 | | | | Shares of Roku Inc surged over 11% on Wednesday after Citi initiated coverage of the streaming video company with a "buy" rating, while Netflix Inc also rallied more than 11% and was on track for its largest one-day gain in three years. | | | | | | A gauge of global equity markets jumped to an all-time peak on Wednesday, after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the Federal Reserve potentially sets a new course on inflation. | | | | | | Facebook Inc on Wednesday warned that privacy changes Apple Inc plans for its forthcoming iPhone operating system will "disproportionately affect" the thousands of developers using a Facebook tool to serve ads in external apps. | | | | | | Hudson's Bay Co, the owner of luxury department store Saks Fifth Avenue, has ditched its plan to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, people familiar with the matter said on Wednesday. | | | | | | Wall Street advanced on Wednesday as upbeat earnings kept investors focused on momentum stocks that have outperformed since the onset of the coronavirus pandemic. | | | | | | U.S. Secretary of State Mike Pompeo on Wednesday renewed criticism of British bank HSBC for its reported treatment of customers linked with the pro-democracy movement in Hong Kong, saying China was "bullying" the United Kingdom. | | | | | | The U.S. government's first oil and gas lease sale in five months kicked off on Wednesday, attracting weaker bidding in New Mexico than auctions that occurred before oil prices crashed during the pandemic, according to results posted on an online auction site. | | | | | | Swedish-Danish SAS said on Wednesday that a growing number of bondholders had indicated they backed the debt to equity conversions needed for the airline to move ahead with recapitalisation plans to see it through the pandemic. | | | | | | Hurricane Laura strengthened on Wednesday as it churned over evacuated oil-production platforms in the U.S. Gulf of Mexico and took aim at the energy industry's refining hub along the Texas/Louisiana coast. | | | | | | Colonial Pipeline, the largest refined products pipeline in the United States, will continue normal operations as Hurricane Laura heads toward the U.S. Gulf Coast, the pipeline company said on Wednesday. | | | | | |
