CNBC Daily Open: An unpleasant surprise for crypto bros
A false social media post about the approval of a bitcoin exchange traded fund by the SEC was the last thing eager crypto bros were hoping for.
TSMC posts flat fourth-quarter revenue but beats expectations
Taiwan chipmaker TSMC reported a largely flat fourth-quarter revenue on Wednesday, but that still beat both the company’s and market’s expectations.
Social media uproar may cost the Maldives millions, as feud with India intensifies
A social media firestorm, fueled by the fraying of a historically close relationship, is testing ties between India and the Maldives.
SEC’s account compromise was ‘not due to any breach of X’s systems,’ company says
Bitcoin prices shot up following the unauthorized post, but soon fell below $46,000 after the SEC clarified that it had not yet approved the bitcoin ETF.
Is China’s consumption story over? Here’s what experts are saying
For China’s manufacturing-heavy economy, market players are now looking towards the services and consumption side to propel China’s growth in the next year.
China’s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business
Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan’s market cap in 2023.
EV maker VinFast aims to raise free float to 10%-20% by end-2024
VinFast aims to increase its free float, or shares available to the public for trading, to 10% to 20% by the end of this year from roughly 2% currently.
Indian refiners set to ask for extra Saudi oil after sharp price cut
Two Indian state refiners are seeking to boost imports of Saudi crude oil after cutting the official selling price to the lowest in 27 months, sources said.
Dow closes more than 150 points higher Wednesday ahead of key inflation readings: Live updates
Stocks traded higher Wednesday, with investors awaiting the release of fresh U.S. inflation data and earnings.
Houthi militias launch biggest attack to date on merchant vessels in Red Sea
Approximately 50 commercial tankers were in the area at the time of the attack, according to U.S. officials.
