Meta shares tumbled 10% on Thursday, their worst day since October 2022, after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat. The stock closed at $441.38, wiping out roughly $132 billion in market cap from Wednesday’s $493.50 closing price before earnings. The company reported $4.71 in earnings per share on $36.46 … Read more
Stock market hits fresh record high as tech earnings and Fed decision loom Market Overview The S&P 500 rose on Monday, reaching a new record high as Wall Street focused on upcoming mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The benchmark index climbed 0.2%, surpassing its previous all-time high close of … Read more
Facebook’s Meta and Apple are set to compete in the mixed-reality headset market. On Monday, Apple introduced its Vision Pro headset, priced at $3,499. Meta’s Quest family of VR headsets, meanwhile, range in price from $300 to $500. Facebook dominates the nascent market, with rivals such as Sony, HTC and Magic Leap lagging behind. Research firm CCS … Read more