 | | | | President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production and alarmed the White House and members of Congress, administration officials said. | | | | | | GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after recent hearings in the U.S. Congress into the fierce rally and steep dive that upended Wall Street in January. | | | | | | Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries. | | | | | | ViacomCBS Inc kicked off its investor day on Wednesday with a focus on the upcoming rebranding of its CBS All Access streaming service to "Paramount+" - a move designed to capture a larger share of viewers while it pursues selling content to competitors. | | | | | | A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher. | | | | | | Nvidia Corp forecast better-than-expected first-quarter revenue on Wednesday, betting on strong demand for its graphic chips used in gaming devices and data centers. | | | | | | U.S. retail sales could rise as much as 8.2% to more than $4.33 trillion this year as more people get the COVID-19 vaccine and the economy reopens, the National Retail Federation (NRF) said on Wednesday. | | | | | | Futures tracking the Nasdaq 100 index fell 1% on Wednesday, sliding for a seventh straight session as investors swapped growth-oriented technology shares with stocks that stand to gain the most from an economic rebound. | | | | | | Wall Street's "fear gauge" is in a bubble, according to analysts at J.P. Morgan. | | | | | | Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday warned that the stock market bears signs of a bubble, reflecting a "dangerous" mentality among some investors to gamble on stocks as they would horse races. | | | | | |
