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Trump orders the closure of Venezuelan airspace PoliticoTrump maintains pressure campaign on Venezuela, saying its airspace should be considered closed CNNTrump Declares Venezuelan Airspace Closed The New York TimesVenezuela says U.S. unilaterally suspended migrant repatriation flights after Trump called for airspace to be viewed as closed CBS News
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Shareholders who've never endured a prolonged market downturn believe they have nothing to lose.
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Three injured in Westfield Valley Fair shopping mall shooting on Black Friday Los Angeles Times3 people shot at Valley Fair Mall in West San Jose NBC Bay AreaMultiple victims with gunshot wounds at Valley Fair Mall in California on Black Friday: police Fox News
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Ohio St. dominates Michigan to snap losing streak ESPNSherrone Moore perhaps biggest loser for Michigan football in OSU loss Detroit Free PressMichigan Players Defend Midfield Logo on Video After Loss to No. 1 OSU in Rivalry Game Bleacher ReportOhio State gets revenge against Michigan in dominant rivalry victory at Big House
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Trump says airspace above and around Venezuela should be considered closed ReutersTrump says airlines should consider Venezuelan airspace closed The Washington PostTrump orders the closure of Venezuelan airspace PoliticoLIVE: Donald Trump says Venezuela airspace now closed as tensions surge Al Jazeera
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Trump Declares Venezuelan Airspace Closed The New York TimesTrump orders the closure of Venezuelan airspace PoliticoVenezuela revokes flight rights for six airlines as tensions with US escalate ReutersVenezuela demands international airlines resume flights BBCTrump tells ai
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Elon Musk has started work toward his $1 trillion Tesla pay package. But 2 loopholes foreshadow how it could be a bust for shareholders FortuneElon Musk Moves Closer To $1 Trillion Tesla Prize — Should Shareholders Worry? Yahoo FinanceA $1 trillion musk with elan Daily PioneerTesla Says Musk Pay Ruling Could Hit Earnings for Years Mexico Business NewsNot Elon
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Donald Trump's big move on visa, asylum follows 'Third World' comment after guard killed near White House | Hindustan Times Hindustan TimesTrump admin live updates: Trump says Venezuelan airspace should be 'closed in its entirety' ABC NewsUS State Department stops processing visas for Afghan allies ReutersCapehart and Wehner on Trump's reaction to the National Guard shooting PBS
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AI helps drive record $11.8 billion in Black Friday online spending ReutersU.S. Black Friday Sales Defy Tariffs and Economic Woes The New York TimesShoppers hit Black Friday sales with celebratory mood despite economic strain AP NewsBlack Friday shoppers spend more time looking for deals but less money amid economic angst Los Angeles Times‘The
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Black Friday kicks off as inflation-burned shoppers scour for deals The Washington PostBlack Friday shoppers spend more time looking for deals but less money amid economic angst Los Angeles TimesPhotos capture enduring enthusiasm for Black Friday, the biggest shopping day of the year AP NewsUS retailers are about to see if Black Friday benefits from a holiday halo effect ABC News
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Thanksgiving week comes with plenty of holiday-adjusted business hours, including, of course on Wall Street — so here's what you need to know.
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 Topic: MediaPoliticsThe NYT "Needle" in 2016
The 2020 election showed that doing live reporting on election counts when the order of counting has a bias is misleading and emotionally draining. Of course, there is no actual "race" with totals moving back and forth, one candidate in the lead and then another. That's just an illusion created by the bias in the order. The result is actually a fixed fact after the polls close, and we're just uncovering different parts as time goes by.
It's a bit like scratching off a lottery card. The final result of the card is fixed, you just get some drama revealing bits of it at a time.
The press get good ratings and we can't stop them from reporting this, even when they know the reports are misleading. But instead of one number, there's really two numbers to show from partial results:
The best estimate of the final number based on your models and what data you have
The amount of uncertainty in that estimate (which you might show as a scalar, or as a distribution.)
As we know, Trump even worked to exploit that lie, known as the red mirage, to call the election into question. It's serious stuff.
This particular time, we the following large biases.
In person votes were usually counted before
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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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