Shares of Vroom Inc. rallied more than 12% in after-hours trading Wednesday after the online used-car retailer reported a narrower-than-expected first-quarter loss and sales that came above forecast, saying demand for its online car-buying model remains strong.
The Senate’s top Republican on Wednesday says there is a desire in both parties to make a deal on infrastructure, but stresses after a meeting with President Joe Biden that the GOP will reject tax increases to pay for it.
One Medical’s parent company reported losing more than double the money expected in the first quarter of the year, and shares dropped in late trading Wednesday.
U.S. stock indexes closed sharply lower Wednesday, after a reading on inflation for the year to April climbed 4.2%, the highest rate in about 13 years, reigniting fears that the Federal Reserve may need to dial back its easy-money policies earlier than expected.
Shares of Poshmark Inc. fall more than 12% late Wednesday despite a narrower-than-expected quarterly loss and a 42% sales rise for the secondhand fashion retailer.
The U.S. federal budget deficit widened to a record $1.9 trillion in the first seven months of the fiscal year as the government continued to provide support for the pandemic-ravaged economy.
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 edged closer to 160 million on Wednesday, as an independent panel said the crisis was preventable if world leaders had better coordinated their response and moved faster to limit illness and deaths.
Delivery Hero on Wednesday announced plans to re-enter its home market of Germany next month, less than two years after it sold its operations in the country to Dutch rival Just Eat Takeaway.
Fundstrat Global Advisors’s founder Thomas Lee says market capitulation could be at hand, thanks to a surge in the VIX and a plunge for the NYSE Tick Index.
Gold prices on Wednesday log their first back-to-back retreat so far this month, as a reading of U.S. inflation revealed the biggest monthly increase in 13 years, leading U.S. benchmark stock indexes to extend their decline and providing support for U.S. Treasury yields and the dollar
U.S. stock indexes trade sharply lower early Wednesday, after a reading on inflation for the year to April climbed 4.2%, marking the highest rate in about 13 years, reigniting fears that the Federal Reserve may need to dial back its easy money policies earlier than expected.
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 edged closer to 160 million on Wednesday, as an independent panel said the crisis was preventable if world leaders had better coordinated their response and moved faster to limit illness and deaths.
Lithuania-based Vinted has been valued at €3.5 billion ($4.2 billion) in its latest fundraising round, highlighting growing investor appetite for sustainable fashion.