Facebook parent Meta Platforms Inc. META 22.51% Shares are on pace for their best day in nearly a decade after the company embraced investor-friendly moves including boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition. Shares of the social-media company jumped 23% to $188.02 in afternoon trading …
Meta Platforms Shares Surge on Cost Cuts, Stock Buyback Read More »
The European Central Bank raised its key interest rate by 0.5 percentage point, diverging from the Federal Reserve, and indicated it would enact a similar increase in March, as resilient economic growth in the eurozone and a rapid reopening of China’s economy are expected to keep inflation. high. The ECB’s move, its fifth large rate …
ECB raises interest rate by Half Percentage Point Read More »
The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …
A US weapons maker is offering to sell the Ukraine government two Reaper MQ-9 drones for a dollar in an effort to help the country defend itself as it prepares for an expected Russian offensive. The deal also would require Kyiv to spend about $10 million to prepare and ship the aircraft to Ukraine, and …
US Company Offers Advanced Drones to Ukraine for One Dollar, With Some Costs Read More »
The home-goods chain’s lenders have cut off credit and it hasn’t secured a buyer to acquire its business, leaving it with dwindling options to avoid a bankruptcy filing. With chapter 11 looking increasingly likely, the focus shifts to what’s next for the retailer and what shape it might take coming out of a restructuring. Here …
Here’s What’s Next for Bed Bath & Beyond as Bankruptcy Looms and Stores Close Read More »
Key to those discussions at their two-day policy meeting will be estimating how much their previous rate increases will cool growth and inflation over time, or what Nobel Laureate Milton Friedman called the “long and variable” lags of monetary policy. There will be a lot of thinking about ‘Are the effects we’re getting about on …
Fed’s Interest-Rate Strategy in 2023 Hinges on How Quickly Rate Increases Slow Economy Read More »
Kris Kashtanova says doing the art for the graphic novel “Zarya of the Dawn” was like conjuring it up with a spell. “New York Skyline forest punk,” the author typed into an artificial intelligence program that turns written prompts into pictures. Then came the tinkering with the wording to get the right effect. Crepuscular rays. …
AI Generated Art for a Comic Book. Human Artists Are Having a Fit. Read More »
North American pension-fund investment in private-market loans reached an eight-year high in 2022, even as banks pulled back on lending and default rates increased upward. The average share of these retirement funds parked in the illiquid, typically unrated debt has crept up steadily to 3.8%, the highest on record, according to analytics company Preqin. Though …
Pension Investments in Private Credit Hit Eight-Year High Read More »
Tuesday The Labor Department releases its employment-cost index for the fourth quarter, which captures employers’ labor costs by measuring wages and benefits paid to workers. Wage gains have been historically strong, fueling but not keeping pace with inflation. The European Union’s statistics agency releases fourth-quarter gross domestic product for the 19-nation eurozone. The combination of …
Economy Week Ahead: US Interest Rates, Labor Market in Focus Read More »
Much is uncertain at Salesforce CRM -0.35% These days, save for this: The days of the company chasing major M&A deals are over for a long while. The cloud software pioneer is experiencing the most significant slowdown in its history and has thus drawn the attention of active investors. The latest is Elliott Management, which …
