Breaking News: Markets
- Shares of Chinese chipmaker MetaX soar nearly 700% in blockbuster Shanghai debut - Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared nearly 700% after raising nearly $600 million in its initial public offering.
- Asia-Pacific markets set to open mixed ahead of Japan trade data - Asia-Pacific markets were set to open mixed Wednesday as traders looked toward trade data coming out of Japan.
- U.S. crude oil drops below $55 a barrel, hits lowest level since early 2021 - The oil market is under pressure as OPEC+ members have rapidly ramped up production and the U.S. pressures Ukraine to accept a peace agreement with Russia.
- Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend - Hassett declined in a CNBC interview to directly address his own candidacy but said forging consensus is an important part of the job.
- Payrolls rose by 64,000 in November, more than expected, delayed jobs numbers show - Nonfarm payrolls were expected to increase by 45,000 in November as the unemployment rate rose to 4.5%.
- Defense giants say investors should still bet on them, as hopes for a Russia-Ukraine peace deal spark a selloff - European defense stocks fell on Tuesday after U.S. President Donald Trump said negotiators were closer than ever to securing a peace deal for Ukraine.
- China lowers anti-dumping tariffs on European pork exporters - China on Tuesday announced lower duties on pork imports and pig by-products from the European Union.
- South Korea stocks lead losses in Asia for a second day as tech sell-off continues on Wall Street - Markets in Australia started the day higher, while markets in Japan and South Korea fell.
- Trump says he's 'strongly' considering reclassifying pot via executive order - Pot stocks fell on Monday as investors took profits following a record-setting session.
- Zillow shares are getting crushed. Here's why - Zillow shares fell more than 11% on Monday as investors grew concerned that Google could be testing real estate listings on its search page.