News Highlights: Top Global Markets News of the Day
Stock Waver Ahead of Powell Remarks
Stock wavered ahead of comments from Fed Chair Jerome Powell that investors hope will shed light on the path for U.S. interest rates.
Market Rally Broadens as Tech Firms Join In
Bellwethers like Meta, Apple and Microsoft have broken through their long-term trend lines.
Bonds Have Been in Rally Mode. Don't Get Excited-The Fed Has More Work to Do
Interest rate hikes have yet to lead to a meaningful drop in consumer demand as companies still add labor. This means the Federal Reserve will need to maintain aggressive monetary tightening, which could spell trouble for bond investors.
A digital currency is likely to be needed, says U.K. Treasury and Bank of England
The U.K. government said Monday that a digital currency is likely needed, as countries around the world examine the changing nature of payments.
China Forex Reserves Rose in January
The country's foreign-exchange reserves rose in January, beating expectations, amid a weakening U.S. dollar.
Crypto Brands Reposition Themselves in Wake of FTX and Market Tumble
Once crypto was marketed as the transgressive future of finance. Now its message is simpler: dependability, transparency and trust. As one crypto chief put it: 'Boring is not bad.'
Russia Pushes on Several Fronts in Ukraine
Russian forces launched multiple attacks in eastern Ukraine, pushing for a breakthrough on the battlefield ahead of the delivery of new Western weapons.
Market Rally Stirs Concerns It Could Feed Inflation
Economists disagree about how much market-driven financial conditions influence the economy relative to interest rates set by the Federal Reserve.
Biden to Urge Quadrupling New 1% Tax on Stock Buybacks
The president intends to discuss the plan during his State of the Union speech on Tuesday.
Tech Giants' Cloud Pains Aren't Shared Equally
The tech slowdown is finally hitting the cloud. The largest player might be paying the biggest price.
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