 | | | | Wall Street's main indexes slid on Wednesday, with the S&P 500 falling over 1%, after the release of minutes from the Federal Reserve's policy meeting last month showed officials felt the employment benchmark for decreasing support for the economy "could be reached this year." | | | | | | Nvidia Corp (NVDA.O) forecast third-quarter revenue above Wall Street expectations on Wednesday as it benefits from a boom in demand for its chips used in data centers and gaming devices. | | | | | | Robinhood Markets Inc (HOOD.O) said on Wednesday lower trading activity was likely to impact its third quarter after reporting a 131% jump in the second-quarter revenue, thanks to a surge in cryptocurrency trading. | | | | | | Cisco Systems Inc (CSCO.O)narrowly beat fourth-quarter revenue estimates on Wednesday, thanks to higher demand for its cybersecurity and teleconferencing products as offices adapted to hybrid work. | | | | | | Wall Street's main indexes dropped on Wednesday after the release of minutes from the Federal Reserve's policy meeting last month showed officials felt the employment benchmark for decreasing support for the economy "could be reached this year." | | | | | | Former Purdue Pharma President Richard Sackler said on Wednesday that his family's reign over the OxyContin maker did not contribute to the national opioid epidemic and downplayed his role in a marketing strategy that prosecutors said led to some unsafe opioid prescriptions. | | | | | | The U.S. Securities and Exchange Commission (SEC) said on Wednesday it has charged three former engineers at Netflix Inc (NFLX.O) with trading on nonpublic information around the company's subscriber growth that generated over $3 million in total profit. | | | | | | The bulk of the Federal Reserve's policy-setting committee is coalescing around a plan that would see the U.S. central bank start trimming its bond-buying program later this year, and reduce purchases of Treasury securities and mortgage-backed securities (MBS) "proportionally" so they end at the same time. | | | | | | An historic benefits package at BHP's (BHP.AX) sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters. | | | | | | Federal Reserve officials felt their employment benchmark for decreasing support for the economy "could be reached this year," but appeared to disagree on other key aspects of where monetary policy should turn next in the transition from the pandemic crisis, according to minutes from last month's policy meeting. | | | | | |
