 | | | | Uber Technologies Inc (UBER.N) on Wednesday reported widening losses even as trips and deliveries grew as driver incentives hit revenue at the ride-hail and food delivery company. | | | | | | U.S. insurer MetLife Inc (MET.N) blew past Wall Street estimates for second-quarter profit on Wednesday, as solid investment gains cushioned the hit from coronavirus-related claims. | | | | | | Federal Reserve Vice Chair Richard Clarida, a key architect of the U.S. central bank's new policy strategy, said on Wednesday an interest rate hike was likely in 2023 given the surprising pace of the economic recovery from the coronavirus pandemic. | | | | | | Wall Street's main indexes closed mostly lower on Wednesday, with the S&P 500 falling from a record high hit a day earlier as data signaled a sharp slowdown in jobs growth in July, while General Motors tracked its worst day in more than a year despite a record pre-tax profit. | | | | | | The dollar held gains on Wednesday after a quick recovery from an earlier fall as markets chose to focus on a suggestion from a top U.S. Federal Reserve official that the central bank may reduce support for the improving economy more quickly than widely thought. | | | | | | U.S. oil refiner Marathon Petroleum Corp (MPC.N) said it expects to process slightly less crude in the third quarter compared with the second, as the summer driving season comes to an end and the spread of the highly contagious Delta variant of the coronavirus threatens fuel demand recovery. | | | | | | Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in U.S. crude stockpiles, negative U.S. economic report and worries the spread of the coronavirus Delta variant will weigh on global energy demand. | | | | | | India's financial-crime agency has asked Walmart's (WMT.N) Flipkart and its founders to explain why they shouldn't face a penalty of $1.35 billion for alleged violation of foreign investment laws, three sources and an agency official told Reuters. | | | | | | The S&P 500 slipped from a record high on Wednesday as data signaled a sharp slowdown in jobs growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit. | | | | | | Organizers on Wednesday canceled the New York Auto Show that had been set for later this month amid rising COVID-19 cases caused by the more infectious Delta variant of the coronavirus amid rethinking of return to offices schedules. | | | | | |
