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Meta's Reality Labs division continues to lose billions of dollars, with losses exceeding $60 billion since 2020. Amidst Zuckerberg's confidence in the metaverse's pivotal year, analysts question its profitability.
Published on: January 30, 2025, 02:01 AM UTC
El Salvador's Congress approves bill to make Bitcoin acceptance voluntary, complying with IMF loan deal.
Published on: January 30, 2025, 02:00 AM UTC
Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories as the automaker pushes to slash $2.6 billion in costs globally.
Published on: January 30, 2025, 02:00 AM UTC
Nissan to Cut Shift, Staff at US Plants Amid Sales Slump, Honda Talks
Published on: January 30, 2025, 01:01 AM UTC
Bridgewater Bancshares (BWB) reports Q4 profit of $8.2 million, with earnings per share of 26 cents. Annual profit stands at $32.8 million, with revenue of $109.6 million. Shares have risen over 1% year-to-date.
Published on: January 30, 2025, 12:03 AM UTC
Meta Q4 earnings top expectations, revenue outlook disappoints; AI spend to rise
Published on: January 30, 2025, 12:02 AM UTC
President Trump criticizes the Federal Reserve's decision to hold interest rates steady, accusing it of failing to control inflation and focusing on "DEI" and "green" energy instead of bank regulation.
Published on: January 30, 2025, 12:02 AM UTC
Tesla misses Q4 earnings expectations as investors seek a catalyst; revenue rises 2% to $25.71 billion, adjusted EPS at $0.73; company cites AI, R&D costs for lower profit; Model Y production to be halted for short time due to changeover; new vehicles, Cybercab still on track; energy storage business remains strong despite post-election stock decline.
Published on: January 30, 2025, 12:01 AM UTC
Metaverse and AI: Meta's Reality Labs losses mount to $60 billion, while it plans to invest $60-65 billion in AI strategy.
Published on: January 30, 2025, 12:01 AM UTC
Boeing CEO Kelly Ortberg sees brighter days ahead for the company after a $11.8 billion loss last year. Production of the popular 737 MAX jet is expected to ramp up, but suppliers remain skeptical after past disappointments.
Published on: January 30, 2025, 12:01 AM UTC