 | | | | Bank of America Corp told workers on Wednesday it will donate $100 to local food banks for every one of its employees who gets a COVID-19 vaccine booster shot and notifies the bank before Jan. 31, according to a memo seen by Reuters. | | | | | | Hasbro Inc said on Wednesday Chris Cocks has been appointed as its chief executive officer, succeeding interim CEO Rich Stoddart from Feb. 25. | | | | | | U.S. stocks ended down sharply on Wednesday after U.S. Federal Reserve meeting minutes signaled the central bank may have to raise interest rates sooner than expected. | | | | | | The dollar fell on Wednesday but pared losses after minutes released from the Federal Reserve's December meeting showed the U.S. central bank may need to act more quickly in hiking interest rates to combat inflation. | | | | | | Walmart Inc will now provide up to one week of paid time-off if a worker contracts COVID-19, instead of its earlier policy for up to two weeks, according to a memo seen by Reuters. | | | | | | U.S. stocks slid and Treasury yields jumped on Wednesday after meeting minutes released by the Federal Reserve indicated that it might not only raise interest rates sooner than expected but could also reduce its overall asset holdings to tame high inflation. | | | | | | The S&P 500 and Nasdaq added to losses while the Dow turned lower on Wednesday after minutes from the last U.S. Federal Reserve meeting showed officials said the central bank may need to raise interest rates sooner than expected and reduce asset holdings quickly. | | | | | | The Dow hit a record high on Wednesday as investors swapped technology stocks for economy-linked cyclicals that stand to benefit from a high interest rate environment, ahead of minutes from the Federal Reserve's December meeting. | | | | | | Nike Inc on Wednesday filed a lawsuit accusing Lululemon Athletica Inc of patent infringement for making and selling the Mirror Home Gym and related mobile apps without authorization. | | | | | | A "very tight" job market and unabated inflation might require the Federal Reserve to raise interest rates sooner than expected and begin reducing its overall asset holdings as a second brake on the economy, U.S. central bank policymakers said in their meeting last month. | | | | | |
