Stocks & Bonds

Walmart Hires Google Executive Kumar as Chief Technology Officer Amid Retail Transformation Push

Walmart (WMT) has hired an executive from Alphabet’s Google (GOOG, GOOGL) as its chief technology officer as the world’s biggest retailer increasingly looks to bolster e-commerce for customers and deepen functions within its physical stores. Suresh Kumar was named CTO and chief development officer in a “newly elevated” role that reports directly to Doug McMillon, chief executive of the Bentonville, […]

Facebook Looks to Launch Own Cryptocurrency in Q1 2020

Facebook Looks to Launch Own Cryptocurrency in Q1 2020

Facebook (FB) is finalizing plans to launch its own cryptocurrency in Q1 2020 with a digital payments system in about a dozen countries, BBC News reported on Friday. Facebook is looking to start testing its cryptocurrency, referred to internally as GlobalCoin, by the end of the year. The social media company is expected to outline more detailed plans this summer. […]