Latest in Meta's Stock Drop
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Meta's stock drop tells the wrong story on earnings — so, we're boosting our price target
Don't let the after-hours stock action fool you, Meta delivered one heck of a strong quarter and rosy revenue guidance.Business - CNBC - 8 hours ago -
Meta’s stock is up 500% in two years. Is it still a ‘set-it-and-forget-it’ play?
Meta reports earnings on Wednesday afternoon.Business - MarketWatch - Yesterday -
Has America lost its shame?
The brazenness of US politicians in the face of scandals is a defining feature of the eraBusiness - Financial Times - October 16 -
Musk gives $75mn boost to Trump’s presidential run
World’s richest man aims to sway outcome of November election with donationBusiness - Financial Times - October 16 -
Pound falls as UK inflation declines more than expected to 1.7%
First reading below Bank of England’s target in 3 years opens door to more rate cuts this yearBusiness - Financial Times - October 16 -
UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability
UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...Business - MarketWatch - October 15 -
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.Business - The New York Times - October 17 -
Lucid’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.Business - MarketWatch - October 17 -
Lucid CEO defends $1.75 billion capital raise following stock drop
Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.Business - CNBC - October 22 -
Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss
Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.Business - MarketWatch - 18 hours ago -
Bernstein naming Meta the new 'set-it-and-forget-it' stock comes down 2 things
The analysts cited the strength of Meta's core advertising business and the monetization of artificial intelligence.Business - CNBC - 6 days ago -
Apple, Meta and Amazon must show the stock market that AI spending is paying off
Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.Business - MarketWatch - 13 hours ago -
CSX stock sees biggest drop in 3 years after railroad warns of hurricane impact, discloses SEC subpoena
Shares of CSX Corp. booked their biggest percentage drop in more than three years after the railroad operator on Wednesday said the fourth quarter would be “more challenging” in the wake of falling ...Business - MarketWatch - October 17 -
Traders’ enthusiasm for stocks returns to level seen just before 10% drop last year
Strategists at Citi are concerned about the possibility of a repeat, though they aren’t recommending investors trim their positions.Business - MarketWatch - October 23 -
McDonald’s stock drops as Quarter Pounders linked to E. coli outbreak, CDC says
An outbreak of E. coli linked to McDonald’s Corp. Quarter Pounder burgers has killed one person and hospitalized 10 people in 10 states.Business - MarketWatch - October 23 -
Harris trades: These healthcare stocks could rally if she wins — or drop if Trump triumphs
Certain healthcare stocks rank among the “Harris trades,” meaning stocks that could rally on a win by Democratic presidential nominee Kamala Harris. Meanwhile, small-cap banks are among the stocks ...Business - MarketWatch - October 23 -
Oil prices drop over 6% after Israeli airstrikes spare Iran’s oil facilities
Oil futures fell sharply Monday, with U.S. and global benchmark crude posting the largest one-day percentage decline in over two years after widely anticipated Israeli airstrikes against Iran did ...Business - MarketWatch - 2 days ago -
Royal Caribbean CEO: Americans are ‘wealthier than ever’ and love to travel
Royal Caribbean’s stock pulls back from a record after revenue, profit outlook for the current quarter disappoint.Business - MarketWatch - Yesterday -
Kraft Heinz’s stock drops as sales volumes fall again, more than prices rise
Kraft Heinz misses sales expectations again, as volumes keep falling, and the stock heads for a three-month low.Business - MarketWatch - 20 hours ago -
Social Media Layoffs Hit Meta
The tech giant confirmed an unspecified number of job cuts at WhatsApp and Instagram.Business - Inc. - October 17 -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - 11 hours ago -
Meta fires staff for abusing $25 meal credits
Workers used benefits to buy acne pads, wine glasses and laundry detergentBusiness - Financial Times - October 17 -
Meta under fire for ‘polluting’ open-source
Open Source Initiative chief criticises tech group for using the term to describe its Llama modelsBusiness - Financial Times - October 17 -
Meta unveils features to combat teen ‘sextortion’
Meta is ramping up its efforts to fight sextortion on Instagram with the launch of new features that are designed to help prevent young users from getting blackmailed into sharing nude photos.Top stories - NBC News - October 17 -
Meta fires staff for buying toothpaste, not lunch
Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.Top stories - BBC News - October 18 -
Meta Battles Social Media Addiction Lawsuit in Massachusetts
Meta, which owns and operates Facebook and Instagram, is facing accusations that it used tactics to get users hooked on its platforms.Business - Inc. - October 19 -
Albania's left-wing former President Meta is arrested on corruption allegations
Albanian prosecutors have arrested former President Ilir Meta on suspicion that the left-wing Freedom Party leader engaged in alleged corruption, money laundering and hiding of personal income and ...World - ABC News - October 21 -
Why Meta and Snap are spending billions on AR glasses
Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.Business - CNBC - 6 days ago -
House Republican presses Meta on censoring political content
Texas Rep. August Pfluger (R) expressed concern in a letter to Meta on Tuesday over the platform's decision to automatically opt users out of political content, arguing the platform's users should ...Politics - The Hill - 6 days ago -
Meta Reports Record Revenue, Slower Ad Growth
The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.Tech - The Wall Street Journal - 11 hours ago -
Meta Will Face State Lawsuits Alleging Teen Social Media Addiction
Despite efforts to have two cases dismissed, the parent company of Instagram and Facebook will have a legal reckoning over allegations its platforms harm younger users.Business - Inc. - October 16 -
Meta fires staff for ‘using free meal vouchers to buy household goods’
Facebook and Instagram owner reportedly dismisses about 24 workers for abusing $25 meal credit system. Meta, the owner of Facebook and Instagram, has reportedly fired about 24 staff at its Los ...World - The Guardian - October 17 -
Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'
Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”Tech - ABC News - October 17 -
Massachusetts judge rules Meta must face state's social media lawsuit
A Massachusetts Superior Court judge has ruled Meta must face a state lawsuit, alleging the company knowingly designed and deployed features harmful to young online users. Suffolk County Superior ...Politics - The Hill - October 18