Junk Market Flashes Warning as Fed Eyes Higher Rates for Longer

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Junk Market Flashes Warning as Fed Eyes Higher Rates for Longer
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Junk-rated US companies have seen their interest costs rise after the Federal Reserve’s rate-hike campaign, but profits haven’t kept up, putting a squeeze on finances and underscoring a key risk for investors in high-yield debt as the trend persists.

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Stock market today: Wall Street drifts near its records amid a worldwide market lullStock market today: Wall Street drifts near its records amid a worldwide market lullNEW YORK (AP) — Stocks are drifting around their records on Wall Street, as a lull carries through financial markets worldwide. The S&P 500 was little changed in early trading Wednesday, a day after setting an all-time high.
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