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  • Business
    Business Insider

    Mega-cap stocks are overvalued and risk a big correction, according to a CIO. Here's why that presents a 'monstrous' buying opportunity.

    The bubble in the market's most-hyped stocks could burst, but that means the rest of the market stands to gain, Richard Bernstein said.

  • Business
    Reuters

    Currency market steadies ahead of US inflation test, Fed decision

    The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market players awaited key U.S. inflation data and the Federal Reserve's updated interest rate projections due later in the day. Investors will have a chance to assess the inflation situation when U.S. Consumer Price Index numbers are released at 1830 GMT on Wednesday, just hours before the Fed concludes its two-day policy meeting. Economists polled by Reuters expect headline consumer price inflation to ease to 0.1% from 0.3% last month, and core price inflation to remain steady on the month at 0.3%.

  • Business
    Bloomberg

    Asian Stocks Slip With US CPI, Fed in Focus: Markets Wrap

    (Bloomberg) -- Asian stocks shrugged off a positive US session and opened lower as a double-whammy of US inflation data and the Federal Reserve decision landing later in the day kept traders on edge. Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Musk to Ban Apple Devices If OpenAI Is Integrated Into OSDozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesStocks Rise as Solid Treasury Sale S