Tech and index highs as markets await corporate reports
U S stock indexes rose to record highs on Wednesday as investors anticipated more company earnings. PayPal Visa Alphabet led gains while banks and some industrials slipped. Fed minutes signaled split on rate hikes amid low inflation and cautious spending by consumers and business.
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Facebook unveils stand-alone Oculus Go VR headset
Facebook aims to broaden virtual reality with the Oculus Go a standalone headset priced at 199 dollars no phone or PC required. Zuckerberg pitched it as the easiest entry to VR hoping to reach a billion users while Oculus shifts leadership under Hugo Barra after Palmer Luckey's departure.
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Amazon opens teen shopping with guardian controls
Amazon introduces teen shopping for ages 13 to 17 with parent accounts. Adults can add up to four teens, set limits, cancel orders, and get purchase alerts. Teens see no parent card data and Prime is optional. Prime adds free shipping and perks for teens. Twickets launches in the U S offering face value resale for concerts with artists like Adele and Ed Sheeran.
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Delta Sees Profit Slip Amid Hints of Higher Fares
Delta Air Lines posted a third quarter profit of $1.18 billion, down more than 6 percent due to Hurricane Irma cutting $140 million in revenue from canceled flights. The company warned revenue per available seat mile could rise up to 4 percent in the fourth quarter as pricing power improves.
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