Wall Street closes lower as Fed officials project rate hikes for 2023
June 16 - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.The Fed cited an impr
GameStop shares plunged 11% in premarket trading after announcing share sale plan
GameStop plunged 11% in premarket trading.Company Can Sell Up to 3.5 Million Shares and Intends to Use Any Proceeds to Further Accelerate Transformation and Strengthen Balance Sheet。Common Stock will be offered through Jefferies LLC , which is serving as the sales agent. Jefferies may sell Common Stock by any lawful method deemed to be an “at-the-market offering” defined by Rule 415 of the Securities Act of 1933, as amended, including without limitation, sales on any existing trading market. Sal