S&P 500 jumps as investors eye trade policy signals
Tech stocks surged, pushing the S&P 500 and Nasdaq higher, even as US-China trade negotiations remained stalled....
Tag : Meta
U.S. labor market shows signs of strain as jobless claims increase
U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains strong....
Meta lays off 3,600 employees as tech sector job cuts continue
Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple regions but exclude some EU countries....
AI job creation will surpass losses, tech leaders agree
AI will generate millions of jobs by 2025 while automating repetitive work, enabling industries like healthcare and finance to innovate and focus on creativity, experts say....
Dow jumps 380 points as Wall Street celebrates Fed rate cut
Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge....
Unexpected ally, Taliban sides with Twitter in social media clash
In an unanticipated development, Anas Haqqani, a key leader of the Taliban, has entered the ongoing social media feud between Twitter and Threads. He publicly stated his preference for Twitter, attributing his choice to the platform’s commitment to upholding freedom of speech. In a Twitter post, Haqqani lauded Twitter’s liberal......
Meta’s Threads versus Twitter, a battle of visions and leadership
The advent of Meta’s Threads app, while a significant milestone in the social media sphere, has raised significant concerns for Twitter, particularly amidst recent internal turbulence. Twitter, once a colossus in the microblogging space, now finds itself in precarious waters, largely attributed to its current leadership under Elon Musk. Musk,......
Spotify will reduce its workforce by 6 percent
In an effort to prepare for a possible recession, music streaming company Spotify Technology announced on Monday that it is planning to lay off 6% of its employees. This is approximately 600 jobs, adding to the glut of layoffs in the technology sector. As part of a broader reorganization, Dawn......
EU antitrust probe could lead to a $11.8 billion fine for Meta
The European Commission, which is the executive arm of the EU, has found Meta to be in violation of EU antitrust law. This is because it has distorted competition in the markets for online classified ads. In its decision, the Commission expressed concern over Meta’s decision to pair its personal......
Funding for metaverse projects is raised with a $10 billion bond issue by Meta
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, raised $10 billion in its first bond offering on Tuesday. The technology giant plans to use the raised capital to revamp its business and fund share buybacks. Several expensive initiatives, including its virtual reality metaverse, will also be funded with......