Stocks edge higher at open but head for losing week: Stock market news today

Wall Street stocks edged higher on Friday, after selling off amid the prospect of prolonged high interest rates.

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  Stock losses deepen as Wall Street braces for 'higher for longer' interest rates: Stock market news today

  Yahoo Finance
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  U.S. Stocks Open Mostly Higher As S&P 500 Heads For Third Straight Week Of Losses

  The Wall Street Journal

Microsoft one step closer to UK approval of Activision Blizzard deal

A UK regulator on Friday said a revised proposal from Microsoft 'opens the door' to clearing the $69 billion purchase.

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  Microsoft's Activision merger set to get its final UK approval

  Engadget
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  Microsoft-Activision: UK looks poised to clear restructured deal

  TechCrunch

Banks may lean on costly 'hot money' to get through higher-for-longer Fed campaign

The Federal Reserve's forecast of elevated rates in years to come could place more pressure on banks to rely on expensive brokered deposits known as 'hot money.'

The Fed's 'plausible' economic outcome leaves little margin for investors

Investors are left in a tough situation after an illuminating press conference where Fed Chair Jerome Powell poured cold water on optimists.