Business & Financial News, U.S & International Breaking News


More Top News

Wall Street advances as Fed's Powell soothes inflation worries

Shares on Wall Street rallied on Wednesday, with the Dow hitting a record high, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.

Fed says restoring disrupted Fedwire, other services

The Federal Reserve on Wednesday said it is restoring services disrupted by an "operational error" that resulted in outages for a dozen areas, including check clearing and Fedwire, which handles trillions dollars in transactions daily for the world's biggest banks.


Have a news tip?

Reuters provides several ways to securely and confidentially share information and materials with our journalists.


Signup for our newsletter

Subscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.