IBT Staff Reporter

U.S. stocks fell in volatile trade on Wednesday after data showing strength in factory activity raised concerns about aggressive interest rate hikes by the Federal Reserve, sending Treasury yields higher.

U.S. stocks fell in volatile trade on Wednesday after strong factory activity and job openings data stoked concerns that the Federal Reserve would keep raising interest rates sharply this year.

U.S. stocks were in the red on Wednesday as investors bet that the latest economic data would do nothing to push the Federal Reserve off track from its aggressive interest rate hiking cycle aimed at taming run-away inflation.

Wall Street's three major indexes closed lower on Wednesday as investors bet that the latest economic data would do nothing to push the Federal Reserve off track from its aggressive interest rate hiking cycle aimed at taming run-away inflation.

In a bombed-out building, Ukraine investigators take stock

Bill Cosby's civil trial on allegations that he assaulted a woman when she was a teenager in the mid-1970s is scheduled to begin on Wednesday in Santa Monica, California, though the former actor is not planning to attend.

A lawyer for a woman who says she was assaulted by Bill Cosby when she was a teenager in the mid-1970s told a jury on Wednesday that the comedian has a sense of entitlement and invincibility, as opening statements kicked off in a civil case.

A lawyer for a woman who says she was assaulted by Bill Cosby when she was a teenager in the mid-1970s told a jury on Wednesday the comedian has a sense of entitlement and invincibility, as opening statements kicked off in the civil case.

Amazon.com Inc on Wednesday lambasted a bill in Congress barring tech giants from giving preference to their own businesses on their websites, saying it unfairly singles the retailer out while not subjecting rivals to similar regulations.

Big tech has launched a media blitz aimed at derailing one of the most ground-breaking bipartisan bills in the U.S.

The Biden administration will announce on Wednesday more than $2.1 billion in funding to shore up weaknesses in the country's food supply system exposed during the COVID-19 pandemic and the aftermath of the Russian invasion of Ukraine.

The Biden administration announced on Wednesday more than $2.1 billion in funding to shore up weaknesses in the country's food supply system exposed during the COVID-19 pandemic and the aftermath of the Russian invasion of Ukraine.

British manufacturing activity expanded in May at the weakest rate since January 2021, as producers of consumer goods struggled against a worsening cost-of-living crunch, a survey showed on Wednesday.

Shanghai euphoria tempered by deep wound to China's economy

Plunging casino revenues in Macau, the world's largest gambling hub, are taking a heavy toll on the wider economy, forcing hundreds of businesses to close down and pushing unemployment to its highest level since 2009.

Pope Francis appealed to authorities on Wednesday to lift a block on exports of wheat from Ukraine, saying the grain could not be used as a "weapon of war".

Pfizer plans to exit its 32% stake in Haleon, a consumer health joint venture with British drugmaker GSK, after the business lists as an independent company in July, GSK said on Wednesday.

Pfizer plans to sell its 32% stake in Haleon, its consumer health venture with British drugmaker GSK, after the business lists as an independent company in July, GSK said on Wednesday.

Markets may be missing the mix.As financial markets parse monetary policy tea leaves by the hour and remain in thrall to the twists and turns of major central banks, some argue investors are missing the broader economic policy picture shaping the years ahead.

The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors about "green" investments.

Cyprus takes risky bet on casinos

Danes say 'yes' to joining EU common defence policy

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations.

The Bank of Canada opened the door to a more aggressive pace of tightening on Wednesday, saying it was prepared to act "more forcefully" if needed to tame inflation, even as it went ahead with a historic second consecutive 50-basis-point rate increase.

Australia's foreign minister Penny Wong will travel to the Pacific island kingdom of Tonga on Friday, days after her Chinese counterpart visited and discussed Tonga's heavy debts to Beijing, Tonga's government said.

Trans Rohingya refugee fights prejudice with beauty

Speaking from the back of a pickup truck decked out with campaign posters and loudspeakers, veteran politician Son Chhay is determined to convince voters that democracy in Cambodia is not dead.

Singaporeans in a flap at Malaysian chicken export curbs

Mother-of-two Yang Zengdong, 40, is ready to take her family for a long-awaited outing to mark Shanghai's grand re-opening from COVID-19 lockdown on Wednesday.