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NASA Webb Pushes Boundaries of Observable Universe Closer to Big Bang NASA Science (.gov)Webb Sees Fainter, Earlier Galaxies, Bringing Us Closer to the Big Bang Audacy
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A veteran money manager shares his top picks.
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Carvana shares closed Wednesday at $410.04, down 14.2% following short-seller accusations of the online used retailer overstating earnings.
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Windows 11 will support resuming Spotify, web browsing, and other apps from Android 9to5GoogleWindows 11's ability to resume Android apps on your PC is getting closer The VergeWindows 11 version 26H2: Everything you need to know Windows CentralMicrosoft is finally fixing Windows 11 under the hood — and this could be a make-or-break moment for the OS TechRadar
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All Amazon Fresh and Amazon Go locations are closing, including the two located in Naperville, Amazon announced Tuesday.
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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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