CNBC World News

President Joe Biden on Wednesday said he supports Federal Reserve Chairman Jerome Powell's expected move to begin tightening monetary policy.

The Nasdaq Composite fell again on Wednesday, bringing its decline from its November high to more than 10%.

"My guess is [Putin] will move in, he has to do something," Biden said when asked about the more than 100,000 Russian troops positioned along Ukraine's border.

The masks will start to become available late next week, and the program will be fully up and running by early February, according to an official.

Fauci said younger children will likely need three doses, because two shots did not induce an adequate immune response in children 2- to 4-years-old.

Investors fear Microsoft's planned acquisition of Activision will bring more competition to Sony's PlayStation and take away key games from Sony's platforms.

Disney has formed a new international content group to expand its pipeline in local and regional markets and bolster its global subscriber numbers.

The wave of insider selling started when the stock surged past $80 in the fall of 2020, and gained momentum in 2021 as it held above $100, SEC filings show.

The Chinese government has previously denied any wrongdoing or human rights abuses in Xinjiang.

U.K. Prime Minister Boris Johnson is expected to announce that Covid rules in England will be eased when he makes a statement later Wednesday.

German Chancellor Olaf Scholz said "borders must not be moved by force" in Europe.

Password management app 1Password says it has raised $620 million at a $6.8 billion valuation, making it one of Canada's most valuable tech firms.

"Russia needs to reinvent itself as a modern state," Vsevolod Chentsov, the Ukrainian ambassador to the EU, told CNBC Tuesday.

TikTok owner ByteDance has disbanded its investment department, a company spokesperson told CNBC Wednesday.

Borrowing costs for the German government continued their push higher on Wednesday, with the benchmark 10-year bund yield trading in positive territory for the first time in nearly three years.

In a filing to the Hong Kong exchange, Genting said it will "imminently be unable to pay its debts as they fall due," as its liquidity dries up.

China domestic smartphone shipments jumped 15.9% in 2021, but remained below pre-pandemic levels as the chip shortage and Covid outbreaks held back growth.

Infectious disease experts have warned against complacency with Covid-19, despite health officials claiming infection is practically inevitable for most people.

Rising bond yields could keep a choke hold on tech and growth stocks, as investors bet the Federal Reserve will raise rates four or more times this year.

It will be Microsoft's largest acquisition ever.