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Market Close: Stocks Higher, JP Morgan CEO Allows Bitcoin Investing For Clients, CBS News CEO Steps Down 5/19/25

CNBC Business News Update

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Mortgage Rates Surge and Pricing Strategies Amid Tariffs

This chapter examines the recent surge in mortgage rates above 7% and its consequences for home buyers, alongside Walmart's alerts about rising prices due to tariffs. It also covers Darden Restaurants' recent closures and highlights significant upcoming stock market events.

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