Shares of Roku Inc surged over 11 per cent on Wednesday (Aug 26) after Citi initiated coverage of the streaming video company with a "buy" rating, while Netflix Inc also rallied more than 11 per cent and was on track for its largest one-day gain in three years.
Hudson's Bay Co, the owner of luxury department store Saks Fifth Avenue, has ditched its plan to raise up to US$900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, people familiar with the matter said on Wednesday.
North Korean hackers are tapping into banks around the globe to make fraudulent money transfers and cause ATMs to spit out cash, the U.S. government warned on Wednesday.
China's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
Hurricane Laura strengthened on Wednesday as it churned over evacuated oil-production platforms in the U.S. Gulf of Mexico and took aim at the energy industry's refining hub along the Texas/Louisiana coast.
Epic Games said on Wednesday (Aug 26) it will not remove a direct payment feature it enabled on Apple Inc devices recently, a move that would mean iPhone users will not receive the latest version of the popular video game 'Fortnite'.
Facebook Inc outlined some changes on Wednesday that might affect advertisers as thousands of iPhone users are expected to upgrade to Apple Inc's upcoming operating system.
New orders for key US-made capital goods increased in July, though the pace slowed from June's robust gain, suggesting the rebound in business investment would be gradual amid uncertainty about the course of the COVID-19 pandemic.
Pilots from Boeing Co and Transport Canada were set to take off later on Wednesday morning on a flight test of the 737 MAX jetliner, grounded worldwide after two fatal crashes, according to one industry source and FlightAware data.
Epic Games said on Wednesday it will not comply with Apple Inc's request to remove the "Fortnite" maker's in-app payment feature from the game on App Store.
