 | | | | MGM Resorts International posted a quarterly loss compared with a year-ago profit on Wednesday, as COVID-19 travel restrictions dented business for the casino operator. | | | | | | The S&P 500 and the Nasdaq ended slightly lower on Wednesday dragged down by financial shares and the continuing sell-off in some big tech stocks even as energy shares rose. | | | | | | The White House said on Wednesday it has an ongoing review of the risks TikTok may present to U.S. data but stressed it has taken no new "proactive step" related to a pending plan for the Chinese-owned company's American operations to be acquired by U.S. investors. | | | | | | There is not a specific timetable for the Biden administration's review of TikTok and other issues related to Chinese technology companies, and there are no proactive new steps being enacted now, the White House said on Wednesday. | | | | | | Zynga Inc on Wednesday forecast annual net bookings above Wall Street estimates, betting on the launch of its upcoming "FarmVille" game and strong in-game spending in its existing titles such as "Harry Potter: Puzzles & Spells." | | | | | | Uber Technologies Inc on Wednesday said revenue at its ride-hail and delivery businesses increased on a quarterly basis and said it was well on track to achieve its target for an adjusted profit by year-end. | | | | | | The chief executives of major U.S. airlines are scheduled to meet virtually on Friday with the White House's COVID-19 response coordinator to discuss a number of travel-related issues, three people briefed on the matter told Reuters on Wednesday. | | | | | | The S&P 500 rose briefly Wednesday after Federal Reserve Chair Jerome Powell called for a more comprehensive approach to end the jobs crisis, while Treasury yields tumbled as U.S. data showed inflation stayed benign in January. | | | | | | A former senior executive at private equity firm TPG Capital pleaded guilty on Wednesday to participating in a vast U.S. college admissions fraud scheme by paying $50,000 to rig his son's college entrance exam results. | | | | | | Interest from retail investors appeared to lift cannabis stocks broadly higher on Wednesday, signaling that the recent trading frenzy behind Reddit favorites such as GameStop is shifting to other companies. | | | | | |
