Analysts say Kyiv could be wasting its time looking to Beijing for support as Russia’s invasion continues into a second year.Story Published at: March 23, 2023 at 10:36AM
Ukraine wants to win China over as Russia’s invasion continues. Some say it shouldn’t bother trying
China will make up nearly 40% of the world’s oil demand in 2023, Wood Mackenzie says
The research firm said in a report it views China’s reopening as the “single biggest demand driver” for a recovery in oil demand this year.Story Published at: March 23, 2023 at 07:46AM
CNBC Daily Open: Jerome Powell flipped the script
The Federal Reserve hiked interest rates by a quarter point, as markets had expected. They didn’t expect Powell’s warnings on the economy.Story Published at: March 23, 2023 at 06:23AM
Tencent’s online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing “video accounts” business.Story Published at: March 23, 2023 at 04:44AM
Relativity’s first 3D-printed rocket launches successfully but fails to reach orbit
Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night.Story Published at: March 23, 2023 at 04:25AM
Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
The predictions of new record highs mark a more optimistic outlook than in January when industry executives told CNBC they expected 2023 to be a year of caution.Story Published at: March 23, 2023 at 02:02AM
Wells Fargo lists financial instability as biggest economic risk post-Fed decision
“The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner,” Wells Fargo’s Mike Schumacher says.Story Published at: March 23, 2023 at 01:12AM
CNBC Daily Open: Powell flipped the script
The Federal Reserve hiked interest rates by a quarter point, as markets had expected. They didn’t expect Powell’s warnings on the economy.Story Published at: March 22, 2023 at 11:41PM
Coinbase warned by SEC of potential securities charges
The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.Story Published at: March 22, 2023 at 09:28PM
Financial conditions are tightening after SVB’s collapse and could slow the economy, Powell says
The regional banking crisis could slow the U.S. economy even as deposits stabilize, the Fed chair said. Story Published at: March 22, 2023 at 07:53PM