(Reuters) -EBay Inc on Wednesday became the latest e-commerce retailer to give a gloomy revenue forecast as growth slows after two years of rapid expansion during the pandemic, sending its shares down 6% in extended trading.

NYSE-parent Intercontinental Exchange said on Wednesday it would acquire Black Knight in a cash-and-stock deal that values the software and data analytics firm at $13.1 billion.

U.S. stocks rallied and Treasury yields fell on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance sheet in June in a decision seen as less hawkish than some feared.

The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.

EBay Inc on Wednesday forecast second-quarter revenue below market estimates, a sign that declining consumer spending and intense competition from rivals like Amazon.com Inc would hit its business.

So far, at least, "Nickel King" Vladimir Potanin is Russia's ultimate survivor.