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Latest financial news from across the markets

Daily Market Overview

The 10-year Treasury yield has surged to its highest level since 2007, breaching the 5% mark, as expectations for a Federal Reserve rate hike intensify. In the tech sector, concerns over AI safety have led to notable sell-offs, particularly affecting companies like SoftBank, which saw a significant drop in its shares. Meanwhile, oil prices continue to rise, with Brent crude nearing $108 amid escalating tensions in the Middle East. On the political front, the Supreme Court has rejected a bid related to Postal Service mail ballots, while new sanctions have been imposed on Russia's VTB Bank over its ties to Iran.

Latest Market Updates

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