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Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
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House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
A surge in the so-called "fear index" that accelerated Tuesday — coupled with a relatively less severe selloff in stocks — gave traders a taste of just how much the broader market is unprepared for the U.S. presidential election and other events.
The CBOE Volatility Index (.VIX), considered the best gauge of fear in the market, has climbed more than 40 percent over the last six days, while the S&P 500 has lost less than 2 percent in that time. That indicates more volatility could come.
"The pricing of the (volatility) options is based on what is perceived as greater risk in the next week or two than what the market is currently realizing," said Daniel Deming, managing director at KKM Financial.