Gadgets & Tech Headlines
PayPal tops Wall Street estimates on higher customer traffic, shares rally
(Reuters) - PayPal Holdings Inc
reported a better-than-expected quarterly profit on Wednesday as more people used its payment processing platform to make transactions and forecast full-year adjusted profit above Wall Street estimates.
WeWork's Claure warns layoffs are coming
NEW YORK (Reuters) - 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.
SoftBank clinches WeWork takeover deal, bailing out co-founder
(Reuters) - Hold ml
Google unveils quantum computer breakthrough; critics say wait a qubit
BERLIN/SAN FRANCISCO (Reuters) - Alphabet Inc's Google said on Wednesday it had achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today's most powerful supercomputer thousands of years to crack.
Explainer: Google hails 'quantum supremacy', but don't chuck out your PC just yet
BERLIN (Reuters) - Researchers at Google say they have achieved 'quantum supremacy', in which a computer harnessing the properties of sub-atomic particles did a far better job of solving a problem than the world's most powerful supercomputer.
US STOCKS-Wall Street ticks higher, but chip stocks tumble
NEW YORK, Oct 23 (Reuters) - U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc , though a lower-than-expected revenue outlook from Texas Instruments Inc sent chipmakers' shares lower.
UPDATE 1-Microsoft's cloud business slows, casts shadow over results
Oct 23 (Reuters) - Microsoft's Azure cloud business showed slower quarterly growth even as the software maker topped estimates for profit and revenue, indicating that the company may be facing intense competition in its fastest-growing business.
American drivers warming to self-driving cars - survey
(Reuters) - About 40% of adult Americans drivers are leaning more to buying self-driving cars in the future as they look to snack, chat on their phone or catch up on email while the car drives itself, a survey by Adobe Analytics showed on Wednesday.
Young entrepreneurs with a mission bank on 'Greta' effect
ADDIS ABABA/SAN FRANCISCO, Oct 23 (Thomson Reuters Foundation) - A s the brains behind a hydroponics farming system in rural Kenya, 17-year-old Jefferson Kang'acha struggled to get noticed but he now expects the youth climate movement led by Greta Thunberg to bolster other young people on a mission.
WeWork plans to lay off 4,000 staff - FT
Oct 23 (Reuters) - Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put in place by top shareholder Japan's SoftBank Group after it took control of the company this week, Financial Times reported on Wednesday.
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