Finance
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For tech investors hoping Meta Platforms finds religion on cost cuts as they relate to heavy spending on virtual reality, now is not the time to bet on it. The company is cutting costs, including mass layoffs, and much of the market has been focused on the billions that Mark Zuckerberg is pouring into Reality […]
Kelly Sullivan Long-term vision collides with near-term fear. Below is a chart that depicts a steep 75% drop in Meta (NASDAQ:META) stock over the course of just one year – a ferocious market cap decline of ~$750 billion. Most investors don’t care about the next 10 years, they cannot see past the next 6-12 months, […]
Meta has announced plans to cut its workforce by 13% worldwide (Photo: PA) A total of 11,000 employees of Meta’s 87,000-person global workforce are being laid off as part of a wider shake-up of the business that aims to drastically cut costs. Meta founder and chief executive Mark Zuckerberg said the cuts were “some of […]
About 28 million Americans are enrolled in Medicare plans administered by private insurance companies called Medicare Advantage. Now through Dec. 15, adults 65 and older can select 2023 Medicare Advantage plans or the traditional, government-run Medicare. Experts say it’s an important decision older adults should assess for care and coverage options and expenses. The night […]
The midterm elections will determine control of Congress and with it, the fate of President Joe Biden’s agenda. Democrats are unlikely to retain control of both the House and Senate, analysts and experts project. With Republicans well positioned to take control of at leastthe House, Biden is likely to face roadblocks as he finishes the last two […]
Image source: Getty Images Your grocery bill may feel high, but it would be worse if you lived in Alaska. Key points Groceries cost more in Kodiak, Alaska than any other urban area in the country, while Juneau takes third place. Honolulu is the second most expensive city in terms of groceries and overall cost […]
silverkblack / iStock.com The average homebuyer in the U.S. is now older, as more millennials are pushed out of the housing market. Historic Highs for Mortgage Rates: Believe It or Not, There’s a Silver LiningSee: Should You Still Buy a Home in Today’s Market? New findings in the National Realtors Association’s 2022 Profile of Home […]
CHARLESTON, S.C. (WCBD) – The wife of Reverend Clementa Pinckney — who was killed in the 2015 massacre at Mother Emanuel — has filed a lawsuit on behalf of her daughter against Facebook’s parent company Meta, alleging online propaganda prompted the shooting. The suit claims that the shooter, Dylann Roof, was radicalized by online rhetoric […]
Lamar Jackson and the Baltimore Ravens (5-3) look to further stake their claim as a playoff contender when they travel to New Orleans to face Alvin Kamara’s Saints (3-5). The Ravens are well-rested after playing Thursday night in Week 8 and look to continue their winning ways. Meanwhile, the Saints are riding high after shutting […]
Rep. Mondaire Jones is without a seat to run for, but that doesn’t mean he’s not wielding his influence in the midterm elections. Early in his freshman tenure, Jones started a leadership PAC, often used by ambitious politicians to wield influence, campaign finance experts say. Jones, forced out of his seat due to a contentious […]
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