Zuckerberg to tell Congress Facebook is ‘not the ideal messenger’ for Libra currency
Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the “ideal messenger” for its Libra cryptocurrency project, given ongoing criticism...
McDonald’s misses profit target as competition delivers breakfast, plant burgers
McDonald’s Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants...
U.S. crude stocks expected to rise for sixth consecutive week: Reuters poll
U.S. crude stockpiles likely rose for the sixth straight week, while refined products stockpiles likely fell last week, an extended Reuters poll showed on Tuesday....
S&P cuts Boeing outlook to ‘negative’ on fresh 737 MAX concerns
S&P Global Ratings lowered its outlook for Boeing Co to “negative” from “stable” on Tuesday, after reports that the planemaker may have misled the U.S....
Boeing texts reveal flawed simulator, not smoking gun: ex-colleagues
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co., former colleagues have defended a former pilot who voiced concerns...
Top pension consultant NEPC questions sustainability of Fisher Investments
Top pension consultant NEPC said it questions the “sustainability” of Fisher Investments, in a memo NEPC sent to its clients and that was provided on...
S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq
The S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports eased concerns over the fallout from the fragile U.S.-China trade relationship,...
Aramco listing was delayed to rope in anchor investors: sources
Oil giant Saudi Aramco’s much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources...
U.S. companies facing worker shortage race to automate
U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins...
Wall Street mixed after corporate earnings reports; Facebook falls
The S&P 500 and Dow Jones indexes rose on Tuesday, lifted by upbeat corporate earnings reports that eased concerns over the fallout from the U.S.-China...