Retail traders chalked one up versus Wall Street as hedge funds took heavy losses on short positions in GameStop. Regulators and financial professionals called for more scrutiny of trading fueled by anonymous social media posts.
Business & Financial News, U.S & International Breaking News
Fed still in crisis-fighting mode as recovery appears to moderate
The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its monthly bond purchases, pledging again to keep those economic pillars in place until there is a full rebound from the pandemic-triggered recession.
New Zealand, Taiwan top COVID performance ranking, U.S., UK languish
New Zealand, Vietnam and Taiwan rank the top three in a COVID Performance Index of almost 100 countries for their successful handling of the coronavirus pandemic, with Britain and America near the bottom of the pile.
White House vows to protect U.S. telecoms network from Huawei security threat
The Biden administration will work to safeguard American telecoms networks from "untrusted vendors" like Huawei Technologies Co Ltd that threaten national security, the White House said on Wednesday, offering some insight into its plans for China's top telecoms equipment company, long in Washington's crosshairs.
Police detain brother of jailed Kremlin critic and search properties, say Navalny allies
Police in Moscow detained Oleg Navalny, the brother of jailed Kremlin critic Alexei Navalny, and searched the homes of the opposition politician's associates and other properties linked to him, his allies said.
Poland puts into effect new restrictions on abortion
Poland's government put into effect on Wednesday a constitutional court decision banning terminations of pregnancies with foetal defects, as conservative policies increasingly take root in one of Europe's most devout Catholic countries.
U.S. comedy legend Cloris Leachman dies at 94
American actress Cloris Leachman, who won eight Emmys for her work on "The Mary Tyler Moore Show" and other television programs as well as an Academy Award for "The Last Picture Show," died on Wednesday at the age of 94, her representatives said.
Have a news tip?
Reuters provides several ways to securely and confidentially share information and materials with our journalists.LEARN MORE ››