News Highlights: Top Global Markets News of the Day - Wednesday at 9 PM ET
Nasdaq Crosses 20000; Inflation Data Boosts Rate-Cut Hopes
Major indexes mostly rose, buoyed by the inflation report. The Nasdaq Composite led gains, up well over 1%. The Dow industrials slipped.
Strengthening Inflation Poses Challenge for Trump, Fed
The consumer-price index rose 2.7% from a year earlier, a sign that the path to bringing down price pressures remains bumpy.
Lawmakers Plot to Force Health Insurers to Sell Off Pharmacies
A bipartisan group of lawmakers introduced legislation to break up pharmacy-benefit managers.
Nasdaq reaches 20,000 for the first time. Why that could spell trouble for investors in early 2025.
Stock investors could take profits, or stick with what's worked well in the past.
Bank of Canada Delivers Second Straight Half-Point Interest Rate Cut
For the second time in a row, the Bank of Canada cut its main interest rate by a half-percentage point, saying lower rates are needed to address weaker-than-expected growth and a softening labor market.
U.S. Crude Oil Stocks Fall as Lower Imports Offset Higher Output
U.S. crude-oil inventories fell for a third consecutive week as imports declined, offsetting a rise in domestic production to a record level.
OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay
The Vienna-based cartel cut the forecast for the fifth consecutive month after further postponing plans to increase output amid softer prices and market concerns over weaker global consumption.
Brazil's Central Bank Intensifies Pace of Interest-Rate Increases
The steepening sequence of interest-rate increases contrasts with most other central banks, including the U.S. Federal Reserve, which are cutting rates.
Here's three things to watch when the central banks of the eurozone and Switzerland meet on 'Super Thursday'
Rate cuts are expected but some analysts disagree with the market on how big one will be.
India's New Central Bank Chief Raises Expectations for Rate Cuts
The new governor of the Reserve Bank of India brings a pro-growth sensibility to the position that raises the likelihood of lower benchmark policy rates early next year.