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Loading… Loading… Wall Street suffers a double blow in Thursdays session, as softer-than-expected revenue forecasts from Meta Platforms Inc. META are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase for the U.S. economy. The U.S. economy grew by a 1.6% annualized pace in Q1 2024,
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Loading… Loading… Pseudonymous crypto influencer "Reflection" unveiled his secrets to spotting low-cap altcoins with the potential to skyrocket in the upcoming altseason. What Happened: In a thread on X, Reflection highlights the importance of understanding market cycles and investor emotions in identifying promising altcoins. He suggests that during major cooling-off phases characterized by decreased trading
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Alphabetannounced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share. Just three
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Share Tweet By Tr Goins-Phillips Editor April 24, 2024 On Friday, explosions echoed through the air in Iran, just days after the Muslim-majority country launched some 300 missiles into Israeli airspace a marked escalation for a country that has, historically, attacked the Jewish state only via proxies, like the Gaza-based terrorist cell Hamas. Tehran, though,
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TikTok owner ByteDance reportedly would rather shut down the popular video-sharing app than sell it if the Chinese-based company exhausts all legal options to fight a US ban despite growing interest from American buyers for the platform.   The algorithms TikTok relies on for its operations are deemed core to ByteDances overall operations, which would make
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Meta plunged nearly 15% Thursday after the Facebook-parent forecast higher expenses over its plans to “invest aggressively” in artificial intelligence. The Mark Zuckerberg-led tech giant’s stock was down 13.5%, at $427 at 11:30 am ET — threatening to wipe roughly $200 billion in market cap. Zuckerberg’s net worth also took a massive hit, wiping out about
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Mark Zuckerberg received the lowest salary of all of Meta’s staff in 2023, with his measly $1 salary — though the Big Tech chief raked in a staggering $24.4 million in “other compensation.” According to a proxy filing statement, the lion’s share of this “other compensation” covered Zuckerberg’s security costs. Though the Securities and Exchange
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