 | | | | President Joe Biden said on Wednesday that the chief executives of major U.S. retailers had assured him that store shelves would be stocked in time for the holidays. | | | | | | Wall Street closed sharply lower on Wednesday as surging consumer prices curbed investor risk appetite, and stoked worries of a protracted wave of red hot inflation. | | | | | | Walt Disney Co on Wednesday missed Wall Street earnings projections as it reported the smallest quarterly gain in Disney+ subscribers since the company dove into the streaming video market two years ago to compete with Netflix Inc . | | | | | | An American unit of Groupe Lactalis received U.S. antitrust approval to buy Kraft Heinz Co's U.S. natural cheese business on condition the companies divest Kraft Heinz's feta and ricotta businesses, the Justice Department said in a statement on Wednesday. | | | | | | Bumble Inc exceeded market estimates for third-quarter revenue on Wednesday, as more people logged into its dating apps to find connections after this year's economic reopening. | | | | | | Star stock picker and noted Tesla Inc bull Cathie Wood of ARK Invest does not appear to be buying the dip in shares of the electric car maker, which have fallen around 13% this week in anticipation of selling by co-founder Elon Musk. | | | | | | Beyond Meat Inc forecast fourth-quarter revenue below estimates after its results missed expectations on Wednesday, as demand from grocery stores that sell its plant-based meat products weakened, driving its shares down 16% in extended trading. | | | | | | U.S. cannabis producer Green Thumb Industries Inc's third-quarter revenue surged nearly 49% to beat estimates on Wednesday, thanks to more distribution channels and higher traffic at its retail stores. | | | | | | Wall Street ended the session in negative territory on Wednesday as investor risk appetitive was curbed by surging consumer prices, which stoked worries of a protracted wave of hot inflation. | | | | | | The Biden administration is getting traction with China in talks over Beijing's compliance with a Trump-era trade deal, U.S. Trade Representative Katherine Tai said on Wednesday, but she declined to predict an outcome while discussions continue. | | | | | |
