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Rising Treasury yields have spooked the stock market. Relief may be on the way.

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  Following a two-day selloff in the longest-dated maturities that sent yields to one-month highs, buyers returned to the U.S. government-debt market on Thursday. This kind of buying interest could keep Treasury yields in check going forward.  The selloff in Treasurys on Tuesday and Wednesday drove the yields on the 10-year BX:TMUBMUSD10Y and the 30-year BX:TMUBMUSD30Y to 4.62% and 4.74%, respectively — levels not seen since April 30 — and alarmed investors in the stock market. Bulls in the stock market had been partially depending on the notion that, prior to this week's increase in yields, borrowing costs and, thus, market-based rates, had already peaked. The two-day bond market selloff, which was sparked by this week's poorly received government auctions and remarks from Minneapolis Federal Reserve Bank President Neel Kashkari that seem to keep a Fed rate hike on the table, ended on Wednesday with the Dow Jones Industrial Average DJIA closing at its lowest level since May 2...

Bitcoin traders warn of a pullback; As U.S. inflation data approaches, Dogecoin leads majors slide

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 According to one trading desk, cryptocurrency markets are predicted to stay unstable before Friday's U.S. inflation report. Over the last day, cryptocurrency heavyweights saw a sharp decrease in value, with meme coins like dogecoin and shiba inu leading the dip. For clues about the future of bitcoin, the market is awaiting Friday's U.S. PCE inflation data. Some analysts have pegged a decline to as low as $60,000. With traders expecting Friday's Personal Consumption Expenditures inflation data in the United States and warning of additional drops in the price of bitcoin (BTC), some of the top cryptocurrencies dropped as much as 5% in a single day. With losses of almost 5% each, meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) led the market down. The biggest tokens excluding stablecoins, the CoinDesk 20 (CD20), dropped 1.6%, while XRP, Solana's SOL, and BNB Chain's BNB sank 2%. Following a brief recovery to $70,000 at the beginning of the week, Bitcoin has been testin...

Google verifies the realness of the stolen Search documents

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 Regarding the veracity of the treasure trove of records, the organization remained silent till today. They verified today that a set of 2,500 officially released internal Google documents, which contain information regarding the data the company gathers, are genuine. Google has not released a statement regarding the files up until now. The documents in question detail data that Google is keeping track of, some of which may be used in its closely guarded search ranking algorithm. The documents offer an unprecedented — though still murky — look under the hood of one of the most consequential systems shaping the web. “We would caution against making inaccurate assumptions about Search based on out-of-context, outdated, or incomplete information,” Google spokesperson Davis Thompson told  The Verge  in an email. “We’ve shared extensive information about how Search works and the types of factors that our systems weigh, while also working to protect the integrity of our re...