$1.3 billion jackpot winner faces mega tax bill This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Mega Millions winning ticket sold in $1.28B jackpot This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks rally as S&P, Dow, Nasdaq wrap winning month U.S. stocks ended on a high note Friday ending the month of July with solid gains as investors reacted to strong quarterly earnings across technology. For the month, the Nasdaq Composite added 12.3% and the S&P 500 9.1%. While the Dow Jones Industrial Average added 6.7% and is within striking distance of exiting its bear market hit back in March. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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S&P, Dow, Nasdaq rise helped by Amazon, Apple, Chevron U.S. stocks rose across the board helped by large-cap technology names including Apple and Amazon which both reported solid quarterly results. ExxonMobil, and Chevron also rallied as profits saw a big boost with rising oil prices. In commodities, oil neared $100 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Fed's preferred inflation gauge climbs in June, holding near 40-year high Inflation accelerated more than expected in June as prices remain stubbornly high. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dow, S&P, Nasdaq rally 1% as investors shake off recession confirmation U.S. stocks rallied across the board 1%+ despite confirmation the economy is in the midst of a recession after a surprise 2Q GDP contraction of 0.9%. Utilities and industrials led the S&P's gains, while communications companies lagged. In commodities, oil fell 0.8% to $96.42 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Treasury Secretary Yellen holds press conference after GDP estimate shows US in recession Treasury Secretary Janet Yellen discusses the state of the U.S. economy. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Biden delivers remarks after GDP estimate shows US in recession President Biden delivers remarks on the Inflation Reduction Act of 2022. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Biden reacts to recession that he insisted wasn't coming President Biden reacted to Thursday's GDP report, saying it is "no surprise that the economy is slowing down" amid high inflation, despite saying earlier this week that the United States would not be entering a recession. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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US economy shrank 0.9% in the second quarter, entering technical recession This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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JetBlue agrees to buy Spirit Airlines in $3.8B deal Spirit ended its merger agreement with Frontier Airlines on Wednesday. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Nasdaq surges 4%, Dow adds 436 points after Fed pledges inflation fight Stocks surged Wednesday afternoon following the Federal Reserve's 75 basis point rate hike and Chairman Jerome Powell's commitment to fight inflation with future tightening efforts. Additionally, he said he does not think the U.S. is in a recession. In commodities, oil rose over 2% to $97.26 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks hit session highs as Fed's Powell concludes no recession All three of the major averages touched session highs after Federal Reserve Chairman Jerome Powell said the U.S. is not in a recession ahead of a fresh read on 2Q GDP due Thursday. Large-cap technology paced the gains with the Nasdaq Composite up nearly 4%, while the S&P 500 added over 3% and the Dow Jones Industrial Average added 471 points. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Fed Chairman Jerome Powell speaks after latest interest rate hike This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Fed raises interest rates by 75 basis points in historic move to battle inflation This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Biden to end COVID-19 isolation after testing negative twice President Biden tested negative for COVID-19 Wednesday morning, completed his treatment plan, and will "discontinue" his isolation measures, White House physician Dr. Kevin O'Connor said. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Microsoft, Google lift Nasdaq, Boeing aids Dow, S&P U.S. stocks rallied ahead of the Federal Reserve's decision on interest rates and following solid earnings from Microsoft and Google. Boeing also got a bounce after clarifying plans to restart deliveries of its 787 Dreamliner. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stock futures higher ahead of Fed interest rate decision The Fed is widely expected to impose a three-quarter percentage point hike after its two-day meeting on Wednesday. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dow falls 229 points, Walmart worst performer off 7.6% All three of the U.S. benchmark stock averages lost ground as investors reacted to a basket of disappointing earnings led by Walmart which cut its profit forecast due to inflation pressures. Shares were the worst Dow member dragging down consumer discretionary stocks which weighed on the S&P 500 and Nasdaq Composite with declines in Bed Bath and Beyond, Amazon and Dollar Tree shares. In commodities, oil slipped 1.8% to $94.98 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Walmart, GM drag stocks lower as Fed kicks off meeting U.S. stocks fell across the board pressured by Walmart, which cut its profit outlook due to inflation and General Motors, which saw profits sink tied to the supply chain crisis. This as the Federal Reserve begins its two-day meeting. In commodities, oil rose 1% to the $98 per barrel level. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stock futures lower as corporate earnings roll in, Walmart slides General Motors, McDonald's, Coca-Cola and 3M are some companies that reported quarterly results before the bell on Tuesday. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks finished mixed as corporate earnings, Fed decision await The Dow Jones Industrial Average climbed 90.75 points, or 0.28%, and the S&P 500 was little changed. The Nasdaq Composite finished in the red, down 0.43%. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks start busy week little changed Investors await a busy week of corporate earnings and the next move by the Federal Reserve on interest rates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Friday's winning Mega Millions numbers have been drawn See if you've won tonight's huge jackpot. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks end final trading session of week in the red The Nasdaq Composite led the declines, falling 1.87% after being bogged down by Snap Inc. Shares of the social media company ended the day down 39%. Meanwhile, the Dow Jones Industrial Average finished the session down 137.61 points, or 0.43%, and the S&P 500 fell 0.93%. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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