By Dan Weil The Federal Reserve just raised interest rates by another 75 basis points, putting the total at 225 basis points since March. Now that the Federal Reserve has raised interest rates by another 75 basis points (0.75 percentage point), putting…
Mark Zuckerberg Clings to His Big and Risky Bet
By Luc Olinga The metaverse is the future of social media giant Meta Platforms, says the billionaire. And yet… If there’s one thing Mark Zuckerberg’s critics admire about him, it’s that he’s tenacious. For almost a year now the CEO of Meta Platforms …
Meta Stock Tumbles After First-Ever Revenue Decline, Q2 Earnings Miss, $2.8 Billion Reality Labs Loss
By Martin Baccardax “We’re putting increased energy and focus around our key company priorities that unlock both near and long term opportunities for Meta,” said CEO Mark Zuckerberg. Meta Platforms (META) – Get Meta Platforms Inc. Report posted weaker-…
What Are Building Permits? Definition & Economic Importance
By TheStreet Staff What Are Building Permits?Building permits are approvals for construction of new and existing privately owned homes. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) release a monthly report on bu…
Pizza Hut Goes Beyond Pizza with New Menu Items
By Alexa Back Warning: It’s (surprisingly) not pizza. Pizza Hut (YUM) – Get Yum! Brands Inc. Report, famous for its delicious pizza combinations like Pepperoni Pan Pizza and Large Edge Works Pizza (both the most ordered items), announced on July 27, 20…
Car Thieves Target One Particular Type of Vehicle
By Rob Lenihan Of the one million cars stolen last year, a particular model accounted for about one of every seven. Are you fond of your pickup truck? You’re not the only one. Car thieves are playing a real world version of Grand Theft Auto, and pickup…
Meta Platforms Second-Quarter Earnings Live Blog
By Eric Jhonsa Real Money’s Eric Jhonsa covers Facebook-parent Meta’s second-quarter earnings report and conference call with management. A day after Alphabet (GOOGL) – Get Alphabet Inc. Report and Microsoft (MSFT) – Get Microsoft Corporation Report de…
The Last Time the Housing Market Was This Slow, Bill Clinton Was President
By Tony Owusu Mortgage rates well over 5% have refinancing applications down 83% year over year. Another week, another round of bad news for a U.S. housing market under pressure. For the fourth week in a row, mortgage applications, a measure of loan ap…
Mark Zuckerberg Tries Something New (It Looks Desperate)
By Luc Olinga Tycoon’s social media empire faces many challenges including fierce competition from TikTok. Mark Zuckerberg’s plate is full. His Meta Platforms (META) – Get Meta Platforms Inc. Report empire, which includes the social networks and messag…
Fed Delivers Back-to-Back 75 Basis Point Rate Hikes, Says Economy Starting to Weaken
By Martin Baccardax “Recent indicators of spending and production have softened and inflation remains elevated,” the Fed noted following back-to-back 75 basis point rate hikes. The Federal Reserve delivered its second major rate hike in succession Wedn…