Walmart earnings beat as investments fuel sales growth, retailer in ‘good position’ to hit 2019 goals






Walmart on Thursday reported fiscal first-quarter earnings that topped analysts expectations despite a recent string of investments weighing on margins.

The worlds largest retailer said the results put it in agood position to achieve its full-year goals, even though it will face tougher comparisons during the second quarter because of weather-related benefits it reaped in 2018.

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China's Huawei, 70 affiliates placed on U.S. trade blacklist






WASHINGTON/NEW YORK (Reuters) - The U.S. Commerce Department said on Wednesday it is adding Huawei Technologies Co Ltd and 70 affiliates to its so-called “Entity List” - a move that bans the telecom giant from buying parts and components from U.S. companies without U.S. government approval.

U.S. officials told Reuters the decision would also make it difficult if not impossible for Huawei, the largest telecommunications equipment producer in the world, to sell some products because of its reliance on U.S. suppliers.

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SpaceX to launch first satellites for Musk's Starlink internet service






CAPE CANAVERAL, Fla. (Reuters) - Billionaire Elon Musk’s SpaceX postponed a planned Wednesday night blastoff of a Falcon 9 rocket carrying the first 60 satellites for his new Starlink internet service, citing excessive winds over the Florida launch site.

Launch of the mission, aimed at placing the initial stage of Musk’s space-based global internet network into low-Earth orbit, was rescheduled for 10:30 p.m. on Thursday (0230 GMT Friday) from the Cape Canaveral Air Force Station, SpaceX said.

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Tesla to update battery software following car fires






(Reuters) - Tesla Inc will update its battery software after two recent fires involving its Model S electric vehicles (EV) in Shanghai and Hong Kong, the U.S. automaker said on Thursday, adding that investigations into the incidents are ongoing.

“As we continue our investigation of the root cause, out of an abundance of caution, we are revising charge and thermal management settings on Model S and Model X vehicles via an over-the-air software update that will begin rolling out today, to help further protect the battery and improve battery longevity.” Tesla said in a statement on Wednesday.

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Cisco beats earnings target, says has cushioned supply chain from tariffs






(Reuters) - Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, saying that minimal sales exposure to China and changes to its supply chains have helped cushion the blow of U.S.-China trade dispute.

The United States raised tariffs on $200 billion worth of Chinese imports to 25% last week, prompting China to increase duties on $60 billion of U.S. goods in retaliation on Monday.

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Big U.S. hedge funds regain ardor for FAANGs in first quarter: filings






(Reuters) - Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.

After dumping shares of Facebook Inc, Apple Inc, Amazon.com Inc, Netflix Inc and Alphabet Inc - the FAANG components -prominent hedge fund managers including Tiger Global Management LLC have moved back into the popular group.

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FCC set to let phone companies block more robocalls






WASHINGTON (Reuters) - U.S. Federal Communications Commission (FCC) Chairman Ajit Paion Wednesday proposed allowing phone companies to block unwanted “robocalls” by default in a bid to reduce the flood of nuisance calls from telemarketers and scammers.

Pai said many service providers have held off developing and deploying default call-blocking tools because of uncertainty about whether the tools are legal under the FCC rules.

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Facebook restricts Live feature, White House snubs call for New Zealand shooting response






PARIS/SAN FRANCISCO (Reuters) - Facebook announced steps on Wednesday to temporarily block users who break its rules from broadcasting live video, in the wake of an international outcry after a gunman killed 51 people in New Zealand last month and streamed the attack live on his page.

The tweaks to Facebook’s rules came as the White House snubbed other world leaders, who met with tech companies in Paris to back a call by New Zealand’s prime minister for stronger measures against social media hate speech.

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