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President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain

President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain

Coindesk | William Foxley | Oct 25, 2019 Xi Jinping, President of the People’s Republic of China and General Secretary of the Communist Party of China, said the country needs to “seize the opportunity” afforded by blockchain technology. Speaking as part of the 18th collective study of the Political Bureau of the Central Committee on

6 years ago
General Motors strike to cut U.S. October job growth

General Motors strike to cut U.S. October job growth

A strike by General Motors will likely slash at least 46,000 jobs from October's nonfarm payrolls, a Labor Department report showed on Friday.



6 years ago
S&P 500 rises above record closing high on U.S.-China trade report

S&P 500 rises above record closing high on U.S.-China trade report

The S&P 500 on Friday rose above its record closing high after a report that the United States and China were close to finalizing parts of a trade pact.



6 years ago
Verizon earnings beat estimates as cheaper plans attract customers

Verizon earnings beat estimates as cheaper plans attract customers

Verizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as the largest U.S. wireless carrier cut prices of its unlimited plans to pull in more subscribers who pay monthly bills.



6 years ago
MSCI CEO says limiting capital flows to China would be 'devastating'

MSCI CEO says limiting capital flows to China would be 'devastating'

Restricting the flow of U.S. capital to China would have a "devastating" impact on global markets, the head of index provider MSCI Inc told CNBC on Friday.



6 years ago
Mexico expects U.S. Congress to start formal trade deal approval soon

Mexico expects U.S. Congress to start formal trade deal approval soon

Mexico expects U.S. lawmakers to soon begin the process of approving a new trade deal between the two countries and Canada now that President Andres Manuel Lopez Obrador has promised wage increases and funding for labor reforms, a senior Mexican official said on Friday.



6 years ago
United Airlines' plans to sunset 757s depends on 737 MAX timing: COO

United Airlines' plans to sunset 757s depends on 737 MAX timing: COO

United Airlines wants to sunset older Boeing Co 757s "as soon as possible" but the timing will depend on when the Boeing 737 MAX starts flying again, Chief Operating Officer Andrew Nocella told journalists on Friday.



6 years ago
Micron launches new storage drives to challenge Intel in data centers

Micron launches new storage drives to challenge Intel in data centers

(The October 24 story corrects to reflect that Micron's new devices are solid-state drives rather than hard drives with spinning disks.)



6 years ago
S&P 500 rises above record closing high on U.S.-China trade progress

S&P 500 rises above record closing high on U.S.-China trade progress

The S&P 500 on Friday rose above its record closing high after Washington said it was close to finalizing parts of a trade pact with Beijing.



6 years ago
Fisher withdrawals top $3 billion as Texas retirement plan exits

Fisher withdrawals top $3 billion as Texas retirement plan exits

The Employees Retirement System of Texas on Friday announced it would divest $350 million from Fisher Investments. In the last two weeks the firm has lost $3 billion as pensions and firms exit.

6 years ago
Exclusive: Qatar pushes for Deutsche Bank chairman to go - sources

Exclusive: Qatar pushes for Deutsche Bank chairman to go - sources

Qatari investors in Deutsche Bank want the lender's chairman to leave after he botched an attempt to appoint their envoy to the board, people familiar with the matter said.



6 years ago
Fiat Chrysler recalls 108,000 diesel Ram 1500 pickup trucks for coolant leaks

Fiat Chrysler recalls 108,000 diesel Ram 1500 pickup trucks for coolant leaks

Fiat Chrysler Automobiles NV said on Friday it is recalling 108,000 Ram 1500 diesel-powered pickup trucks in the United States for coolant leaks tied to reports of some fires and four minor injuries.



6 years ago
Oil prices edge up, on track for strong weekly gain

Oil prices edge up, on track for strong weekly gain

Oil prices inched up on Friday and were headed for the strongest weekly gains in more than a month as support from falling U.S. crude stocks, optimism over a U.S.-China trade deal and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns.



6 years ago
United wants Azul in Latin American venture with Copa, Avianca

United wants Azul in Latin American venture with Copa, Avianca

United Airlines wants to include Brazil's Azul in its planned tie-up with Copa Holdings and Colombia's Avianca Holdings to create a four-way partnership in Latin America, a senior executive said on Friday.



6 years ago
Verizon beats estimates as it adds more postpaid users

Verizon beats estimates as it adds more postpaid users

Verizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill.



6 years ago