Fed’s Beige Book Shows Weaker Consumer Is Weighing on Sales

US economic activity increased at a slight to moderate pace across most regions in recent weeks, though a growing number reported flat or declining activity, the Federal Reserve said. In its Beige Book survey of regional business contacts, released Wednesday, the US...

Panic Sweeps Korean Stocks in Biggest One-Day Crash on Record

Panic swept through South Korea’s trading floors as concerns over the Middle East conflict sent the world’s hottest stock market to its biggest-ever selloff. The Kospi Index plunged 12% — following a 7.2% drop on Tuesday — as heavyweights Samsung Electronics Co., SK...

Emerging Currencies See Worst Day Since 2024 on Middle East Risk

An index tracking emerging-market currencies closed for its worst session since November 2024 as the dollar jumped and traders dumped risk assets amid risks of a prolonged military conflict in the Middle East. An MSCI total return gauge of developing nation currencies...