China’s Tencent posts weak revenue growth, plans to double buybacks
China’s Tencent Holdings posted a 7% rise in fourth-quarter revenue on Wednesday, trailing analysts’ expectations.
Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available
The White House said on Wednesday that Intel has been awarded up to $8.5 billion as part of the CHIPS Act.
Bitcoin turns higher after Fed meeting, reclaiming $65,000
Bitcoin reversed course on Wednesday as investors took a pause from the recent pullback and weighed the Federal Reserve’s latest policy decision.
Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands
French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion brand.
CNBC Daily Open: Inflation fight gets harder in final stretch
The final leg of the inflation fight is proving to be difficult for the Fed.
Hong Kong’s national security law has analysts divided on its social and economic ramifications
Hong Kong passed the Safeguarding National Security Bill that seeks to “prevent, suppress and punish espionage activities” in a special session on Tuesday.
UK inflation falls more than expected, hits lowest in nearly two-and-a-half years
U.K. inflation came in lower than expected at 3.4% year-on-year in February, official figures showed Wednesday, down from 4% in January.
Samsung soars more than 5% after report of Nvidia considering its next-gen chips
Shares of South Korean heavyweight Samsung Electronics soared more than 5%.
China tells U.S. to not take sides on South China Sea issue
China said the U.S. must refrain from taking sides on the South China Sea issue, after Blinken said a security deal extended to attacks on Filipino guard.
Apple CEO Tim Cook visits Shanghai amid a slowdown in China iPhone sales
Apple’s Tim Cook is on a visit to Shanghai ahead of the opening of a new retail store and distressed iPhone sales in the country.
