it invests in

This mutual fund designed for inflation protection is beating stocks and bonds this year – here’s what it invests in

Over the past year, inflation has taken a heavy toll on Americans’ budgets and wallets. In the 12 months to August, the average cost of a basket of consumer goods rose 8.3%, with some categories, such as food and gasoline, rising even faster, according to the Bureau. of Labor Statistics. As the Federal Reserve has …

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What possible changes to Joe Biden's team could mean for the economy

What possible changes to Joe Biden’s team could mean for the economy

Biden’s economic team is going to be different in 2023. But how different is the question. On Tuesday evening, Axios reported that White House officials are considering the possible departures of three top economic officials after the November election — Treasury Secretary Janet Yellen; Brian Deese, director of the National Economic Council; and Cecilia Rouse, …

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Live stock market news updates: Stocks rally as Treasury yields fall, Bank of England pivots

Live stock market news updates: Stocks rally as Treasury yields fall, Bank of England pivots

U.S. stocks surged on Wednesday afternoon as Treasury yields retreated from a sharp rise and investors cheered a surprise policy pivot from the Bank of England. The S&P 500 rebounded around 2%, while the Dow Jones Industrial Average gained nearly 550 points, or 1.9% after both major averages hit new 2022 lows this week. The …

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Penny Stocks to Buy - 3 Penny Stocks to Buy to Tap Into a Hidden Bull Market

3 Penny Stocks to buy to tap into a hidden bull market

It is fair to say that many investors are currently looking for a hidden bull market. For the most part, this search can hold its own among blue-chip, mega-cap, low-beta stocks. For others, it might mean finding specific penny stocks to buy with incredible upside potential, given their battered valuations. Either way, it’s a search …

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A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A recession in the US market has already arrived as mortgage rates soar, according to ING chief economist James Knightley. Demand for mortgages has fallen 30% since the start of the year and sales transactions are starting to slow. “A slowdown in the housing market will weaken US growth, but it’s also important to remember …

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Stock market gains, led by Netflix, oil and biotech;  Lower trade deficit

Stock market gains, led by Netflix, oil and biotech; Lower trade deficit

The stock market gained on Wednesday as the U.S. goods trade deficit narrowed and oil prices surged. netflix (NFLX) and biotech stocks rallied. Apple (AAPL) shares fell more than 2% after a report alleged the company would not ramp up iPhone 14 production at this time. X The S&P 500 and the Dow Jones Industrial …

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