 | | | | Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices. | | | | | | Chicago Federal Reserve President Charles Evans on Wednesday reiterated that it will take until the middle of next year to complete the Fed's wind-down of its bond-buying program, even as the central bank remains 'mindful' of inflation. | | | | | | The Biden administration has asked some of the world's largest oil consuming nations to consider releasing some of their crude reserves in a coordinated effort to lower prices and stimulate the economic recovery, according to several people familiar with the matter. | | | | | | This cocoa-growing settlement was all but destroyed last year by Ivorian forest agents, leaving farmers to rake through their beans amid broken concrete and other remnants. | | | | | | Nvidia Corp forecast fourth-quarter revenue above analysts' expectations on Wednesday, betting on growth in its data center business as more internet companies set out to invest in artificial intelligence and metaverse. | | | | | | Cisco Systems Inc forecast current-quarter profit below expectations, as supply chain issues including high chip prices pushed up costs at its networking hardware business, sending its shares down 6.3%. | | | | | | Wall Street benchmarks closed down on Wednesday on inflation fears and supply chain concerns, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices. | | | | | | U.S. President Joe Biden's pick to lead one of the country's top banking regulators will focus on ensuring a fair and competitive market in which small and mid-size banks can thrive, according to her prepared congressional testimony released on Wednesday. | | | | | | European stocks notched record closing highs on Wednesday but Wall Street ended the day lower on worries that rising inflation could push the U.S. Federal Reserve to raise interest rates sooner than expected, an outlook that boosted gold. | | | | | | Food delivery company Just Eat Takeaway.com has no plans to sell its U.S. subsidiary Grubhub, the company's chief executive said on Wednesday, but it is actively looking for strategic partnerships for the business. | | | | | |
