Business & Finance News
Alphabet Inc’s Google said on Wednesday it had achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today’s most powerful supercomputer thousands of years to crack.
World stock indexes climbed on Wednesday as investors brushed aside some earnings disappointments, while the British pound inched up as European Union leaders delayed a decision on whether to grant Britain a three-month Brexit extension.
U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc , though a lower-than-expected revenue outlook from Texas Instruments Inc sent chipmakers’ shares lower.
WeWork’s new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company’s founder Adam Neumann and said there is now “zero risk of the company going bankrupt,” according to an audio recording of a meeting he held with employees that was reviewed by Reuters.
U.S. stocks edged higher on Wednesday as investors looked past lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc , though a lower-than-expected revenue outlook from Texas Instruments Inc sent chipmakers’ shares lower.
The Federal Aviation Administration (FAA) must work to restore “public confidence” in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation Department’s inspector general said Wednesday in a report seen by Reuters.
The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc pushed down semiconductor stocks and the departure of Nike Inc’s chief executive weighed on the company’s shares.
Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts.
Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people.
Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put in place by top shareholder Japan’s SoftBank Group after it took control of the company this week, Financial Times reported on Wednesday.
Alphabet Inc’s Google said on Wednesday it achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today’s most powerful supercomputer thousands of years to crack.
About 40% of adult Americans drivers are leaning more to buying self-driving cars in the future as they look to snack, chat on their phone or catch up on email while the car drives itself, a survey by Adobe Analytics showed on Wednesday.
Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support.
Walmart Inc 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 said on Wednesday.
Boeing Co said on Wednesday it still expects U.S. regulatory approval for its grounded 737 MAX in the fourth quarter, sending its shares higher despite a slump in quarterly profit.
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