Nasdaq and Hong Kong-listed JD.com announced that Xu Lei will succeed founder Richard Liu as CEO of the company effective immediately. Major stock indexes in the U.S. fell as Fed meeting minutes showed that officials are looking to shrink the balance sheet by $95 billion a month.
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Tech stocks lead indexes lower on Wall Street; eyes on FedStocks fell in morning trading on Wall Street Wednesday and bond yields rose as investors try to estimate how quickly the Federal Reserve will raise interest rates and take other steps to fight inflation
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