 | | | | Nvidia Corp forecast third-quarter revenue above Wall Street expectations on Wednesday, powered by strength in the company's core market of gamers and an increase in sales to data center customers. | | | | | | President Donald Trump wants to deny China some of the proceeds from the sale of ByteDance's U.S. operations of its video-sharing app TikTok, White House economic adviser Larry Kudlow said on Wednesday, but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury. | | | | | | The dollar and global equity markets rose on Wednesday and the S&P 500 and the Nasdaq hit fresh all-time highs, but Wall Street retreated after the Federal Reserve nixed, for now, dovish monetary policy measures such as yield-curve control. | | | | | | L Brands Inc reported a 63% rise in same-store sales on Wednesday, helped by strong demand for Bath & Body Work's sanitizers and hand creams, sending its shares up about 4% in extended trading. | | | | | | Occidental Petroleum Corp said on Wednesday it will sell some of its Wyoming, Colorado and Utah assets to Orion Mine Finance for about $1.33 billion, as the oil and gas producer looks to cut the debt it took on with its purchase of Anadarko. | | | | | | Facebook Inc Facebook said on Wednesday it had removed nearly 800 QAnon conspiracy groups for posts celebrating violence, showing intent to use weapons, or attracting followers with patterns of violent behavior, expanding its policy on groups that the company believes pose risks to public safety. | | | | | | Wall Street finished lower on Wednesday after the Federal Reserve raised concerns that the U.S. economic recovery from the devastating effects of the pandemic faced a highly uncertain path. | | | | | | The U.S. economy is rebounding "very, very strongly," and fresh federal aid will reach unemployed Americans in the next week or two, White House economic adviser Larry Kudlow said on Wednesday, shaking off concerns about a second wave of COVID infections. | | | | | | (This August 14 story corrects to add Novavax to list of companies the U.S. has vaccine agreements with; updates figures for total U.S. investment) | | | | | | OPEC and its allies pressed oil nations pumping above output targets to cut more in August-September amid fears oil demand recovery was slow while saying it could reach pre-pandemic levels by the year-end. | | | | | |
