 | | | | Equity and currency volatility shot higher on Wednesday and the cost of sourcing dollars rose, reflecting fears that the U.S. election and resurgent COVID-19 pandemic could tip markets back into the sort of chaos endured earlier this year. | | | | | | A U.S. Senate hearing to reform an internet law and hold tech companies accountable for how they moderate content quickly turned into a political scuffle as lawmakers not only went after the companies but also attacked each other. | | | | | | Gilead Sciences Inc reported a 17% rise in quarterly revenue on Wednesday, helped by sales of its antiviral drug remdesivir, the first and only treatment approved in the United States for patients hospitalized with COVID-19. | | | | | | Visa Inc missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending. | | | | | | Ford Motor Co on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, sending shares up nearly 6% in after-hours trading. | | | | | | Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue. | | | | | | U.S. stocks tumbled on Wednesday, with the Dow closing at lows last seen in late July, as coronavirus cases soared globally and investors worried about the possibility of a contested U.S. presidential election next week. | | | | | | Wall Street's "fear gauge" is on track for its biggest weekly jump since March as investors worried about rising U.S. and European coronavirus cases, the lack of fiscal stimulus and uncertainty about the U.S. presidential election outcome. | | | | | | EBay Inc's quarterly profit topped Wall Street expectations on Wednesday and the e-commerce company forecast fourth-quarter sales above estimates, as people staying at home due to the COVID-19 pandemic took to online shopping. | | | | | | Image-sharing company Pinterest Inc beat Wall Street estimates for third-quarter revenue on Wednesday, helped by a rebound in spending on advertisement by businesses after a deep slump in the early months of the COVID-19 pandemic. | | | | | |
