Wall Street stocks edged higher on Friday, after selling off amid the prospect of prolonged high interest rates.
A UK regulator on Friday said a revised proposal from Microsoft 'opens the door' to clearing the $69 billion purchase.
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.'
Investors are left in a tough situation after an illuminating press conference where Fed Chair Jerome Powell poured cold water on optimists.
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