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Updated at 5:05 p.m. ET

A day after dropping more than 1,000 points, the Dow rebounded Friday to close up more than 300 points. But the index lost nearly 5 percent for the week as the markets focused on rising interest rates, inflation and ballooning government debt.

For the second time in a week, Asian markets followed a swoon on Wall Street, with Shanghai and Hong Kong taking the biggest hit.

Shanghai's SE Composite Index was off 4.5 percent at 3,129.85; Hong Kong's Hang Seng shed 3.1 percent to 29,507.42 and Japan's Nikkei 225 lost more than 2 percent.

CNBC reports:

President Trump has picked a new chief for the Office of Government Ethics, seven months after the last confirmed head of the agency quit in frustration over his conflicts with the White House.

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Months of false starts, political battles and missed deadlines in Congress culminated overnight with one more missed deadline.

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Here's a story that might convince you that paying attention to your grammar lessons might one day put money in your pocket.

Thanks to the absence of the comma in the wording of a state law laying out what activities qualify a worker for overtime pay, more than 120 drivers for the Oakhurst Dairy in Portland, Maine, are eligible to share a $5 million legal settlement announced today.

Updated at 4:45 p.m. ET

U.S. stock markets fell sharply Thursday, with the Dow Jones industrial average tumbling 1,033 points, or 4 percent, to 23,860.

Other major stock indexes also dropped Thursday. The S&P 500 fell 101 points, or 3.8 percent, and the Nasdaq index fell 275 points, or 3.9 percent.

With the latest drops, both the Dow and the broader S&P 500 are down more than 10 percent from their peaks on Jan. 26, which constitutes a market correction.

Brian Krebs, a journalist and cybersecurity expert, recently published this list. It has hundreds of company names, in alphabetical order. And next to each name is a price.

This list comes from a site on the dark web where people buy and sell stolen usernames and passwords. It's a price list.

On today's show, we talk to Krebs about this list, and what it tells us about the market for your stolen passwords.

Twitter says it has turned a profit for the first time last quarter, sending its shares surging. As of mid-morning Thursday its shares were up nearly 23 percent.

In one week, outdoor enthusiasts converged on two very different trade shows in two cities. The Outdoor Retailer and Snow Show in Denver, Colo., and the Great American Outdoor Show in Harrisburg, Pa., offered a portrait of a complex and divided American conservation movement.

The divisions began with the overtly political. The Outdoor Retailer show changed locations this year over a bitter dispute about public lands policy.

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