Meta's shares dropped over 12% due to a staggering $16 billion tax charge, marking its biggest loss in years. Meanwhile, Microsoft and Alphabet reported mixed quarterly results, with Alphabet hitting a record revenue.
In a groundbreaking summit, Donald Trump and Xi Jinping have reached a historic trade agreement aimed at stabilizing relations between the US and China, including a tariff truce and reduced trade barriers.
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In a significant announcement, Social Security recipients will see a 2.8% increase in their monthly payments for 2024, following a delayed announcement due to the government shutdown. This adjustment reflects a rise in consumer prices, with inflation hitting 3% in September.
Wall Street experienced a decline on Wednesday as investors processed Netflix's latest earnings results. Attention now shifts to Tesla's upcoming report, raising questions about the tech sector's future.
Beyond Meat Inc. has seen its shares double in premarket trading, marking a staggering 1,300% rally over four days, reminiscent of previous meme stock surges. The plant-based food company, still down 97% from its 2019 high, is capturing attention once again!
Jim Cramer declares that patient Apple investors are finally seeing the fruits of their labor, suggesting that the stock has much more room to grow. Find out why this tech giant is just getting started!
In a surprising move, Morgan Stanley's asset-management division is seeking to redeem investments linked to a fund heavily tied to the bankruptcy of First Brands Group. Discover the implications of this financial maneuver.
Jefferies Financial Group's fund has taken a massive hit, with nearly a quarter of its $3 billion trade finance portfolio tied to the now-bankrupt First Brands Group. The bank's total exposure reaches $161 million.
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