Dow closes 570 points lower, turns negative for 2023 as Powell ignites higher rate fears: Live updates
Stocks sold off Tuesday after comments from Federal Reserve Chair Jerome Powell suggested that rates may need to go higher for longer to curb high inflation.
Asia-Pacific markets mostly higher as investors look ahead to Powell’s congress testimony
Asia-Pacific shares traded mixed as Asia-Pacific markets mixed as investors look ahead to Powell’s congressional testimony
CNBC Daily Open: All eyes are on Jerome Powell
U.S. Federal Reserve Chair Jerome Powell will testify before Congress as a week packed with economic data releases lies ahead.
Google tells employees that fewer of them will get promotions to senior roles
Google said in an email to employees that it hopes to increase senior and leadership roles “in proportion” to company growth
Taiwan is paying tourists to visit—here’s what you need to know
Taiwan’s government announced it will offer tourists $165 to vacation there.
Google CEO defends desk-sharing policy, says some offices are like a ‘ghost town’
In responding to employee criticism of Google’s new desk-sharing policy for the cloud unit, CEO Sundar Pichai reminded staffers that real estate is pricey.
Prosecutors in Alec Baldwin ‘Rust’ shooting case are getting heat over apparent missteps
Alec Baldwin’s lawyers say the special prosecutor, Andrea Reeb, isn’t permitted by New Mexico’s Constitution to try the case.
Marlboro maker Altria agrees to buy e-cigarette startup NJOY for nearly $2.8 billion
Altria’s deal to buy NJOY comes after the Marlboro maker exited its position in Juul Labs.
Saudi Arabia drops $5 billion in Turkey’s central bank to help its struggling economy
The news comes as Turkey struggles with an economy battered by years of high inflation and a recent series of devastating earthquakes.
Iran says it’s discovered what could be the world’s second-largest lithium deposit
The ministry believes that the deposit holds 8.5 million tons of lithium, which is often called “white gold” for the rapidly growing electric vehicle industry.
