U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
Investors trimmed bets on a December rate cut, now giving it a 71% probability, down from 90% previously. Earlier, markets initially rose following the Fed’s expected quarter-point interest rate cut and its announcement to restart limited Treasury purchases. Policymakers noted that the U.S. federal government shutdown constrained their decision-making process. The Fed lowered its overnight benchmark rate to 3.75%–4.00%, marking the second rate cut this year.
“Markets tend to overreact to news out of the Federal Reserve in the short term,” said Oliver Pursche, senior vice president at Wealthspire Advisors. “Chairman Powell indicated that another rate cut is not a foregone conclusion… The Fed is data dependent.”
Tech giant Nvidia provided a major boost, becoming the first company to reach a $5 trillion market valuation, with shares up 2.7%. Nvidia has gained over 50% this year, driving Wall Street’s AI rally.
By the close, the Dow fell 39.81 points (0.08%) to 47,666.56, the S&P 500 dropped 6.44 points (0.08%) to 6,884.45, and the Nasdaq Composite rose 76.39 points (0.32%) to 23,903.89.
Investors are also watching results from major tech firms due after the bell, including Meta Platforms, Microsoft, and Alphabet, which could influence market direction in the coming days.
Azerbaijan said on Wednesday that it had accepted an invitation from U.S. President Donald Trump to join his 'Board of Peace' for Gaza....
Armenia and Azerbaijan will interconnect their energy systems, enabling mutual electricity imports and exports as part of a wider regional transit ini...
A senior official at the Transportation Security Administration (TSA) said on Wednesday that roughly 6% of U.S. air travellers are not presenting iden...
The United States is placing renewed emphasis on regional partnerships that offer predictability, security cooperation and economic continuity as inst...
A fire alarm prompted the partial evacuation of the Davos Congress Centre on Wednesday evening while Donald Trump was inside the building attending th...
Armenia and Azerbaijan will interconnect their energy systems, enabling mutual electricity imports and exports as part of a wider regional transit initiative, Armenian Prime Minister Nikol Pashinyan said.
A senior official at the Transportation Security Administration (TSA) said on Wednesday that roughly 6% of U.S. air travellers are not presenting identification that meets stricter federal standards, as the agency prepares to start charging passengers without enhanced ID a $45 fee from 1 February.
The United States is placing renewed emphasis on regional partnerships that offer predictability, security cooperation and economic continuity as instability deepens across the Middle East and parts of Eurasia
A fire alarm prompted the partial evacuation of the Davos Congress Centre on Wednesday evening while Donald Trump was inside the building attending the World Economic Forum, Swiss authorities said.
More than 100 vehicles were involved in a massive pileup on Interstate 96 in western Michigan on Monday (19 January), forcing the highway to shut in both directions amid severe winter weather.
Several locally-developed instant messaging applications were reportedly restored in Iran on Tuesday (20 January), partially easing communications restrictions imposed after recent unrest.
There was a common theme in speeches at the World Economic Forum on Tuesday (20 January). China’s Vice-Premier, He Lifeng, warned that "tariffs and trade wars have no winners," while France's Emmanuel Macron, labelled "endless accumulation of new tariffs" from the U.S. "fundamentally unacceptable."
Dozens of beaches along Australia's east coast, including in Sydney, closed on Tuesday (20 January) after four shark attacks in two days, as heavy rains left waters murky and more likely to attract the animals.
U.S. President Donald Trump has linked his push to take control of Greenland to his failure to win the Nobel Peace Prize, as tensions with Europe escalate and the European Union considers retaliatory measures that could reignite a transatlantic trade war.
Argentina’s economic activity fell by 0.3% in November 2025 compared with the same month a year earlier, marking the country’s first monthly contraction of the year, the national statistics agency INDEC said on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
Hong Kong and Shanghai will sign a memorandum of understanding next week to establish a cross-border gold trade clearing system, a move aimed at boosting Hong Kong’s role as an international gold trading hub, Financial Secretary Paul Chan said.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
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