Asian stocks were set for modest gains on Thursday after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases.
The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal Reserve forecasts indicate, but that divergence is not worrying to the central bank's top official.
Non-fungible tokens (NFTs), a type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album.
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. bond yields spiked ahead of the Federal Reserve's policy statement which could provide hints on whether the central bank would raise interest rates sooner than expected.
Canadian police prioritized demands from the FBI over the rights of Huawei Chief Financial Officer Meng Wanzhou "at nearly every turn" during her investigation and arrest, Meng's lawyers said on Wednesday.
Shares in ViacomCBS and Discovery Inc tumbled on Wednesday, pausing a rally that has seen the stocks soar this year on increased appetite for value names, newly launched streaming services and an unwinding of bearish investor bets.
U.S. automaker Ford Motor said on Wednesday it would allow about 86,000 non-manufacturing global employees the option to move to a hybrid home-and-office model.
