The FOMC on Wednesday released minutes from its July 26-27 meeting, when it raised interest rates by 0.75 percentage point.
The $1.3 trillion fund returned a negative 14.4% during the period, as stocks and bonds reacted violently to global recession fears and skyrocketing inflation.
U.K. inflation rose to another 40-year high in July as spiraling food and energy prices continued to intensify the country's historic squeeze on households.
Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid hit the tech giant.
The Temporary Use Ban is set to come into effect from August 24.
Genesis CEO Michael Moro is leaving and the company is cutting jobs after losing money from loans to bankrupt hedge fund Three Arrows Capital.
Disney and Sony are rereleasing "Rogue One," "Spider-Man: No Way Home" and "Avatar" in domestic theaters in the coming weeks.
Shares of the English soccer club Manchester United Plc briefly rose by as much as 17% in premarket trading on Wednesday.
Nearly all cases are reported in Europe and the Americas among men who have sex with men, according to the WHO.
New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to blame for soaring inflation.
Did you quit your job during the pandemic and now hope to get it back? CNBC Make It finds out the pros and cons of doing so.
Chinese Premier Li Keqiang has called on six provinces to take the lead in supporting the country's growth after July data showed a slowdown across the board.
Commodities have broadly pulled back from their recent peaks, but Wall Street analysts say the fundamentals are pointing to another rally by year-end.
Taiwan Semiconductor Manufacturing Company has limited revenue and manufacturing exposure to mainland China, while dominating the world's advanced chip tech.
It's the first time since the disaster that public support for a nuclear restart is over 60%, said Nobuo Tanaka, citing a possible energy crunch as a reason.
After more than a year of debate, Biden's sweeping infrastructure bill is became law — albeit a significantly smaller version of his Build Back Better plan.
BlackRock says Akaysha has plans to develop energy storage projects in a range of Asia-Pacific markets.
Apple and Meta are developing technology for mixed reality that requires a lot of expensive parts and a powerful headset.
Accessible via ferry or flight, Jersey has nearly 50 miles of coastline, more sunshine than mainland U.K. and plenty for travelers to do in the Channel Islands.
Bed Bath & Beyond jumped as meme stock traders piled in, encouraged by GameStop Chairman Ryan Cohen placing another bet on the struggling retailer.
The first electrified vehicle for Stellantis' Dodge brand will be a plug-in hybrid crossover called the Hornet, a resurrected name of a 1970s station wagon.
Jim Cramer issued a warning to fair-weather bulls on Tuesday's episode of "Mad Money."
Homebuilder cancellation rates have more than doubled since April, according to surveys by John Burns Real Estate Consulting.
A Covid-induced slowdown in the Chinese economy and continued challenges in the domestic gaming market could prove strong headwinds for Tencent.
Karl Thomas said on Tuesday that he's seen a increase in "unsafe" aerial intercepts by Chinese military in the South China Sea region.
The author's "The Satanic Verses" topped several Amazon's bestselling book lists on Tuesday, days after he sustained serious injuries in a stabbing.
The retailer's profits are under pressure, as consumers feel pinched by inflation and buy fewer high-margin items, such as apparel and electronics.
Tencent, which owns 17% of Meituan, is planning to placate domestic regulators and cash in on its eight-year-old investment, Reuters reported.
American Airlines has agreed to purchase 20 supersonic Overture planes from Boom Supersonic, the second firm order for Boom in the last two years.
The first U.S. polio case since 2013 was detected last month. A doctor answers 'Was I vaccinated for polio?' and other urgent questions about the virus.