Breaking News: Markets
- Oil falls more than 4% as traders see Trump backing away from Iran strike threats - Concerns about a U.S. strike on Iran had been mounting after Trump vowed to take action against the regime’s crackdown on widespread protests in the country.
- Fed's Goolsbee says inflation could come 'roaring back' if central bank independence goes away - "Anything that's infringing or attacking the independence of the central bank is a mess," Goolsbee told CNBC.
- Goldman Sachs tops profit estimates as equities, asset and wealth management outperform - Trading desks across Wall Street have benefited in the last year as Trump's policies have roiled markets for bonds, currencies, commodities and stocks.
- European chip stocks surge after TSMC posts record fourth-quarter profit; ASML pops 7% - European stocks open broadly higher Thursday as traders digest the latest geopolitical news around Greenland and Iran.
- Trip.com shares plunge over 20% as China opens antitrust probe into Asia's largest online travel firm - In a statement, Trip.com said it would "actively cooperate" with the investigation, and added its business operations remain normal.
- Iran briefly closes airspace as U.S. tensions rise, flights rerouted across region - Iran temporarily closed most of its airspace late Wednesday, forcing airlines to reroute flights as tensions with the United States escalated.
- Asia-Pacific markets trade mixed as investors await Bank of Korea decision - Asia-Pacific markets traded mixed as investors awaited a policy decision from the Bank of Korea.
- Oil falls nearly 2% after Trump signals he could hold off on attacking Iran - Trump told reporters in the Oval Office that "we've been told that the killing in Iran is stopping. It's stopped. It's stopping, and there's no plan for executions."
- Under threat from Trump, Wall Street banks wager they can fend off credit card price controls - Five days after Trump's demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.
- Why the stock market keeps shrugging as Trump sows more political chaos - The market rebounded back to all-time highs Monday despite the probe.