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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 a problem than the world's most powerful supercomputer.



6 years ago

Malaysia’s potential as the fintech hub for the ASEAN region

Labuan IBFC | Oct 18, 2019 Malaysian Digital Economy Corporation Sdn Bhd (“MDEC”) recently announced that Malaysia has the potential to become a digital hub for ASEAN as Malaysia is in a position to spread the growth of the digital economy throughout the region. Likewise, Ernst & Young’s ASEAN FinTech Census 2018 dubbed Malaysia as

6 years ago

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

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.



6 years ago

Sterling steadies as EU considers Brexit request; stocks inch up

World stock indexes edged up on Wednesday, with the S&P 500 boosted by gains in shares of Apple that offset Texas Instruments' disappointing forecast, and the British pound steadied as European Union leaders consider London's request for a Brexit delay.



6 years ago

10 states where child care is devouring millennials' paychecks

There's no financial aid for covering the cost of child care. In these 10 costly states, parents are spending more than a third of their pay on day care, according to Child Care Aware of America.

6 years ago

Wall Street propped up by Apple, Boeing

Wall Street's main indexes were propped up by a rise in shares of Boeing and Apple, but gains were capped as weak earnings from Caterpillar and Texas instruments raised concerns about the impact of the U.S.-China trade war on global growth.



6 years ago

Apple, Boeing lead Wall Street higher

Wall Street edged higher on Wednesday, led by gains in Boeing and Apple shares, even as weak earnings from Caterpillar and Texas Instruments raised concerns about the impact of the U.S.-China trade war on global growth.



6 years ago

Nasdaq cancels trades in about 50 securities

Nasdaq Inc said it canceled trades that spanned a two-minute period before the opening bell on Wednesday which affected about 50 securities.



6 years ago

Bitcoin plunges to five-month low vs dollar after Zuckerberg testimony

Bitcoin's price dropped on Wednesday to its lowest level against the dollar since the middle of May after Facebook Chief Executive Officer Mark Zuckerbeg, in testimony before Congress, expressed doubts about whether the company's cryptocurrency project Libra was going to work.



6 years ago

Snap drops as Wall Street puts focus on disappointing revenue outlook

Shares of Snap Inc fell 6% on Wednesday, as Wall Street focused more on a disappointing revenue outlook than regulators no longer investigating the company over whether it misled investors at the time of its 2017 initial public offering.



6 years ago

Metro Bank reports third-quarter loss, deposit outflows as Chairman exits

Britain's troubled Metro Bank reported a loss for the third quarter, said its chairman Vernon Hill has stepped down two months early, and warned it may have to curb its growth plans as it battles to recover from an accounting scandal.



6 years ago

Software stocks were thought to be a can't miss trade this year, but now they are struggling

A slowing economy is forcing companies to spend less on information technology services, pressuring the high-flying software stocks that rely heavily on corporate dollars.

6 years ago

Boeing is 'hopeful' planes will be part of China trade deal as lack of orders forces production cut

Boeing is monitoring the trade war with China, as tariffs push the company to plan production cuts of its 787 Dreamliner.

6 years ago

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 following a $9.5 billion rescue financing deal with SoftBank Group Corp .



6 years ago

Caterpillar cuts profit outlook as China construction sales slump

Industrial bellwether Caterpillar Inc 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.



6 years ago