Reuters

By Stephen Nellis and Arsheeya Bajwa

(Reuters) - Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features.

Qualcomm forecast third-quarter sales and adjusted profit with midpoints of $9.2 billion and $2.25 per share, beating analyst estimates of $9.05 billion and $2.17 per share,... (continue reading...)

By Doyinsola Oladipo

NEW YORK (Reuters) - Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core business of vacation rentals, the company said on Wednesday.

The San Francisco-based company's newest category called "Icons" features 11 global experiences - including concerts and celebrity meet and greets - for free or under $100 to try to attract... (continue reading...)

By Nate Raymond

(Reuters) - A Russian national pleaded guilty on Wednesday to U.S. charges that he lied to the FBI about his participation in an organization that prosecutors said was controlled by sanctioned Russian businessman Konstantin Malofeyev.

Federal prosecutors in Manhattan said Tomas Ianchauskas, a U.S. green card holder who principally resides in Russia, served as the regional leader of the Tsargrad Society, formerly known as... (continue reading...)

NEW YORK (Reuters) - Federal Reserve Chairman Jerome Powell reiterated Wednesday that political considerations around the looming presidential election will not affect the central bank's interest rate decisions.

When it comes to the election, “we’re at peace with it, we know that we’ll do what we think is the right thing," Powell said at his press conference following the latest Federal Open Market Committee meeting. He added there's no evidence... (continue reading...)

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - The Treasury Department said on Wednesday it intends to keep auction sizes steady for U.S. notes and bonds over the next several quarters, in line with expectations, as it announced total refunding of $125 billion for the May to July quarter.

The quarterly refunding is aimed at raising new cash of $17.2 billion from private investors.

It also launched its buyback program, with... (continue reading...)