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US sharemarkets tumbled on Tuesday as investors weighed US economic data showing rising labour costs and deteriorating consumer confidence on the eve of a key US Federal Reserve policy meeting to decide the direction of interest rates. Rising US bond yield

US sharemarkets rose on Wednesday after a sell-off in the prior session on a hot inflation report. Nvidia briefly overtook Alphabet's market capitalisation, days before the poster child of AI boom is due to report its fourth quarter results. Nvidia's share