U.S. stocks poised for modest gains as earnings roll out, partial shutdown enters 26th day

U.S. stocks were set to see muted action on Wednesday as a partial government shutdown enters its 26th day, and as uncertainty in U.K. politics adds to questions about the stability of European markets. Wall Street, meanwhile, was digesting a fresh batch of earnings from financial institutions, including BlackRock Inc., and Bank of America, among others. Futures for the Dow […]

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Global blockchain unicorn Bitfury launches music business

NEW YORK (Reuters) – Global blockchain company The Bitfury Group, valued recently at $1 billion, announced on Wednesday the launch of a music and entertainment division that will create an open-source music platform secured by the bitcoin blockchain. The open-source platform, named SurroundTM, will encourage collaboration and promote innovation within the industry, the company said. Blockchain, which first emerged as […]

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Chevron, Total and Reliance join oil blockchain platform Vakt

LONDON (Reuters) – Oil majors Chevron (CVX.N) and Total TOTP.PA, along with major Indian refiner Reliance Industries (RELI.NS), have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain pilot schemes for commodities trading to go live. The firm […]

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On the autofarm: China turns to driverless tractors, combines to overhaul agriculture

Xinghua, China (Reuters) – A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future of the nation’s mammoth agricultural sector. The bright green prototype was operating last autumn during a trial of driverless farm equipment […]

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Asia shares subdued, May's Brexit options eyed after crushing vote defeat

TOKYO (Reuters) – Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was off a touch, having swung up on Tuesday after […]

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Netflix boosts Wall Street higher; bank earnings disappoint

(Reuters) – U.S. stocks rose on Tuesday, as hopes of more stimulus for China’s slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo. Netflix Inc (NFLX.O) jumped 6.12 percent after the video streaming service pioneer said it was raising prices for its U.S. subscribers. The price increases, ahead of the […]

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Verizon deepens ties with Apple, offers free Apple Music to some U.S. customers

(Reuters) – Verizon Communications Inc (VZ.N) said on Tuesday it will include free Apple Music subscriptions in some of its top-tier U.S. data plans, deepening its ties with the iPhone maker. Apple Inc (AAPL.O) is increasingly turning for growth to its services segment, which includes businesses such as iCloud storage, Apple Music and the App Store, and has been partnering […]

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Ralph Winter office to invest $300 million in Medici U.S. shared housing

NEW YORK (Reuters) – Medici Living Group said on Tuesday the family office of German real estate investor Ralph Winter has agreed to invest $300 million over three years to develop 1,300 U.S. units of Medici’s Quarters brand of shared housing for young professionals. The initiative, which Medici Living said will make Quarters one of the top U.S. shared-living operators, […]

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U.S. charges suspected hacker, traders over SEC database hack

(Reuters) – U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with involvement in a scheme to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database. The charges against 10 defendants, including two charged criminally, relate to a suspected 2016 hacking into Edgar, the SEC’s corporate filing system used by […]

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