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Fed officials suggest US recovery may be stalling

Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic.

Markets

Federal judge throws out GM’s racketeering lawsuit against Fiat Chrysler

A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co had filed against smaller rival Fiat Chrysler Automobiles NV , saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations.

Markets

Nvidia eclipses Intel as most valuable US chipmaker

Nvidia has overtaken Intel for the first time as the most valuable U.S. chipmaker.

Markets

Facebook takes down accounts and pages of Trump ally Roger Stone

Facebook Inc on Wednesday removed 50 personal and professional pages connected to U.S. President Donald Trump's longtime adviser Roger Stone, who is due to report to prison next week.

Markets

Wirecard under criminal scrutiny by US authorities: WSJ

The U.S. Justice Department is examining whether German payment company Wirecard AG played a critical role in an alleged US$100 million bank-fraud conspiracy connected to an online marijuana marketplace, the Wall Street Journal reported on Wednesday.

Markets

US office, apartment vacancy rates rise marginally in second quarter: Reis

U.S. office and apartment vacancy rates rose marginally in the second quarter from a year earlier, as property owners were yet to feel the full impact of the COVID-19 pandemic, according to real estate research firm Reis Inc.

Markets

Wall Street climbs as hopes of economic revival overshadow jump in virus cases

Wall Street's major indexes edged higher in choppy trading on Wednesday, supported by technology shares as early signs of an economic rebound overrode fears of another lockdown due to a jump in coronavirus cases across the country.

Markets

‘Death Cross’ strikes US dollar as COVID-19 cases grow

A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency.

Markets

Tesla’s Musk approaches a US$1.8 billion bonanza

Tesla Inc's blistering stock rally is putting Chief Executive Elon Musk in reach of a payday potentially worth US$1.8 billion, his second jackpot from the electric car maker in about two months.

Markets

Chinese gay dating app BlueCity focused on Asia after IPO

China's biggest gay dating app's owner BlueCity is focused on expanding in Asia, its founder said on Wednesday after it made its Nasdaq debut despite a U.S. securities regulator warning against investments in Chinese firms.

Markets

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