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Bernstein Quants Say $7.6 Trillion US Bear Market Has More To Go

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The Bernstein team is more optimistic about the longer-term outlook for stocks.

U.S. Rail Strike Risks Stoking Inflation At Worst Possible Time

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A railroad strike is just one of many external forces pushing back against central banks' recession fight.

Richest Americans Lose $93 Billion After Inflation-Fueled Stock Rout

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Jeff Bezos's wealth plunged by $9.8 billion, the most among those tracked by the Bloomberg Billionaires Index.

Gundlach Urges Fed To Slow Rate Hikes As Summers Prefers 1% Jump

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Gundlach believes a 75-basis-point September rate hike is the most likely scenario.

‘They Should Do 100': Wall Street Debates The Fed's Next Rate Move

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A hotter inflation report might force the Fed into a 100-basis-point rate hike.

Bitcoin Falls Most Since June Plunge; Ether Slumps Before Merge

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Bitcoin continues to perform as if it were a high-beta technology stock.

U.S. Income Inequality Rose To Record During Biden's First Year

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The same report showed the US poverty rate climbed for a second straight year in 2021 and household income slipped slightly.

SEC Charges 4 Brokerage Giants With Muni Disclosure Violations

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Oppenheimer is fighting the charges, while BNY Mellon, TD Securities and Jefferies have agreed to pay $1.2 million to settle.

Biggest Jump In Rents Since 1991 Keeps Overall Inflation High

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Shelter costs are the largest component of the consumer price index.

Traders Start To Consider Even Bigger Fed Rate Hikes After Hot CPI

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Investors are also driving up expectations for how high the central bank might push policy rates early in 2023.

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