By Eva Mathews and Nivedita Balu (Reuters) -Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to...
READ MORE
Wall St ends winning run as Facebook forecast halts tech-led recovery
By David French (Reuters) – Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms’ dour forecast sent its stock plummeting and halted a...
READ MORE
‘Fed up’ GM workers in Mexico pick new union in historic vote
By Daina Beth Solomon MEXICO CITY (Reuters) – An upstart union supported by international activists on Thursday won an election to represent General Motors workers in central Mexico, opening the door to the prospect of bigger pay...
READ MORE
Meta’s share price wipe-out shakes world tech stocks
By Danilo Masoni, Akash Sriram and Noel Randewich (Reuters) – Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a U.S. company, after the social media giant issued a dismal...
READ MORE
Citadel, Saba gain in January as market drop left many hedge funds with losses
By Svea Herbst-Bayliss BOSTON (Reuters) -Hedge funds Citadel and Saba Capital Management sidestepped January’s stock market selloff to post gains as many other firms started the year off in the red, investors in the funds said on...
READ MORE
World stocks fall on central banks’ inflation outlooks, glum Facebook update
By Katanga Johnson WASHINGTON (Reuters) – Global equity markets slumped lower on Thursday while gold prices steadied and the dollar weakened as frightened investors digested disappointing updates from major central banks about the...
READ MORE