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As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
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China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
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U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
Editor's Note: Combining his passions for the markets, humor and food, "What's cookin' with Kenny Polcari" is a blog published twice weekly on CNBC.com. With more than 30 years of experience on Wall Street, Polcari provides insight and analysis on the markets as well as a recipe du jour. Buon Appetito!
Cacciatore is Italian for "The Hunter." And investors hunted for opportunity Wednesday causing the Dow to jump 135 points led by news that IBM was selling its customer care outsourcing business. The also enjoyed another up day while Nasdaq struggled as traders and investors showed some disappointment over Apple's presentation, but Facebook's move countered a larger selloff in that index.
What is glaringly obvious is the resiliency of the broader market as it continues to "climb that wall of worry." But as it does, we must eat and Chicken Cacciatore over Fusilli is the perfect dish I mean—there are still so many issues on the table causing angst and dinner should not be one of them.
We might as well eat well as the market chooses to discount the macro data. I mean what has really changed? Has the economy gotten that much stronger? Are U.S. macro data points really supporting recent market action or is it more about reduced geopolitical risks and a benign Federal Reserve policy announcement?
(Read more: Next crisis would be a 'bad bellyache': AIG chief)