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DAILY UPDATE: Boring US Stocks & Credit Suisse!

December 5, 2022 11:00 AM

By Staff Reporters

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US Stocks are on a bit of a run near the end of the year, posting their first back-to-back winning weeks since October. Still, recent developments must be a bit disorienting for investors—first, Fed Chair Jerome Powell suggested he’s ready to reduce the size of rate hikes, but then Friday’s jobs report showed that the stubbornly hot labor market isn’t cooperating to help bring down inflation.
And, Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors are preparing to invest $1 billion or more into Credit Suisse’s CSGN, 6.47%CS, +9.39% new investment bank

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