News Highlights: Top Global Markets News of the Day - Wednesday at 11 PM ET

Tesla's Big Rally Drives the Nasdaq Higher

U.S. stocks have rebounded in recent days, after notching their worst week in more than a year.

Bank of Japan could intervene this week to boost the yen as currency hits 34-year low

The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.

Main Street Banking Model Is Being Squeezed

First-quarter results at regional banks show the uneven toll of higher interest rates.

GDP set to top 2% again, extending hot streak for U.S. economy

The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 - but a wider trade deficit could throw up a roadblock.

America's Economy Is No. 1. That Means Trouble.

Solid growth, big deficits and a strong dollar stir memories of past crises.

South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth

Asia's fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.

Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say

Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations leading up to its April 10 policy decision.

Canada Retail Sales Slip 0.1% in February, Seen Flat in March

The data support expectations that the country's central bank will move to cut interest rates as soon as June.

Hannon's Take: Fed Uncertainty Claims First Central Bank Victim

Bank Indonesia unexpectedly lifted interest rates as it looks to bolster its tumbling currency. It is unlikely to be the last amid a global pivot to the U.S. delaying rate cuts.

U.S. Crude Oil Stockpiles Fall For First Time in Five Weeks

U.S. crude oil stocks fell by 6.4 million barrels last week, in the first withdrawal in five weeks while refineries increased their capacity use