STOCK MARKET NEWS: Fed hikes rates, Powell talks inflation, Delta’s rosy outlook, FTX latest

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Federal Reserve meeting, Delta's rosy outlook, FTX fallout continues for crypto and Sam Bankman-Fried. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

rose 0.97% to $76.12 a barrel, as gold dropped 0.02% to $1,820.90 an ounce.The Federal Reserve is set to make its final interest rate hike for the year, prompting mixed world shares.At home, U.S. futures were down slightly and oil prices also fell.

Jack Dorsey, co-founder and former CEO of Twitter, said he will give $1 million per year to encrypted messaging app Signal to support"open internet development."The $1 million per year payment he plans to give to Signal will be made as a grant to the company. Since departing Twitter, Dorsey has said social media should not be"owned by a single company or group of companies.

The council was scheduled to meet with Twitter representatives on Monday night but Twitter prefaced the meeting by disbanding the group. The Federal Reserve is set to slow its rapid pace of interest rate increases at its final meeting of the year this week amid early signs that stubbornly high inflation is finally starting to cool.

 

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Us government sued big pharmaceutical for billions because of the codeine epidemic now we face a fentynal epidemic from manufacturers in Mexico made with ingredients from China brought into our country from are broken border. Why should rite aid walmart Walgreens pay anything

BIDEN FAILURE

I never understood president Reagan when he talked about supply side economics. Our current economic model seems to be based on quenching demand! What ever happened to increasing supply. Isn’t it just the opposite side of the same coin?

Biden's plan is working out perfectly.

Stock market is so corrupt and manipulated, somebody needs to tap Powell's phone

Sell, panic! President Joe Biden’s administration on Thursday announced the infusion of nearly $36 billion to shore up a financially troubled teamster (mob)pension plan, preventing severe cuts to the retirement incomes of about 350,000 Demoncrats voting thugs! Now Hunter gets 💰!

Government should shut down it is the cause of the Fed raising rates. Why should they escape the pain they have caused?

ugh! my mortgage has gone up crazy already ☺️

Tank? President Joe Biden’s administration on Thursday announced the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of about 350,000 Teamster workers and retirees across the United States.

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