Money News
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Final-hour rally yanks Wall Street from maw of bear market
Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year
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US stocks got close to a bear market. Here’s what that means
The stock market’s slump this year briefly pulled the S&P 500 into what’s known as a bear market Friday, before a late rally put the index in the green
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G7 countries to provide $19.8 billion in aid to Ukraine
The Group of Seven leading economies have agreed to provide $19.8 billion in economic aid to Ukraine to ensure its finances do not hinder its ability to defend itself from Russia’s invasion
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'I can’t see the light': War fuels surging prices in Europe
Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades
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Asian stocks rise after Wall St slips closer to bear market
Asian stock markets are higher after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation rose
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Fed nominee Michael Barr calls inflation 'far too high'
President Joe Biden’s pick to be the Federal Reserve’s top banking regulator pledged Thursday to help reduce high inflation and provide clear rules to govern financial innovation
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Average long-term U.S. mortgage rates edge down to 5.25%
Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels
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Asian shares track Wall Street's inflation-fueled retreat
Shares are sharply lower in Asia after a broad retreat on Wall Street
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Japan records trade deficit as imports surge on energy costs
Japan has recorded a trade deficit in April as imports ballooned 28% as energy prices soared while the yen remained weak
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Biden's burdens grow: Sagging global economy adds to US woes
President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories
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