Business

Meta's Reality Labs continues to lose billions, with a $5 billion Q4 loss and a total of $60 billion since 2020. Despite Zuckerberg's confidence in the metaverse, analysts question its profitability, citing expensive hardware and slow adoption. Meta's stock performance has been driven by AI enthusiasm, but DeepSeek's low-cost AI model raises concerns about Meta's massive AI investment.

Published on: January 30, 2025, 12:00 AM UTC

If you're looking for a new career, consider banking. With a range of jobs offering competitive pay and growth opportunities, banking offers flexibility and stability. Explore the pros and cons, plus learn about six of the best banking jobs and what they entail.

Published on: January 30, 2025, 12:00 AM UTC

Truth Social, the social media company founded by former President Donald Trump, is launching Truth.Fi, a financial services division that will offer financial products including ETFs and cryptocurrencies.

Published on: January 30, 2025, 12:00 AM UTC

Microsoft's Azure cloud revenue growth slows to 31% as the company ramps up AI investments. Despite strong demand, data center capacity constraints impact sales. AI revenue reaches $13 billion annualized run rate, but monetization efforts take longer than expected.

Published on: January 29, 2025, 11:09 PM UTC

Walmart offers a wide range of banking services like a debit card, reloadable debit card, and financial services like cashing checks, paying bills, and sending money orders. While Walmart offers competitive rewards for frequent shoppers, it has limited products and services compared to traditional banks. However, it provides a low-cost banking option for unbanked customers.

Published on: January 29, 2025, 11:09 PM UTC

Wolfspeed reports better-than-expected Q2 earnings, driven by demand for silicon carbide chips in electric vehicles, renewable energy, and data centers.

Published on: January 29, 2025, 11:08 PM UTC

Calix Inc. reports Q4 loss, revenue beats estimates

Published on: January 29, 2025, 11:08 PM UTC

Meta Platforms reported strong Q4 earnings, with revenue up over 20% YoY at $48.39 billion and EPS of $8.02, beating analyst estimates. The company is investing heavily in AI, forecasting $39 billion in expenditures in 2024 and $60-65 billion in capital expenditures this year. Meta's shares climbed nearly 5% in after-hours trading.

Published on: January 29, 2025, 11:08 PM UTC

CB Financial Services reports Q4 profit of $2.5 million, or 46 cents per share, exceeding analyst estimates. Revenue rises 2% YTD, stock gains 18% over the past year.

Published on: January 29, 2025, 11:08 PM UTC

First Interstate BancSystem Inc. (FIBK) reported fourth-quarter profit of $52.1 million, or 50 cents per share, exceeding Wall Street expectations.

Published on: January 29, 2025, 11:07 PM UTC