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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.

• June 29, 2022 02:17 PM PDT
• Rupam Roy

Economy

US first-quarter GDP revised down to 1.6%

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

• June 29, 2022 11:32 AM PDT
• Mridul Gogoi

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.

• June 29, 2022 08:11 AM PDT
• Mridul Gogoi

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.

• June 29, 2022 07:26 AM PDT
• Versha Jain