Wall Street Ends February With Broad Losses
The S P 500 slid 0.3 percent for the day and month, down 2.6 percent in February. The Dow fell 232 points and the Nasdaq edged lower, with February extending declines as investors price in higher for longer Fed rates. Economic data show inflation and growth remain resilient, prompting higher rate forecasts and caution on earnings outlooks for 2023. Target beat profit estimates but warned on future results, while Norwegian Cruise Line posted a larger quarterly loss and weaker forward guidance.
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Roundup Covers Cyber Breach Bank Fraud Chip Aid Nissan Recall
A large roundup reports a U S Marshal Service data breach via ransomware with investigations under review and federal inquiries open. It covers Commerce CHIPS Act funding aims for U S chip makers, and Nissan recalls over 809000 Rogue and Rogue Sport SUVs for ignition key risks. The piece notes experts warn on cyber threats and political funding links. It cites DOJ, FBI, and Commerce statements, plus Nissan recall status and notification steps.
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Ex FTX executive pleads guilty third in probe
Nishad Singh, 27, former FTX engineering director, pled guilty to conspiracy and wire fraud charges in the third cooperation deal connected to founder Sam Bankman-Fried. The plea carries up to 75 years if he does not fully cooperate, including testifying at trials. Singh admitted illegal political contributions and EFC defrauding counts as prosecutors highlight vast crimes.
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