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Bloomberg Markets
A renewed drop in bonds reduced bets on riskier corners of Wall Street, hitting stocks on worries that elevated oil prices will fuel inflation and force the Federal Reserve to lift rates.
Jordan Jackson, Global Market Strategist at JPMorgan Asset Management, discusses the markets and his outlook on inflation. (Source: Bloomberg)
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Yahoo Finance
Bloomberg Markets
Wells Fargo & Co. and Barclays Plc provided as much as £85 million ($115 million) to Headlam Group Plc just months before the British flooring distributor appointed insolvency officials.
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Yahoo Finance
Bloomberg Markets
On this episode of Stock Movers:
- Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance.
- Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets.
- Shein Global Holdings’ shares long-awaited market d
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Bloomberg Markets
Federal Reserve Governor Michael Barr said the central bank can afford to be patient if upcoming data provide some signal that inflation is cooling but should be prepared to raise interest rates if inflation fails to subside. “If inflation appears not to be moderating sufficiently, then I think we should act decisively to raise rates,” Barr said, warning that price pressures are at risk of becoming entrenched after being above target for more than five years. He spoke Tuesday at an event in Wash
Yahoo Finance
Yahoo Finance