IBT Staff Reporter

Shares of Robinhood Markets Inc closed up nearly 12% on Wednesday, a day after the commission-free brokerage announced job cuts and posted a smaller-than-expected quarterly loss in an earnings announcement that came a day earlier than scheduled.

Two Republican women - one a critic of Donald Trump and another an outspoken devotee of the former president - awaited election results on Wednesday in Washington state and Arizona primaries that offer further evidence of his grip on the party.

Carmakers are reporting lower demand in Europe and North America amid what analysts say is growing evidence that consumers are balking at higher prices and keeping their cash for necessities.

Telecom Italia (TIM) has trimmed its expected profit drop for 2022 to lift its outlook on the back of its second-quarter results, helped by cost cutting and the contribution from the company's Brazilian subsidiary.

A volcano has erupted on a mountain near Iceland's capital Reykjavik after days of rising earthquake activity in the area, the Icelandic Meteorological Office (IMO) said on Wednesday.

The Dutch government on Wednesday declared a water shortage, following an unusually dry summer with no rain forecast for the coming two weeks.

An Illinois man accused of opening fire on spectators watching an Independence Day parade in a Chicago suburb last month pleaded not guilty on Wednesday to 117 counts connected to the attack, including 21 charges of first-degree murder, the state prosecutor said.

An Illinois man accused of opening fire on spectators watching an Independence Day parade in a Chicago suburb last month was scheduled to be arraigned on Wednesday on 117 counts connected to the attack, including 21 charges of first-degree murder.

The European Medicines Agency (EMA) is recommending Novavax's COVID-19 vaccine carry a warning of the possibility of two types of heart inflammation, an added burden for a shot that has so far failed to win wide uptake.

The European Medicines Agency (EMA) is recommending Novavax's COVID-19 vaccine carry a warning of two types of heart inflammation, based on a small number of reported cases, an added burden for a shot that has failed to win wide uptake.

European banks are hoping the boost to their businesses from higher interest rates will be long-lasting as they navigate the economic fallout of war, soaring inflation, and a looming energy crisis.

Shares of AMTD Digital plunged 40% on Wednesday to snap an eye-popping rally fueled by retail investors this week that briefly took the Hong Kong-based fintech's market value past that of Facebook-owner Meta Platforms.

Shares of AMTD Digital on Wednesday extended an eye-popping rally fueled by retail investors this week that briefly took the Hong Kong-based fintech's market value past that of Facebook-owner Meta Platforms.

Top Iranian and U.S. officials will resume talks in Vienna this week on reviving the 2015 nuclear pact, officials from both countries said on Wednesday, though they played down chances of a breakthrough and placed the onus on each other to compromise.

Nigeria's military will use maximum firepower to uproot the armed groups that are behind mounting insecurity in the country, the airforce said on Wednesday, amid concerns that the situation, if unchecked, could impact a general election in February.

Iraqi activists who demonstrated three years ago against powerful parties and militias that run the country have watched with resentment as those same groups now use street protests to exert political pressure on each other, with impunity.

The head of Greek intelligence told a parliamentary committee his agency had spied on a journalist, two sources present said, in a disclosure that coincides with growing pressure on the government to shed light on the use of surveillance malware.

Turkish inflation stabilises at under 80% in boost to Erdogan

Gold will average $1,745 an ounce in 2023, slightly below current prices, as high interest rates and a strong dollar reduce its appeal, a Reuters poll showed on Wednesday.

Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters poll showed on Wednesday.

Taiwan pledged on Wednesday to step up security against possible disruptions by "overseas forces" including cyber attacks as tensions with China rise following the visit to the self-ruled island by U.S.

India's government on Wednesday withdrew a controversial data protection and privacy bill which was first proposed in 2019 and had alarmed big technology companies such as Facebook and Google, announcing it was working on a new comprehensive law.

India's information technology minister on Wednesday withdrew a data protection bill which was first proposed in 2019 and alarmed big tech companies.

Russia backs Myanmar junta's efforts to 'stabilise' country, hold elections

Wall Street rallied on Wednesday, with strong profit forecasts from PayPal and CVS Health Corp lifting sentiment and helping drive the Nasdaq to its highest level since early May.

Wall Street's major indexes surged on Wednesday, with gains in big technology companies lifting the Nasdaq to near three-month highs as key readings on the services sector and new orders helped calm recession fears.

U.S. stock indexes rose on Wednesday on strong results from PayPal and CVS Health, with investors awaiting services activity data for clues on the health of the economy struggling with soaring inflation and tightening financial conditions.

U.S. stock indexes were set for higher open on Wednesday after two days of declines as focus shifted to services activity data due later in the session for more clues on the health of the economy, while PayPal soared on raising its forecast.

Canada's main stock index rose on Wednesday as geopolitical worries eased after U.S.