 | | | | Short-term home rental company Airbnb Inc's quarterly revenue plunged 67% as fewer people traveled due to the COVID-19 pandemic, but its plans for a stock market debut before year's end are still on, Bloomberg reported, citing people familiar with the matter. | | |
| | | Global stocks rose on Wednesday and were poised to end at their highest since February, as investors kept betting on more stimulus in the United States despite doubts, while gold was whipsawed and silver clawed back from a massive drop. | | |
| | | The S&P 500 traded above its record closing high on Wednesday in a broad rally led by tech stocks. | | |
| | | General Motors is offering buyouts to some of its Brazilian workers, a local union said on Wednesday, as the country's No. 1 automaker struggles with the fallout from the coronavirus crisis. | | |
| | | A breakdown in talks between the White House and top Democrats in Congress over how to help tens of millions of Americans suffering in the coronavirus pandemic entered a fifth day on Wednesday, with neither side ready to resume negotiations. | | |
| | | Southwest Airlines Co , Ryanair Holdings Plc and easyJet Plc are the only three airlines whose bonds are still rated investment grade, S&P Global Ratings said, while estimating a drop of up to 70% in global air passenger traffic for 2020. | | |
| | | Viacom and CBS Chairman Emeritus Sumner Redstone, the media mogul who took his father's movie theater chain and built it into an empire that included Paramount Pictures, CBS and MTV, has died at 97, ViacomCBS and National Amusements said on Wednesday. | | |
| | | The U.S. federal budget deficit fell to $63 billion in July, half the amount of a year earlier and down from $864 billion in June, as a delayed July 15 tax payment deadline boosted revenues and coronavirus aid outlays shrank sharply, the U.S. Treasury said on Wednesday. | | |
| | | Twitter Inc rolled out its new long-awaited Application Programming Interface (API) software on Wednesday, nearly a month after the social media company delayed the platform's launch following the hack of several high-profile accounts. | | |
| | | U.S. House Speaker Nancy Pelosi on Wednesday said Democrats and the Trump administration remained far apart regarding any agreement over further economic aid amid the novel coronavirus pandemic, saying Republicans also seemed divided amongst themselves over relief efforts. | | |
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