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Zuckerberg reassures U.S. Congress on Facebook’s digital currency plans

2 hours ago NAMEX Comments Off on Zuckerberg reassures U.S. Congress on Facebook’s digital currency plans
WASHINGTON (Reuters) – Facebook Inc CEO Mark Zuckerberg sought to reassure skeptical U.S. lawmakers on Wednesday that the company’s planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system. Appearing in a suit and tie before the U.S. Read More

Walmart offers holiday deals early to avoid shorter holiday season

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FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo WASHINGTON (Reuters) – Walmart Inc (WMT.N) will offer online holiday deals a few days earlier this year in order to minimize the impact from a shorter selling period between Thanksgiving and Christmas, the retailer Read More

Caterpillar cuts profit outlook as China construction sales slump

2 hours ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

Google claims ‘quantum supremacy’; others say hold on a qubit

6 hours ago NAMEX Comments Off on Google claims ‘quantum supremacy’; others say hold on a qubit
BERLIN (Reuters) – Google (GOOGL.O) said on Wednesday it had achieved a breakthrough in computer research, by solving a complex problem in minutes with a so-called quantum computer that would take today’s most powerful supercomputer thousands of years to crack. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland Read More

Google claims ‘quantum supremacy’; others say hold on a qubit

6 hours ago NAMEX Comments Off on Google claims ‘quantum supremacy’; others say hold on a qubit
BERLIN (Reuters) – Google (GOOGL.O) said on Wednesday it had achieved a breakthrough in computer research, by solving a complex problem in minutes with a so-called quantum computer that would take today’s most powerful supercomputer thousands of years to crack. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland Read More

Boeing profit slumps 53% as MAX grounding takes heavy toll

6 hours ago NAMEX Comments Off on Boeing profit slumps 53% as MAX grounding takes heavy toll
(Reuters) – Boeing Co (BA.N) cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo on Wednesday, piling new pressures on a rejigged senior management team as the continued safety grounding of its 737 MAX sliced third quarter profits. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes Read More

Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint

6 hours ago NAMEX Comments Off on Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint
(Reuters) – Wall Street headed for a flat open on Wednesday, after earnings from industrial bellwether Caterpillar and chip major Texas Instruments kept investors on edge over the fallout from the U.S.-China trade war. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan Read More

Zuckerberg faces grilling on Facebook’s ambitious digital currency plans

9 hours ago NAMEX Comments Off on Zuckerberg faces grilling on Facebook’s ambitious digital currency plans
WASHINGTON (Reuters) – Facebook Inc (FB.O) chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg addresses the audience on “the challenges of Read More

Brewer Heineken tempers profit hopes as Americas slip

9 hours ago NAMEX Comments Off on Brewer Heineken tempers profit hopes as Americas slip
BRUSSELS (Reuters) – Heineken (HEIN.AS), the world’s second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after an unexpected dip in third-quarter sales in the Americas partly offset strong growth in Asia. FILE PHOTO: Glasses of Heineken beer are seen at a restaurant in Hanoi, Vietnam May 30, Read More

Health insurer Anthem profit beats, raises 2019 earnings forecast

9 hours ago NAMEX Comments Off on Health insurer Anthem profit beats, raises 2019 earnings forecast
FILE PHOTO: The logo for health insurance provider, Anthem, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid (Reuters) – Anthem Inc (ANTM.N) reported a better-than-expected quarterly profit on Wednesday as it benefited from higher sales of its government-backed health Read More