CNBC Daily Open: Markets reel as Fed holds rates steady and Iran hits a key Qatar gas hub [CNBC]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: CNBC
Fed holds rates steady, amid higher-than-expected inflation readings and uncertainty from the Iran war. Fed Chair Jerome Powell says he won't step down unless his nominated successor, Kevin Warsh, is confirmed by May. Iran missile attack inflicts ‘extensive damage' on Qatar's Ras Laffan natural gas facility, threatening energy supply disruptions. Trump waives the Jones Act for 60 days to ease U.S. shipping. Micron crushes Q2 estimates with revenue nearly tripling on AI-driven memory demand. China is pushing rapid adoption of OpenClaw AI across demographics. Hello, this is Dylan writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. U.S. markets saw sharp declines on Wednesday, as inflation data and Fed signals added to market distress over Iran. There were some bullish AI signs, however. What you need to know today The Dow Jones Industrial Average on Wednesday fell more than 750 points to hit a new low for the year, with the index on pace fo
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