My top 10 things to watch Wednesday, March 22 1. The Fed meeting: does it really matter? Despite the banking crisis, the market is betting nearly 90% on another quarter-point interest rate hike on Wednesday afternoon. Investors are looking for any forward-looking comments in Fed Chairman Jerome Powell’s policy statement and post-meeting press conference. The … Read more
The Fed should raise its key rate. Google launches its AI product Bard for testing. Nike sees momentum in China after Covid-induced crisis. Here are the most important information investors need to start their trading day: Decision day has arrived. Will the Federal Reserve raise its benchmark rate by another quarter point, as has long … Read more
Gold price could hit $2,600 and stay at record highs Gold prices have more room to soar as global banks struggle and investors await the US Federal Reserve’s rate decision, and could hit $2,600 an ounce. Metal prices broke above $2,000 on Monday to mark the highest since March 2022. Its all-time high was $2,075 … Read more
UK inflation data paints a picture of the UK economy. Bloomberg/Contributor/Getty Images UK inflation jumped unexpectedly in February as food and energy bills continued to rise, putting additional pressure on households. The consumer price index (CPI) rose 10.4% a year, above a consensus forecast of 9.9% from economists in a Refinitiv poll and up from … Read more
U.S. Treasury Janet Yellen speaks during the American Bankers Association Washington Summit on March 21, 2023 in Washington, DC. Drew Anger | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates investors on everything they need to know, wherever they are. … Read more
3 hours ago Healthcare and consumer cyclicals lead Hang Seng higher The Hang Seng Index led gains in the Asia-Pacific region on Wednesday, fueled by cyclical healthcare and consumer stocks. Shares of Geely saw the biggest moves, up 7.16% after the automaker posted a 45.6% year-on-year gain in revenue for the whole of 2022 and … Read more
Cryptocurrency companies are scrambling to find institutions to do business with after the collapse of Signature Bank and Silvergate Capital. These companies have turned to crypto-friendly Swiss banks, inundating them with requests for banking services, according to several industry insiders who spoke to CNBC. Part of the reason companies seek out Swiss banks is the … Read more
A vehicle charges a Tesla booster station in Corte Madera, California, U.S., Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest leaps in pre-market commerce: Tesla – The electric vehicle maker rose 2% after Moody’s gave it a Baa3 rating and scrapped its junk rated … Read more
A security guard at a construction site at a bank branch of Credit Suisse Group AG in Bern, Switzerland, Monday, March 20, 2023. Stefan Wermuth | Bloomberg | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates investors on everything they need to know, wherever … Read more
Top 10 things to watch Monday, March 20 1. Wall Street looks stable to start the week and ahead of the Fed’s interest rate decision after Wednesday afternoon’s meeting. The market is putting about a 60% chance on a quarter-point rate hike and 40% on no hike as policymakers watch ongoing banking struggles. Here are … Read more
