Meta Platforms Inc. trades in the NASDAQ. It engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide.
Senate passes debt ceiling bill, averting default. May payrolls surpass expectations, indicating a resilient labor market. Mark Zuckerberg reveals Meta's cutting-edge VR headset. Exxon and Chevron near drilling agreements in gas-rich Algeria. Plus, Kellogg plans to spin off its cereal business.
Meta fined record $1.3B for EU data breach. Morgan Stanley warns US market rally may not signal bull market. Loop Capital downgrades Apple, expects missed revenue forecast. Plus, GOP rejects White House spending freeze offer.
Fed hikes rates by a quarter percentage point, as expected. Regional bank stocks slide to new lows. FTC proposes barring Meta from monetizing kids’ data. Oil plunge deepens as concerns drive selloff. Plus, Icahn gets a taste of his own medicine.
