A U.S. Department of Commerce spokesperson on Thursday said the Biden administration "has not blocked chip sales to the Middle East."

For the first time in over a year, traders are struggling to gauge whether the European Central Bank will raise interest rates at its next meeting, with the outlook blurred by still sticky inflation and a stuttering economy.

Higher global interest rates, difficulties in China, a stronger dollar plus another coup in Africa this week have slammed the brakes on what is still a solid run for emerging market assets this year.

Hormel Foods on Thursday cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and turkey prices and sluggish demand in key market China.

(Refiles to fix spelling in name of Aviva Investors head of rates in paragraph 24, to Hutchings from Hutchinson)

Federal prosecutors are looking into Tesla performance claims after Reuters reported the electric carmaker exaggerated the potential driving distance of its vehicles, the Wall Street Journal reported on Wednesday.