Fujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a ‘moral obligation’
Fujitsu shares fell nearly 4%, making it the second-largest loser on the Nikkei.
US FDA approves Vertex/CRISPR gene therapy for an inherited blood disorder
The U.S. health regulator approved Vertex Pharmaceuticals and CRISPR Therapeutics’ gene therapy to treat a blood disorder requiring regular blood transfusions.
China misses fourth-quarter GDP estimates, resumes posting youth unemployment data
GDP for the last three months of 2023 rose by 5.2%, missing analysts’ estimates of 5.3% in a Reuters poll.
China’s economic growth is set to slow in 2024. Here’s what Wall Street is predicting
Major investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months.
Air freight rates could spike as Red Sea attacks disrupt shipments via sea
Delays to maritime trade may prompt retailers to switch to air freight, as companies that normally ship by sea seek to ensure faster delivery, analysts said.
Here’s what Apple had to change as a result of the Epic Games legal battle
The shift is the most tangible result from Epic Games’ legal challenge to the App Store.
Crypto firm Ripple explored IPO outside of U.S. because of ‘hostile’ SEC, won’t go public soon
Garlinghouse confirmed Ripple bought back shares from its shareholders and the CEO said an IPO is now “not an immediate term priority” for the company.
Hong Kong shares drop 3.7% and mainland China stocks tumble to near 5-year lows
The sell-off came after China reported that the economy grew 5.2% in the fourth quarter, slower than expected. Retail sales for December also missed expectations.
CNBC Daily Open: Fed’s reality check
Wall Street’s first day back after a long weekend, only to be rudely awoken by a reality check from a Fed official
Dow closes lower Wednesday, notching third straight losing session as bond yields rise: Live updates
The three major averages slid as Treasury yields climbed higher.
