Federal Reserve Chairman Jerome Powell said the central bank doesn’t “need to be in a hurry” to cut interest rates. Testifying in the Senate yesterday, told the Banking Committee: “With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance.” Meanwhile, the policy-sensitive 2-year US Treasury yield ticked up yesterday but remains in a middling range compared with recent history.

US tariffs are an “evolving story” and it is too early to assess their impact on the world economy, said International Monetary Fund Managing Director Kristalina Georgieva. “What we have are elements of trade policy that we expected would come, that was announced in the election campaign, but there are many, many unknowns”, she told the World Government Summit in Dubai.

The Securities and Exchange Commission will no longer defend a year-old rule requiring publicly held companies to disclose climate-related risks and, in some cases, details of their emissions. “The Rule is deeply flawed and could inflict significant harm on the capital markets and our economy,” acting SEC Chair Mark Uyeda said in a statement.

Thomson Reuters wins the first major AI copyright case in the US. The US District Court of Delaware judge ruled that the legal AI startup Ross Intelligence infringed on copyright by reproducing materials from the legal research firm Westlaw.

Cloud computing and software stocks are among the tech winners since the DeepSeek selloff on Jan. 27, advises a note from TMC Research, a unit of The Milwaukee Co., a wealth manager. Semiconductor shares and the average performance for the so-called Magnificent-7 tech stocks, by contrast, continue to post losses since markets focused on the achievements of DeepSeek, a Chinese AI firm that claims to have developed a large language model – the engine behind many AI systems – with a small fraction of the computing power used by top US firms in the field.