Facebook Inc beat analysts' estimates for daily active users on Wednesday, but shares fell as operating margins dropped for the world's largest social network after it ramped up spending to improve content and security across its platforms.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a "strong" job market, and giving no sign of any imminent changes in borrowing costs.
Tesla Inc posted fourth-quarter revenue above analysts' estimates on Wednesday as the electric carmaker beat Wall Street estimates for vehicle deliveries.
Tesla Inc investors compiled a list of questions to the company ahead of the electric carmaker's quarterly earnings report on Wednesday, ranging from requests for updates on the company's insurance policy to complaints about questions asked by analysts.
Berkshire Hathaway is selling 31 newspapers, as Warren Buffett backs away from the industry.
PayPal Holdings Inc reported a 13% fall in fourth-quarter profit on Wednesday, as it spent more on acquisitions and technology.
United Parcel Service Inc on Wednesday said it is ordering 10,000 electric delivery trucks from the UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tail pipe pollution.
Alphabet Inc's Google said on Wednesday it is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country.
Wells Fargo & Co filed a mixed shelf offering of as much as $66 billion with the U.S. Securities and Exchanges Commission on Wednesday, and said it would use part of the proceeds to repurchase shares and pay down debt.
The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse "low single-digit billion-dollar" incentive payments to shift existing satellite users, a person familiar with the matter said.
Archer Daniels Midland Co's quarterly profit beat estimates on Wednesday, as the U.S. grain trader's refined products unit benefited from strong global demand for both biodiesel and food oils.
White House economic adviser Larry Kudlow said on Wednesday that he would like the Federal Reserve to be bolder, hours after the U.S. central bank announced it would keep interest rates steady.
Tesla Inc on Wednesday posted the second quarterly profit in a row on record vehicle deliveries and said it would deliver more than 500,000 units this year, as the electric carmaker's shares surged to new highs.
United Parcel Service Inc said it aims to more than double weekend deliveries in 2020 as package carriers look for ways to satisfy the always-on demands of e-commerce customers, including rising rival Amazon.com Inc . The world's biggest online retailer pioneered seven-day delivery in 2013, in partnership with the U.S. Postal Service (USPS), and is now spending billions of dollars to speed up its free shipping.
Microsoft Corp on Wednesday reported fiscal second-quarter revenue and profit that beat Wall Street expectations, a sign that its Azure cloud computing services continues to grow amid a pitched battle with Amazon.com Inc’s cloud unit.