 | | | | The U.S. economy is growing at a robust pace and the labor market is rebounding, signaling it is nearly time for the Federal Reserve to start withdrawing its support, several U.S. central bank officials said on Wednesday. | | | | | | The Dow Jones Industrial Average and S&P 500 closed at record levels on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill. | | | | | | Electric truck maker Lordstown Motors Corp (RIDE.O) on Wednesday said it will begin limited production of its Endurance pickup truck in late September and was evaluating working with other companies. | | | | | | Payments company Marqeta Inc (MQ.O) reported a 76% jump in second-quarter revenue on Wednesday that beat market estimates, as the company benefited from a surge in transactions made through its platform. | | | | | | EBay Inc (EBAY.O) missed Wall Street estimates for quarterly revenue on Wednesday and the e-commerce firm forecast current-quarter sales below estimates, signaling opening up of economies and vaccine rollouts could fade the pandemic-led shopping boom. | | | | | | Bumble Inc (BMBL.O) surpassed quarterly revenue estimates on Wednesday as the online dating platform marked a surge in paid subscribers during the pandemic, sending its shares up 3% in extended trading. | | | | | | The U.S. Justice Department on Wednesday threw its weight behind a proposed rule change that would require banks and other debit card issuers to provide multiple network options to merchants to route online purchases. | | | | | | It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about when to trim the central bank's $120 billion in monthly bond purchases. | | | | | | McDonald's Corp (MCD.N)will require its U.S.-based office workers to be vaccinated against the coronavirus and will delay a return of employees to its offices until at least October, the fast-food giant said on Wednesday. | | | | | | The New York Stock Exchange said on Wednesday it will require anyone accessing its trading floor at 11 Wall Street to be fully vaccinated against the coronavirus as of Sept. 13, according to a memo to the floor community seen by Reuters. | | | | | |
