Markets Now

June 8, 2023

Last updated June 8 at 4:59 PM ET

US stocks are in the firing line if China's economy stalls further

Chinese economic activity has hit a soft spot in recent weeks and Hong Kong’s equity markets have flirted with bear territory as a result.  
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Coinbase CEO: Win or lose, our clash with regulators is good for crypto

Coinbase CEO Brian Armstrong is confident his battle with federal regulators will benefit the crypto industry, no matter how the judge rules.  
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It's official. We're in a bull market

The S&P 500 rallied Thursday to end the day in a bull market, marking a 20% surge since its most recent low, reached on October 12, 2022.  
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FAA delays flights into New York and Newark airports as Canadian wildfire smoke spreads

The Federal Aviation Administration delayed flights into New York and Newark, New Jersey, and it briefly halted flights bound for Philadelphia International Airport and New York’s LaGuardia airport, as smoke from Canadian wildfires continues to spread across the northeastern United States.  
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Lionel Messi's signing sparks sharp rise in Inter Miami ticket prices

“Messi mania” has reached the United States, if ticket prices are any indication. On Wednesday, soccer superstar Lionel Messi said he’s going to join the Major League Soccer club Inter Miami, a blockbuster announcement that shocked the sporting world.  
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Mask and air filter sales spike on Amazon as Northeast still lives with smoke

Some of the worst air quality levels on record on the East Coast are impacting consumer shopping patterns and driving air purifier stocks higher. Smoke from Canadian wildfires is creating hazardous air quality.  
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Source: CNN BUSINESS