President Joe Biden is considering nominating Michigan State University economist Lisa Cook to the Federal Reserve Board, Axios reported late Wednesday. Cook would be the first Black woman on the Fed board.
As Uber Technologies Inc.’s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals.
An executive at Tencent Holdings Ltd., China’s most valuable publicly listed company, has been held by Chinese authorities, part of a probe into a high-profile corruption case involving one of the country’s former top law-enforcement officials, people familiar with the matter said.
Mastercard Inc. said Wednesday that it would begin allowing merchants to accept some cryptocurrencies on its network later this year, marking the latest embrace of digital coins by a traditional payments player.
Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co.
A member of the World Health Organization team that traveled to the Chinese city of Wuhan to investigate the origins of the coronavirus pandemic hit back at criticism of the mission from the U.S. State Department, suggesting the former administration was “disengaged” and out of touch.
U.S. wholesale inventories rose by 0.3% in December as companies worked to increase their stockpile of goods in anticipation of higher sales and a faster economic recovery.
Stocks rise Wednesday, with major benchmarks resuming a march higher after the Dow Jones Industrial Average and the S&P 500 snapped six-day winning streaks.
Savage x Fenty, the lingerie brand designed by pop music star Rihanna, announced Wednesday that it has closed a $115 million Series B fundraising round, led by private-equity firm L Catterton.
Futures for gold rise Wednesday and platinum futures head for the highest level in about six years as investors digest economic reports and assess the prospects for precious and industrial metals amid a recovery from the COVID-19 pandemic.
Oil futures rise Wednesday, looking to extend a winning streak on upbeat expectations about another large round of U.S. government spending and after industry data showed a large drop in crude inventories.
Stock-index futures rise Wednesday, with major benchmarks set to resume a march higher after the Dow Jones Industrial Average and the S&P 500 snapped six-day winning streaks.