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US indices close mixed after Powell's comment; BBBY, CCL decline
Market Updates

US indices close mixed after Powell's comment; BBBY, CCL decline

The US stocks end mixed after Jerome Powell reiterated that the US economy is strong enough to tackle the interest rate hikes.

US first-quarter GDP revised down to 1.6%
Economy

US first-quarter GDP revised down to 1.6%

According to government data published on Wednesday, the US economy contracted more than estimated.

South Korea's LGES reconsiders US$1.3 bn Arizona plant investment
World News

South Korea's LGES reconsiders US$1.3 bn Arizona plant investment

LGES, a S. Korean company backtracks its investment plan for plant in Arizona.

2U, Inc. (TWOU) stock rises 21% on Byju’s US$1-bn buyout offer
Consumer Stocks

2U, Inc. (TWOU) stock rises 21% on Byju’s US$1-bn buyout offer

Maryland-based 2U, Inc. (TWOU) stock surged on Wednesday after Byju's offer.