The U.S. economy is expanding at a 4.4 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday, following the latest data on trade and auto sales.
The Nasdaq tumbled on Wednesday, on pace for its biggest one-day drop in three weeks, as investors sold off technology stocks on concerns stemming from U.S. lawmakers grilling Twitter and Facebook executives over foreign efforts to tilt U.S. politics.
Executives from Facebook Inc and Twitter Inc faced threats of legislative action from skeptical U.S. lawmakers on Wednesday over what many members of Congress see as a failure to combat foreign efforts to influence U.S. politics.
The Justice Department said on Wednesday that it had met with state attorneys general to discuss concerns that social media platforms were “intentionally stifling the free exchange of ideas.”
Don’t mess with U.S. Senator Marco Rubio.
The U.S. Senate voted 85 to 14 on Wednesday to confirm Elad Roisman, President Donald Trump’s pick as commissioner to fill the vacant Republican seat atop Wall Street’s securities regulator.
Executives from Facebook Inc and Twitter Inc defended their companies to skeptical U.S. lawmakers on Wednesday over what many members of Congress see as a failure to combat continuing foreign efforts to influence U.S. politics.
Chinese billionaire Wang Jianlin’s real estate-to-media conglomerate Dalian Wanda Group is exploring a deal to cut its stake in AMC Entertainment Holdings Inc, the world’s largest cinema operator, people familiar with the matter said.
The United States and Canada reopened talks on Wednesday in a bid to salvage the North American Free Trade Agreement amid a threat by President Donald Trump to proceed alone with a new pact with Mexico.
The Nasdaq sank more than 1 percent on Wednesday, with social media companies leading technology stocks lower as Twitter and Facebook executives faced U.S. Congress over what lawmakers see as a failure to combat foreign efforts to influence U.S. politics.
American International Group Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities.
The U.S. trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could embolden the Trump administration to aggressively pursue its “America First” agenda.
U.S. oil producer ConocoPhillips is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country’s state-run PDVSA, Chief Executive Ryan Lance said on Wednesday.
Stock markets around the world fell on Wednesday and declines in emerging markets accelerated as a deadline in the U.S.-China trade conflict loomed and U.S.-Canada trade talks were due to resume.
Shares of Facebook Inc and Twitter Inc fell on Wednesday as their top executives testified before the U.S. Congress, defending the companies against what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.
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