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China Is Finally Trying to Fix Its Housing Crisis

More than a year after one of China’s biggest real estate developers began to collapse, trouble has rippled through cities across the country. Dozens of other developers have also missed […]




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Markets Edge Higher at End of a Strong Week

Markets nudged higher on Friday, after China eased its strict pandemic policies, which have roiled global supply chains. It built on the previous day’s surge, which investors said was driven […]




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Markets Soar on Signs of Slower Inflation

Stocks jolted higher on Thursday, after fresh data showed a moderation in inflation, bolstering investors’ hopes that the Federal Reserve may slow the pace of interest rates increases that have […]




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Twitter Files Paperwork to Enter Payments Business

SAN FRANCISCO — Elon Musk’s Twitter may be getting into the payments business.The social media company last week filed registration paperwork to pave the way for it to process payments, […]




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Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation

Federal Reserve officials made their fourth supersize interest rate increase in a row on Wednesday and signaled that they planned to lift rates higher than they had previously anticipated as […]




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Jerome Powell Is Popular. His War on Inflation Could Change That.

Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week. Read More




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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.

The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies. Read More




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US Mortgage Rates Soar Past 7% for the First Time Since 2002

The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases. […]