Breaking News
Nov 14, 2022
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Bed Bath & Beyond fell 9% after the struggling retailer said it plans to issue 11.7 million shares in exchange of a portion of its $1 billion debt.
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European markets closed higher and Germany's DAX index closed at a five-month high and France's CAC-40 index at a 7-month high.
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The Bahamas has launched an investigation in the failed cryptocurrency exchange FTX, Bahamas Police Force confirmed Sunday.
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Oil price jumps 3% after China eased stringent coronavirus-linked restrictions.
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FTX, cryptocurrency exchange once valued at $32 billion, filed for bankruptcy and CEO San Bankman-Fried resigned.
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Consumer price inflation in October slowed to 0.4% from the previous month and to 7.7% from a year ago. Annual core index eased to 6.3% from 6.5%.
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Benchmark indexes soared between 3% and 4% after October inflation eased to 7.7% annual rate.
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U.S. initial jobless claims rose 7,000 to 225,000 for the week ending November 5 and on a seasonally adjusted basis claims gained 19,054 to 205,027.
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Cryptocurrency exchange FTX, valued at $32 billion a few months ago, is likely to collapse after the rival Binance walked away from the rescue deal.
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The S&P 500 soared 5.5% and the Nasdaq Composite jumped 7.4%, best one-day gain since April 2020, after October inflation moderated to 7.7%.
Nov 11, 2022
Nov 10, 2022