Emerging-market currencies rallied for the first time in seven trading sessions as Federal Reserve chair Jerome Powell said higher inflation forecasts wouldn’t derail plans for interest rate cuts this year, with policymakers sticking to their forecast of three reductions.
Short seller Hindenburg Research targeted data center owner Equinix Inc. Wednesday, alleging that the company manipulates its accounting and is selling an “AI pipe dream.”
Federal Reserve officials maintained their outlook for three interest-rate cuts this year and moved toward slowing the pace of reducing their bond holdings, suggesting they aren’t alarmed by a recent uptick in inflation.
Apollo Global Management Inc. offered to buy Paramount Global’s Hollywood studio for $11 billion, the Wall Street Journal reported, citing people familiar with the situation.
Astera Labs Inc. shares jumped as much as 76% in their trading debut after the semiconductor connectivity company’s initial public offering topped expectations to raise $713 million, as investors pile into AI-related stocks.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}