Shares of Facebook parent Meta plunge 22% on lower profits
Newly-renamed Meta is investing heavily in its futuristic “metaverse” project, but for now, relies on advertising revenue for nearly all its income. […]
Bank profits soar in 2021, but inflation is on top of mind
Three of the country’s largest banks reported huge profits for 2021 on Friday, helped by an improving economy, consumers and businesses willing […]
Uber’s third-quarter loss widened on investment losses, revenue up 72%
Uber reports big rebound in third-quarter revenue thanks to riders and drivers returning from pandemic lockdowns, but its final loss was bigger […]