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Wall St drops as Powell doubles down on inflation fight
June 21 (Reuters) - Wall Street's main indexes fell on Wednesday, with the Nasdaq leading declines, as Federal Reserve Chair Jerome Powell struck a hawkish tone in his congressional testimony, while Tesla fell the most among megacap stocks.
21
June
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Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until additional progress is made on bringing down inflation.
21
June
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Elon Musk's 10 Children Won't Automatically Inherit Shares Of His Companies
I am definitely not of the school of automatically giving my kids some shares of the companies, even if they have no interest or inclination or ability to manage the company," he said. "I think that's a mistake."
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