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Pound falls as U.K. inflation at fresh 2-year low bolsters bets the Bank of England will adopt dovish tone on Thursday

The pound and U.K. government bond yields fell Wednesday after a report showed inflation at its lowest in more than two years

Nasdaq’s stock drops after $1.6 billion offering from stock-exchange parent

Borse Dubai is selling nearly 27 million shares to reduce its stake in the Nasdaq to 10.8%.

Temu parent PDD’s stock soars as improving consumer sentiment fuels profit beat

PDD’s stock powered higher Wednesday, after the China-based e-commerce company and parent of fast-fashion platform Temu reported fourth-quarter earnings that rose well above expectations, citing signs of improving consumer spending.

There’s gas in the tank for a post-FOMC rally so stick with the stock-market winners, says Wall Street bull

Fundstrat Global Advisors, Tom Lee, makes a bet on a post-Fed rally, offering five reasons for that and stocks he thinks investors should hold onto.

BioNTech’s stock sinks after earnings miss, as inventory writedowns weigh

BioNTech’s stock sank toward a more than two-year low Wednesday, after the Germany-based biotechnology company reported fourth-quarter results that fell sharply below expectations, weighed down by inventory writedowns by COVID-19 vaccine collaboration partner Pfizer.

Wells Fargo’s stock has reached a fair price after runup, analyst says

Citigroup cuts Wells Fargo rating to neutral on ‘balanced’ risk/reward but boosts price target

Income annuities help retired workers — and life insurance companies are managing them responsibly

Labor Department’s fiduciary rule runs counter to the life insurance industry’s practices.

Mortgage rates back at 7% ahead of Fed meeting

Mortgage applications fell 1.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.97%.

Intel lines up $8.5 billion in Chips Act funding, sending its stock higher

The Department of Commerce struck a preliminary deal with Intel that will provide the company with up to $8.5 billion in direct funding and $11 billion in loans through the Chips Act.

Oil prices pull back from 5-month highs ahead of supply data, Fed meeting

Oil futures pull back as traders await inventory data and the outcome of a Federal Reserve policy meeting.

I’m 59, and have a $280,000 underwater mortgage on a house I bought for $100,000. Should I sell?

“I owe $280,000 after using the equity and simultaneously having my equity used up by unscrupulous mortgage companies.”

Apple CEO Tim Cook makes trip to Shanghai following slump in Chinese sales

Cook’s visit comes ahead of the opening of a new Apple store in central Shanghai on Thurdsay
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