October 23, 2019

Microsoft forecasts cloud sales above expectations

Microsoft Corp on Wednesday forecast sales for its cloud computing services that topped analysts’ estimates, even as quarterly growth slows for its Azure business. Powered by […]
October 23, 2019

Tesla shares soar 21% as surprise profit answers skeptics

Tesla Inc on Wednesday surprised investors by posting a profitable third quarter, boosted by record deliveries, cost cuts and improved production schedules for its new electric […]
October 23, 2019

Global stocks rise despite lackluster results; sterling creeps up as EU delays Brexit decision

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 […]
October 23, 2019

Wall Street ticks higher, but chip stocks tumble

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 […]
October 23, 2019

Google unveils computer with ‘quantum supremacy’, rivals say wait a qubit

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 […]
October 23, 2019

Explainer: Google hails ‘quantum supremacy’, but don’t chuck out your PC just yet

Researchers at Google say they have achieved ‘quantum supremacy’, in which a computer harnessing the properties of sub-atomic particles did a far better job of solving […]
October 23, 2019

WeWork’s Claure warns layoffs are coming

WeWork’s new executive chairman Marcelo Claure wrote in a memo to employees on Wednesday that layoffs were in the works at the U.S. office-space sharing start-up […]
October 23, 2019

WeWork’s new chairman defends payouts to founder, says company will survive

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 […]
October 23, 2019

Exclusive: U.S. FAA must restore ‘public confidence’ in plane certification – inspector general

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 […]
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