St. Louis Federal Reserve President Musalem said another interest-rate increase will likely be needed soon, offering the first glimpse of Fed thinking after this week's decision to hold rates steady.

Intel shares plunged after weak guidance, putting the chipmaker on track for its worst trading day on Wall Street in more than 50 years. The selloff deepened broader investor worry over massive AI spending by Amazon, Intel and other tech giants.

Crypto exchange Binance suffered a security breach affecting an estimated $6.3 billion in assets, with two analytics firms attributing the attack to a North Korea-linked hacking unit. Roughly $3 billion in crypto assets have been frozen as the exchange works to contain the fallout.

The Federal Reserve left its benchmark interest rate unchanged this week, pointing to continued US economic growth despite earlier concerns about a slowdown. Policymakers signaled a cautious, data-dependent approach to any further moves.