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3 mins read
Wall Street is bullish on Meta earnings as analysts eye an AI boost for the tech titan
Analysts are bullish on Meta earnings ahead of the Facebook parent's third-quarter report. BofA nam…
Jennifer Sor
2 mins read
A real-estate investor explains how he got a 2.75% mortgage amid 7% rates
Shopping at different banks and mortgage brokers won't yield much difference in rates. So Michael t…
Laila Maidan
6 mins read
Earnings season is here. These are the biggest storylines the market is watching.
In today's big story, we're looking at what to expect during a critical earnings season.
Dan DeFrancesco
2 mins read
Stock market today: US stocks mixed as traders brace for GDP data and more earnings
Meta Platforms will report earnings after the closing bell, with Microsoft and Alphabet on deck for…
Jennifer Sor
4 mins read
OpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWork
The startup is asking investors to ignore the cost of AI model training, according to The Informati…
Alistair Barr
2 mins read
Mark Zuckerberg isn't personally liable for any harm caused to children by Facebook and Instagram, judge says
Over two dozen lawsuits accuse Mark Zuckerberg's platforms of being dangerously addictive to childr…
Lauren Edmonds,Kenneth Niemey…
3 mins read
Meta's Gen Z secret weapon is Facebook Marketplace
Facebook Marketplace could help Meta draw in Gen Z users looking for a bargain and who might have s…
Jordan Hart,Sarah Jackson
2 mins read
'AI advancement driving engagement': Here's how Wall Street is reacting to Meta's 3rd-quarter earnings
"We believe Meta continues to execute well and remains disciplined, and we would be buying the pull…
Matthew Fox
3 mins read
'Reels is outperforming TikTok': Here's what Wall Street expects from Meta's 3rd-quarter earnings
Investors are waiting to see how Meta balances its "year of efficiency" cost cuts with its need to …
Matthew Fox
2 mins read
Facebook parent Meta lost $251 billion of value in the worst wipeout ever. That's more than Netflix, Nike and McDonald's are each worth.
No company has ever shed more value in one day on US stock markets than Facebook parent Meta, with …
Harry Robertson
1 min read
Facebook parent Meta erases $53 billion in market value after Snap warning rips social media stocks
The warning from Snap altogether erased more nearly $200 billion in combined market value for socia…
Matthew Fox
5 mins read
Meet the group preparing for a Soviet Union-type collapse of the US economy
Opinions fluctuate on the economy, but one group has a decidedly strong take.
Dan DeFrancesco
2 mins read
Nasdaq leaps 3% as investors cheer tech earnings and sidestep weak GDP report
Apple and Amazon were set to report results after the closing bell. Meta Platforms' stock pop after…
Carla Mozée
2 mins read
Facebook parent Meta soars 16% after Q1 results show user growth recovery, and Mark Zuckerberg reins in metaverse spending
Meta CEO Mark Zuckerberg said he's slowing the pace of the Facebook parent's investment in new proj…
Shalini Nagarajan
1 min read
Facebook briefly drops 6% after Bloomberg incorrectly publishes disappointing forward guidance for revenue
The financial news and data firm acknowledged the mistake shortly after. Facebook reports its secon…
Brian Evans
2 mins read
JPMorgan downgrades Facebook parent Meta for the first time ever and removes it from its top-ideas list after earnings disaster
Meta stock is undergoing a valuation re-rating that now makes it cheaper than the S&P 500 index on …
Matthew Fox
5 mins read
Interest rates staying where they are is a forgone conclusion, but the Fed's decision day still matters
A September rate cut would come shortly before another major economic event: the US presidential el…
Dan DeFrancesco
2 mins read
Stock market today: US indexes drop as 1st-quarter GDP growth comes in weaker than expected
The US economy grew at an annualized rate of 1.6% in the first three months of the year, badly lagg…
Max Adams
4 mins read
Facebook cofounder accuses Tesla of being the next 'Enron'
Asana founder Dustin Moskovitz called Tesla the next "Enron" and speculated that people "are going …
Lloyd Lee
1 min read
Mark Zuckerberg is $9 billion richer after Meta earnings, and has more than doubled his net worth in 2023 to $118 billion
Zuckerberg is set to leapfrog four billionaires to become the world's sixth richest person, assumin…