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Mark Zuckerberg is finally embracing his new role as Meta's Chopper-in-Chief. Here are the plans he just laid out to further cut costs in 2023.
Investors have been calling for months for the social media giant to pull back on spending. The founder and CEO just got on board with the plan.
Fed raises benchmark interest rate quarter of a point
Federal Reserve Chairman Jerome Powell announced a quarter-point increase on the benchmark interest rate Wednesday following the first policy meeting of the year for the U.S. Federal Reserve.
Federal Reserve raises interest rates another 0.25% to highest since October 2007
The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. Load
The stock market just hit a rare trifecta of bullish indicators that suggests big upside this year
"You should be bullish for this year. The market is probably going to go up significantly higher, so look for good opportunities," Jeff Hirsch said.
Meta Soars After Sales Beat, Rosy Forecast as Facebook Grows
Meta Platforms Inc. posted quarterly sales that topped estimates, gave a rosy revenue forecast and indicated Facebook and Instagram still have room to grow, signaling it’s on course for a turnaround
Meta's layoffs were expensive — it may have spent more than $88,000 per employee to cut 11,000 from the ranks
Meta's severance and personnel costs, following layoffs announced in November, totaled nearly $1 billion, the company reported Wednesday.
Adani scraps $2.5 billion share sale as value of his empire collapses
Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that started
The housing market correction, as told by 4 charts
Not long after the Fed began raising interest rates, spiked mortgage rates caused the U.S. housing market to slip into what Fed Chair Jerome Powell calls a "difficult [housing] correction." That
How the White House aims to slash credit card late fees
The Biden administration is seeking to curb late fees charged by credit card companies to just $8, which if enacted, could help Americans save billions of dollars each year. The announcement made on
Cheeseburgers and steaks are about to get more expensive because there just aren't enough cows
The US cow population fell 3% last year while beef cows decreased to their lowest level since 1962, according to the Department of Agriculture.
Water bills to increase by most in nearly 20 years
Water bills are set to get the biggest increase in almost 20 years from April. The annual bill for an average household in England and Wales will hit £448, industry body Water UK has said. Load Error
JP Morgan just bought a massive forest to make money—And not just from the timber
Investing in forests to cut down trees used to be big business. Keeping them standing may be the next big thing.
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