Facebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy, elections

Facebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy, elections
WASHINGTON (Reuters) – 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. Sporting a suit and tie, Zuckerberg also fended off aggressive questions on... Read More

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

Zuckerberg reassures U.S. Congress on Facebook’s digital currency plans
WASHINGTON (Reuters) – Facebook Inc (FB.O) 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. Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee... Read More

Zuckerberg faces grilling on Facebook’s ambitious digital currency plans

Zuckerberg faces grilling on Facebook’s ambitious digital currency plans
WASHINGTON (Reuters) – Facebook Inc (FB.O) chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg addresses the audience on “the challenges of protecting free speech while combating... Read More

Pound, stocks slip; lawmakers reject Brexit law timetable

Pound, stocks slip; lawmakers reject Brexit law timetable
NEW YORK (Reuters) – Stocks on world markets declined, with the S&P 500 turning lower, and the pound weakened on Tuesday after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify a deal over Britain’s exit from the European Union. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October... Read More

U.S. business borrowing for equipment rises 18% in September: ELFA

U.S. business borrowing for equipment rises 18% in September: ELFA
FILE PHOTO: The engine and drive train are pictured with the body on the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, U.S., August 22, 2019. REUTERS/Harrison McClary (Reuters) – U.S. companies’ borrowing to spend on capital investments rose 18% in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on... Read More

S&P cuts Boeing outlook to ‘negative’ on fresh 737 MAX concerns

S&P cuts Boeing outlook to ‘negative’ on fresh 737 MAX concerns
FILE PHOTO: An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – S&P Global Ratings lowered its outlook for Boeing Co (BA.N) to “negative” from “stable” on Tuesday, after reports that the planemaker may have misled the U.S. Federal Aviation Administration... Read More

S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq

S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq
(Reuters) – 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, but Facebook pressured Nasdaq after the company was hit with an expanded New York-led probe. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October... Read More

Wall Street mixed after corporate earnings reports; Facebook falls

Wall Street mixed after corporate earnings reports; Facebook falls
(Reuters) – 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 trade war, but a decline in shares of Facebook hurt the Nasdaq. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan... Read More