Latest in Meta's Stock
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Meta Fired a $400K-a-Year Employee for Charging Toothpaste to the Company. It Was Actually a Very Smart Move
It may seem ridiculous to nickel-and-dime your employees like this, but it makes sense for Meta to enforce smaller rules.Business - Inc. - October 22 -
Jet-tracker who watched Zuckerberg, Trump, Musk says Meta has banned his accounts
Meta has removed accounts that track the plane movements of its CEO Mark Zuckerberg, X owner Elon Musk, Jeff Bezos, Kim Kardashian, former President Trump and others, account owner Jack Sweeney ...Politics - The Hill - October 22 -
A court says former Albanian president Meta must stay in custody during corruption investigation
An Albanian court has ruled that former President Ilir Meta should stay in custody while the left-wing Freedom Party leader faces allegations of corruption, money laundering and the hiding of ...World - ABC News - October 23 -
Zuckerberg 2.0: why has Meta boss ditched drab hoodies in jazzy makeover?
Get ready for a silk shirt undone to the navel, necklaces and big T-shirts, all aimed at humanising Meta’s founder. For more than 20 years Mark Zuckerberg has made a Macbook grey T-shirt and ...World - The Guardian - 5 days ago -
Here’s Why Meta Getting on the AI Search Bandwagon Could Change the Entire Online Ad Market
Meta is taking on Google and Microsoft by developing its own AI search engine. The repercussions for the digital advertising market could be huge.Business - Inc. - Yesterday -
Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push
Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligenceTech - ABC News - 14 hours ago -
Meta’s Next Llama AI Models Are Training on a GPU Cluster ‘Bigger Than Anything’ Else
The race for better generative AI is also a race for more computing power. On that score, according to CEO Mark Zuckerberg, Meta appears to be winning.Tech - Wired - 13 hours ago -
Samsung falls short of expectations as chipmaker fails to reap AI benefits
Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK HynixWorld - Financial Times - 8 hours ago -
Donald Trump and the autocrats' playbook
‘This is a man who should be nowhere near power’World - Financial Times - 8 hours ago -
UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - 8 hours ago -
Bank of Japan holds rates but signals normalisation still on track
Political uncertainty following election upset raises risks of abrupt policy shifts, warn analystsWorld - Financial Times - 5 hours ago -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - 3 hours ago -
Stellantis hit by sales slide in US and Europe
Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventoryWorld - Financial Times - 5 hours ago -
China’s Stock Markets Rebound on Promises to Help Businesses
Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.Business - The New York Times - October 14 -
Gambling stocks hit by fears of UK Budget tax grab
Ladbrokes owner Entain falls 8% while Flutter loses 6%World - Financial Times - October 14 -
These stock-market watchers love this sector — and it’s not technology
My report on stocks and funds popular among top-performing investment newslettersBusiness - MarketWatch - October 14 -
Ericsson stock jumps as AT&T fuels earnings beat
Ericsson shares rallied on Tuesday as the Swedish telecom equipment maker said the market is stabilizing as North America returns to growth.Business - MarketWatch - October 15 -
Albertsons’ stock climbs on Q2 earnings and revenue beat
Albertsons Cos. Inc. shares are up 1% in premarket trades Tuesday after the grocery chain reported better-than expected second-quarter revenue and earnings.Business - MarketWatch - October 15 -
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 -
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter salesBusiness - MarketWatch - October 16 -
Biotech stock tumbles after unexplained 1,446% gain
Bright Minds Biosciences, which until this week had a lightly traded stock that traded at just over $1, tumbled in premarket trade on Wednesday following a meteoric rise.Business - MarketWatch - October 16 -
LVMH Results Cast Cloud on Luxury Stocks
European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.Business - The Wall Street Journal - October 16 -
UK to consult on ‘opt-out’ AI content scraping in blow to publishers
Decision follows months of lobbying from tech sector and creative industriesBusiness - Financial Times - October 16 -
Lebanon feels it is being punished for a decision Hizbollah made
Civil society has sprung into action but the overwhelming sense of solidarity may be hard to sustainBusiness - Financial Times - October 16