U.S. stocks finished lower on Wednesday, posting back-to-back losses after a slump in technology shares and a jump in U.S. crude oil prices weighed on Wall Street, while investors absorbed news of deflation in China and looked ahead to the U.S. July consumer price index data due Thursday morning.
In One Chart: This chart went viral in response to news that credit-card debt hit $1 trillion
There was a strong response to a chart showing credit-card debt as a percentage of deposits.
: Biden set to announce new restrictions on U.S. investments in Chinese tech: report
The Biden administration is poised to announce Wednesday new restrictions on American investments in China that involve sensitive technologies, according to the New York Times.
Dow Jones Newswires: China’s consumer prices drop for first time in over 2 years
China’s consumer-price index dropped 0.3% from a year earlier in July, after remaining flat in June, the National Bureau of Statistics said
MarketWatch First Take: A ride-share price war is brewing, and it could mean bad news for Lyft
Lyft and Uber may be in the early stages of a price war, and investors in money-losing Lyft especially need to be prepared.
: Amazon reportedly in talks to become anchor investor in Arm’s upcoming IPO
Amazon.com Inc. is in talks to be one of the anchor investors in chip designer Arm Ltd.’s initial public offering, Reuters reported late Tuesday.
Earnings Results: AMC, buoyed by its popcorn push, prepares to launch branded premium gourmet candy
“Premium AMC candies, coming to theaters, are now in the works,” said AMC CEO Adam Aron
Earnings Results: ZipRecruiter stock drops more than 12% as company warns of softer hiring
Job-posting site reports quarterly earnings above expectations but said employers are more reluctant to pay for job ads and the number of job openings has dwindled.
Earnings Results: WeWork flags ‘substantial doubt’ about its ability to stay in business
WeWork disclosed Tuesday that there’s “substantial doubt” about its ability to continue operating, as the company seeks to improve its financial positioning.
Earnings Results: Axon stock surges more than 10% on Taser, AI sales strength
Axon Enterprises Inc. shares rallied in the extended session Tuesday after the Taser, body-camera and safety-device maker topped Wall Street expectations .
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