Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
Hong Kong democracy activist Joshua Wong walked free from prison on Monday after serving nearly five weeks for contempt of court, pledging to join a mass protest movement...China Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
Morgan Stanley said quantum computing will have dramatic implications across several industries during the next decade.
Quantum computers use atomic particles and the laws of physics to perform calculations. They are faster than current computers and will enable much higher computing power, according to Morgan Stanley.
"With more companies moving quantum computers from the lab to commercial activities, we believe widespread quantum computing is about to become a reality and holds the key to double the high-end computing market," the firm's research team wrote in a note to clients Wednesday.
"We believe quantum computing could trigger the beginning of a fourth industrial revolution, with far reaching consequences for many sectors where computing power is becoming a limitation for R&D."
Here are the industries and applications Morgan Stanley said will be most affected by the new computing paradigm:
"Financials, Pharma (drug discovery), Oil & Gas (well data analysis), Utilities (nuclear fusion), Chemicals (polymer design), Aerospace & Defense (plane design), Capital Goods (digital manufacturing and predictive maintenance), Artificial Intelligence, and Big Data search in general."
With faster computing, "classical algorithms, which would take years to solve on a current supercomputer, could take just hours or minutes on a quantum computer," they said.
The analysts said that, according to IBM, the current size of the high-end computing market is $5 billion to $6 billion per year. Morgan Stanley predicts the market will grow to $10 billion a year in the next decade due to the rise of quantum computing.
"We expect the next 10 years to see a rebalancing favoring commercial vs consumer computing as quantum computers are able to solve many problems that could not be solved up until now," they wrote.