Stocks

Nike’s revenue pinched by supply-chain disruptions

The COVID-19 pandemic has caught up with Nike Inc. The sneaker giant’s revenue growth is being limited by supply-chain disruptions that have slowed the production and delivery of shoes and other goods around the world.

Jerome Powell says Fed to change trading rules for central bank officials

Federal Reserve Chairman Jerome Powell said on Wednesday the U.S. central bank's current rules dictating what its officials are allowed to invest in and trade are "not adequate" and need to be updated after recent disclosures showed that two Fed officials actively traded markets in 2020.

Robinhood crypto wallets confirmed

Robinhood announced Wednesday that a select number of its customers will begin testing crypto wallets for the retail trading platform starting next month.

Stocks finish mixed with Fed meeting on tap

U.S. stock indexes finished mixed on Tuesday with both the Dow Jones Industrial Average and the S&P 500 index slipping into negative territory just before the closing bell as investors took a cautious approach ahead of Wednesday's Fed meeting.