Factories in developing Asia may have seen the worst of manufacturing slump
South Korea’s S&P manufacturing purchasing managers’ index recorded a first expansionary reading since June 2022 at 51.2 in January.
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
Payments giant Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions.
Caixin survey shows China’s factory activity expanded for a third month in January, extending divergence with official data
Employment in China’s manufacturing sector trended down in the official survey released Wednesday as in the Caixin survey.
CNBC Daily Open: Dashed hopes for March rate cuts
Well, at least the Fed made one thing abundantly clear today. That rate cuts aren’t coming that soon.
Alibaba, ASML and more: Jefferies reveals its ‘highest-conviction’ stocks to buy — and one has 118% upside
Investment bank Jefferies has revealed its top stock picks that are exposed to major themes like innovation, new products, and emerging markets.
Want to cash in on the weight-loss drug boom? Morgan Stanley names 4 global stocks
The positive response to anti-obesity drugs has put Eli Lilly and Novo Nordisk in the spotlight.
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.
