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.
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, 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.
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 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'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.
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.
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