Hong Kong, Korea markets trade higher; India’s Paytm plunges 20%
Private PMI surveys show the worst of the slowdown in manufacturing activity in Asia, outside of China and Japan, could be over.
Dow climbs 200 points as Wall Street tries to recover from Fed sell-off: Live updates
Wall Street is coming off a dismal session after Fed Chair Jerome Powell in his post-meeting conference discouraged investor hopes for a rate cut in March.
Jeffrey Gundlach says all the ‘Goldilocks’ talk makes him nervous, thinks recession is still likely
DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” scenario benefiting risk assets.
Fed Chief Jerome Powell says a March rate cut is not likely
Fed Chairman Jerome Powell said the central bank is unlikely to have enough confidence about inflation to cut rates as soon as March.
Ether takes center stage as bitcoin heads into one of its strongest months
Ether is ready to take the limelight in the month ahead after bitcoin and newly launched bitcoin ETFs dominated crypto investor attention in January.
10-year Treasury yield falls below 4% as traders evaluate Fed decision
The 10-year U.S. Treasury yield traded below the 4% level in a volatile session Wednesday.
XRP drops after Ripple co-founder’s crypto wallets hacked: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry….
Adidas won’t write off remaining Yeezy inventory, plans to sell ‘at least’ at cost
Adidas won’t write off the majority of its unsold Yeezy inventory after its breakup with Ye, the rapper formerly known as Kanye West, over antisemitism.
Red Sea supply chain inflation may be peaking already, new trade data suggests
Shippers around the world are pushing back on increases from ocean carriers diverting from the Suez Canal, but for U.S.-bound cargo, costs are still rising.
Europe stocks close higher as markets await Fed decision; Stoxx 600 logs monthly gains of 1.5%
European stocks closed slightly higher Wednesday as investors awaited the latest monetary policy decision from the U.S. Federal Reserve.
