Reuters

(Reuters) - U.S. stock index futures fell on Wednesday as downbeat results dragged chip stocks and markets exercised caution ahead of more economic data and the Federal Reserve's interest rate decision later in the day.

Advanced Micro Devices shed 6.3% in premarket trading after its forecast for AI chip sales failed to impress investors, while Super Micro Computer lost 9.1% as the artificial intelligence server maker reported third-quarter revenue... (continue reading...)

By Michael S. Derby

(Reuters) - A growing number of Federal Reserve officials don't see a return to the ultra-low interest rates that prevailed before the COVID-19 pandemic due to everything from ballooning federal deficits to demand for investments in green energy, artificial intelligence and domestic manufacturing.

The U.S. economy has held up remarkably well in the face of the stiffest rate hikes in a generation, with unemployment... (continue reading...)

A look at the day ahead in U.S. and global markets from Mike Dolan

May Day for Wall Street comes with the daunting prospect that the multiple interest rate cuts once expected from the Federal Reserve this year might now just be just one - if any.

Facing another $1.1 trillion in new Treasury debt sales over the coming two quarters, Tuesday's jarring news that U.S. employment cost growth accelerated during the first three months of the year... (continue reading...)

By Brendan Pierson and Jack Queen

(Reuters) - Harvey Weinstein is due to appear in state court in Manhattan on Wednesday for the first time since New York's highest court threw out his 2020 rape conviction last week.

The hearing before Judge Curtis Farber will give prosecutors and Weinstein's lawyers a chance to address the next steps for the former film mogul, which could include a new trial.

"Harvey is looking forward to... (continue reading...)

WASHINGTON (Reuters) - President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institute campus from January 2004 until October 2017.

The Art Institutes was a private-for-profit system of art schools in the United States that faced a host of legal issues and closed last September.

The Education Department found that The Art... (continue reading...)