Workplace messaging app Slack Technologies Inc said it was working to fix an error in the direct-messaging feature it introduced earlier on Wednesday, which could have lead to online harassment.
(Reuters) -Intel Corp will greatly expand its advanced chip manufacturing capacity as the new chief executive announced plans to spend as much as $20 billion to build two factories in Arizona and open its factories to outside customers.
Treasury Secretary Janet Yellen said on Wednesday it is important to "look carefully" at systemic risks posed by asset managers, including BlackRock Inc, but said designating them as systematically important financial institutions may not be the right approach.
The S&P 500 closed lower on Wednesday as optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen was unable to halt a decline in technology shares for a second straight day.
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.
The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.
NEW YORK (Reuters) -Global equities dipped and the dollar hovered near four-month highs on Wednesday as concerns about extended economic lockdowns in Europe and the potential for higher taxes in the United States weighed on investor sentiment.
Fourteen U.S. states including Louisiana and Wyoming filed lawsuits on Wednesday against President Joe Biden's administration, challenging his pause on new oil and gas leasing on federal lands and waters.
Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.
Analysts poured over the details Wednesday of Intel's $20 billion revival plan as it looks to regain momentum and take back market share from Asian semiconductor rivals. Conway G. Gittens has more.
General Motors extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector. Fred Katayama reports.
Sponsored by IBM: IBM Security Solutions
Explore the cybersecurity solutions behind the shield to help you put security everywhere
