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Qualcomm Inc.’s stock soared more than 8% on Wednesday alongside a broader rally in chip names, and it was poised to move higher yet based on aftermarket action.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

The Fed stayed put for now, but many see a rate cut coming in September.

Billionaire investor Bill Ackman’s Pershing Square USA is withdrawing its plans for an initial public offering, according to a statement released on Wednesday, after ratcheting back expectations for the fund’s debut over recent days.

An AWS beat is “expected,” while a miss could stir up questions about the company’s positioning in the cloud, according to an analyst

Shares of SunPower climbed 9.2% Wednesday, with the maker of solar-energy technology buoyed by strong second-quarter results from solar-panel maker First Solar.

A $78 billion tax bill is coming before the Senate this week, with the first procedural vote scheduled for Thursday. Although the bill passed in the House of Representatives in a 357-70 vote in January, experts caution that it may not succeed in the Senate.

A rally in oil futures Wednesday comes as no surprise as violence in the Middle East, including the assassination of a Hamas leader in Iran, raises the potential for a wider war in the oil-rich region, but prices for crude are still set to end the month with a loss.

About 27% of current U.S. Olympic athletes earn less than $15,000 a year

U.S. stocks remained sharply higher Wednesday afternoon after the Federal Reserve, as expected, left rates unchanged but appeared to leave the door open to a cut.

DuPont Inc.’s stock jumped 5% premarket Wednesday, after the chemicals company swept past earnings estimates for the second quarter and raised its guidance.

The Federal Reserve on Wednesday held its benchmark interest rate steady in a range of 5.25% to 5.5%.