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Caterpillar cuts profit outlook as China construction sales slump

Wed, Oct 23, 2019

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. ...

Walmart offers holiday deals early to avoid shorter holiday season

Wed, Oct 23, 2019

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. ...

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

Wed, Oct 23, 2019

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. ...

Boeing sees 737 MAX U.S. approval before year-end, shares rise

Wed, Oct 23, 2019

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. ...

Apple, Boeing keep Wall Street afloat, weak earnings stoke growth fears

Wed, Oct 23, 2019

Wall Street was supported by gains in Apple and Boeing shares on Wednesday, though weak earnings from Caterpillar and Texas Instruments raised concerns of an impact from the U.S.-China trade war on global growth. ...

Nasdaq cancels trades in about 50 securities

Wed, Oct 23, 2019

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

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

Wed, Oct 23, 2019

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. ...

Snap drops as Wall Street puts focus on disappointing revenue outlook

Wed, Oct 23, 2019

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. ...

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

Wed, Oct 23, 2019

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. ...

WeWork's Claure warns layoffs are coming

Wed, Oct 23, 2019

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 . ...

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