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Meta shares plunged 14% this week, falling close to their pandemic low

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019.Andrew Caballero-Reynolds | AFP | Getty ImagesFacebook hasn’t been this cheap since the beginning of the pandemic.After plunging 14% for the week to close at $146.29, shares of Facebook parent Meta are at their lowest since March 2020, and for a …

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Wall St staggers to higher close as Fed rate hike looms

Register now for FREE unlimited access to Reuters.comRegisterMarket sees 22% likelihood of a 100 bps rate hike from Fed -CMERailroad stocks drop amid negotiations to avoid strikeIndexes up: Dow 0.10%, S&P 0.34%, Nasdaq 0.74%NEW YORK, Sept 14 (Reuters) – Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched …

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European markets open to close, data, earnings and news

European markets opened lower on Wednesday as investors continued to dwell on the recessionary outlook in the region and as inflationary pressures continue to grow.The pan-European Stoxx 600 was down 0.73% shortly after the open, with all sectors seeing declines. Basic resources and oil and gas dropped the most, both losing more than 2%.German energy giant …

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Amazon to close, scrap plans for warehouses across US amid slowing sales growth: report

Amazon is reportedly scrapping plans to build dozens of warehouse facilities across the United States amid slowed sales growth. The consulting firm MWPVL says that the online retail giant is either closing or abandoning plans to open 42 facilities across the country totaling almost 25 million square feet of usable space, Bloomberg reported. The firm says …

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Amazon to close, scrap plans for dozens of warehouses amid slowing sales growth: report

Evercore ISI senior managing director Mark Mahaney provides his top technology picks and investment strategy in an inflation-driven market on ‘Varney & Co.’ Amazon is reportedly scrapping plans to build dozens of warehouse facilities across the United States amid slowed sales growth. The consulting firm MWPVL says that the online retail giant is either closing …

Amazon to close, scrap plans for dozens of warehouses amid slowing sales growth: report Read More »