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Korean Stocks to Bounce, US Inflation Fears Ease: Markets Wrap Bloomberg.comSouth Korea stocks crashed 18% in two days. Could it happen here? CNBCAsian Equities Rebound as Risk Appetite Improves WSJIsrael Iran News Everyone Is Watching Strait Of Hormuz. The Real Warning Is Coming from Korea NDTV
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Iran launches missiles at Israel and US bases as Israeli military begins new strikes in Lebanon AP NewsHere are all the countries now involved in the Iran conflict AxiosVideos Show Homes and Businesses Across Mideast Caught Up by War The New York TimesIran-Israel war LIVE: Iran launches missiles at Israel as war enters sixth day The Hindu
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Mass Expulsion in Lebanon as Israel Expands War: "We Don't Know Where to Go" Drop Site NewsIsraeli attacks, threats fuel mass displacement crisis in southern Lebanon Al JazeeraChildren are bearing the brunt of the escalating violence in Lebanon UnicefFeeding families impacted by conflict in the Middle East World Central Kitchen
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The U.S. grew at a slight to moderate clip early in the new year, the Federal Reserve said, but "uncertainty," higher prices and severe winter weather held the economy back.
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Topic: RobocarsTags: forbes
Waymo seems wiling to let outsiders look at their practices and data. Where are Tesla at the others in having this important transparency? Also, what about cats?
Read more at Forbes.com in Waymo Gets Safety Audit, What About The Others?
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The program is shorter, startups are pushed to build faster, and just about everyone has an AI company. What could go wrong?
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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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