Asia Stocks Rise as Fed Holds, China Cuts Key Rate: Markets Wrap
Asian stocks climbed Thursday after the Federal Reserve paused monetary tightening and China’s central bank cut a key lending rate to support its struggling economy.
Asian stocks climbed Thursday after the Federal Reserve paused monetary tightening and China’s central bank cut a key lending rate to support its struggling economy.
Secretary of State Antony Blinken’s last attempt to visit China was derailed by an alleged Chinese spy balloon. Now he’s ready to try again, departing Friday for a two-day trip aimed at stabilizing ties with the world’s second-largest economy and reducing the risk that miscommunication ignites conflict between the two superpowers.
Japan’s exports expanded at the weakest pace in over two years amid a global economic slowdown, adding to uncertainty over the country’s growth outlook amid speculation Prime Minister Fumio Kishida may be considering an early election.
Asian stocks and US equity futures were little changed Thursday after the Federal Reserve paused its monetary tightening, and ahead of a torrent of news on the state of China’s economy.
Japan’s exports expanded at the weakest pace in over two years amid a global economic slowdown, an outcome that adds to uncertainty over the country’s growth outlook amid speculation Prime Minister Fumio Kishida may be considering an early election.
The Japanese automaker is developing EVs with manual transmissions and vehicles that behave like different cars.
Six months after OpenAI unveiled ChatGPT, trials in India are harnessing the technology to help some of the nation’s poorest people.
The National Music Publishers’ Association sued Twitter Inc. Wednesday, alleging it violates the copyright of songwriters by using their music on its platform without permission.
Miami Mayor Francis Suarez is running for president, a long-shot bid that would nonetheless raise the national profile of the 45-year-old mayor who once dubbed his city the “crypto capital of the world.”
Turns out not even hawkish saber-rattling by the Federal Reserve is enough to awaken stock investors from the spell cast on them by artificial intelligence.