Tesla Inc on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company's electric batteries, J.B. Straubel, was stepping down from his role as chief technology officer.

Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, adding that the carmaker will break even this quarter, rather than post a profit.

The U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behavior, addressing a rising tide of criticism they have become too powerful to the detriment of consumers.

Facebook Inc said on Wednesday that new data privacy rules and forthcoming privacy-focused product changes would slow its revenue growth and significantly raise expenses, driving down its shares in after-hours trade even as quarterly revenue topped estimates.

Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, raising doubts the carmaker will hit its target to be profitable this quarter.

The Canadian government said on Wednesday it is investing C$85 million ($64.70 million) in an Ottawa-based satellite company as part of an effort to provide better broadband internet access to rural and remote communities.

Commission-free stock trading startup Robinhood instructed some users to change their passwords on Wednesday, after discovering a logging error that left some customer credentials vulnerable, according to a company email.

U.S. President Donald Trump has long targeted big tech companies like Amazon, Google, Facebook and Twitter in his social media comments, accusing them of working against him and his administration.

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that online giant Amazon.com Inc "destroyed the retail industry across the United States."

Tesla Inc on Wednesday reported lower-than-expected revenue and a fall in gross margins for the second quarter, sending its shares down nearly 11% in extended trading.

Facebook Inc beat analysts' estimates for revenue on Wednesday for a second straight quarter, but even as it agreed to pay $5 billion to settle a data privacy probe the company disclosed that it faces a new U.S. government antitrust investigation.

Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the U.S. Federal Trade Commission and the social media company said on Wednesday.

The Canadian government said on Wednesday it is investing C$85 million ($64.70 million) in an Ottawa-based satellite company as part of an effort to narrow the broadband internet gap in rural and remote communities.

Facebook Inc beat analysts' estimates for revenue on Wednesday, even as the world's largest social network agreed to pay a $5 billion fine over data privacy and announced a U.S. antitrust investigation.

Prosecutors have charged two workers at a cyber security company with terrorism as part of an investigation into Bulgaria's biggest-ever data breach, a lawyer for the defendants said on Wednesday.

South Korea's deputy trade minister Kim Seung-ho said on Wednesday he had asked a senior Japanese official for a face-to-face meeting on a trade row between Tokyo and Seoul but he had been flatly turned down.

Commuters making their way through Nigeria can now hear travel advice in a local voice on Google Maps under new features aimed at attracting more users in Africa that were unveiled by the company on Wednesday.

South Korea's bid to garner international support in a row with Japan by airing its case at the World Trade Organization brought no visible dividend on Wednesday, as no other countries took the floor to support either side, a Geneva trade official said.

Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday.

Facebook Inc confirmed on Wednesday it will pay $5 billion to resolve a Federal Trade Commission investigation of its privacy practices and said it was ending access to friend data by Microsoft Corp and Sony Corp as a first step under the settlement.

Japan's plan to drop South Korea from its "white list" of nations with minimum trade curbs will probably hit 630 billion yen ($5.8 billion) in annual exports of microchip-making gear to its neighbor, a Japanese lawmaker said on Wednesday.

Facebook Inc agreed to pay a $100 million fine to settle charges by the U.S. Securities and Exchange Commission that it misled investors for more than two years about the misuse of its users' data, the regulator said on Wednesday.

Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday.

U.S. Treasury Secretary Steven Mnuchin said in a television interview that Facebook must satisfy regulatory concerns before it launches Libra, its planned cryptocurrency.

Ride hailing company Uber Technologies Inc and Bengaluru-based start-up Sun Mobility said on Wednesday they will partner to offer commuters in India electric auto-rickshaws in the coming months, amid a push by policymakers to encourage the use of cleaner fuels.

AT&T Inc on Wednesday beat Wall Street estimates for net wireless subscribers who pay a monthly bill as it ground out some growth in a saturated market and continued to bundle media content from Time Warner into new wireless plans.

Wix.com, which helps small businesses build and operate websites, reported higher than expected profit in the second quarter and raised its revenue forecast for 2019 amid solid sales growth from a host of new products.

German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed Chinese group.

South Korea protested on Wednesday against a Japanese plan to remove it from a list of countries that face minimum trade restrictions, saying it would undermine their decades-old economic and security cooperation and threaten free trade.

United Arab Emirates telecoms company du has discussed U.S. restrictions on Huawei with the Chinese company and believes they will not hamper its 5G network, its chief executive said on Wednesday.