Gautam Adani went from Asia's richest man to losing $60 billion after a scathing short-seller report. Here are the new top 5 wealthiest people on earth.

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Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani, Founder and chairman Of Adani Group.

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US stocks drop but end the week with strong gains after latest Fed move and mega-cap earnings

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Trader NYSE
Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 18, 2020 in New York.

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The economy is still at risk of a 'sudden stop' despite January's massive job growth, Larry Summers says

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larry summers
Larry Summers

Hyungwon Kang/Reuters

The stock market rally will peak in the next 2 weeks before stalling out, as disinflation proves transitory, Bank of America says

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Trader NYSE
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.

Andrew Kelly/Reuters

US stocks fall after blockbuster January jobs report suggests more hawkish Fed moves ahead

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Trader at NYSE
A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022.

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Stocks are getting a boost from a key indicator that's been a reliable sign of more gains to come

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Happy Friday, team. I'm senior reporter Phil Rosen. 

In case you missed it, the European Central Bank Thursday made a half-point interest rate hike, marking its fifth consecutive move as part of its inflation-fighting efforts.

EU policymakers plan to make the same sized hike at their meeting in March, similar to expectations for the US central bank to repeat yesterday's rate hike at its next meeting.  

Beaten down stocks like Carvana and Bed Bath & Beyond are getting a huge boost as risk appetite returns amid the Fed's acknowledgement of falling inflation

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trader, NYSE

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Wharton professor Jeremy Siegel outlines exactly what needs to happen for the Fed to stop raising interest rates

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Wharton professor Jeremy Siegel
Wharton professor Jeremy Siegel is a long-time market commentator.

REUTERS/Steve Marcus

ChatGPT has gone viral. Now Wall Street is flocking to AI.

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Hi. I'm Phil Rosen. Today's newsletter covers everything you want to know about how the viral ChatGPT language tool is colliding with the world of Wall Street. 

But first let's recap the Fed's 25-basis-point interest rate hike. 

Fed's Jerome Powell 'didn't fight back' against the stock market with his confident stance on inflation, says 'Bond King' Jeffrey Gundlach

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DoubleLine CEO Jeffrey Gundlach speaking at the 2015 Delivering Alpha event.
DoubleLine CEO Jeffrey Gundlach speaking at the 2015 Delivering Alpha event on July 15, 2015.

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