 | | | | Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech. | | | | | | The head of the International Monetary Fund said it was "too early" to say if the world was facing a period of sustained inflation, but warned that failure to make economies more resilient to future shocks could lead to big problems. | | | | | | Tesla Inc on Wednesday applied for a permit to extend its existing Austin-based car factory with a building to produce cathodes for battery manufacturing, according to city filings and a spokeswoman. | | | | | | Activision Blizzard Inc , which is being acquired by Microsoft Corp for $68.7 billion, missed market estimates for fourth-quarter adjusted sales on Thursday, as the pandemic-fueled sales boost for its games such as "Call of Duty" showed signs of cooling. | | | | | | Snap Inc reported better-than-expected fourth quarter revenue and user growth on Thursday, and provided a first quarter outlook that surpassed analyst estimates, sending its shares up 30% in trading after the bell. | | | | | | Ford Motor Co on Thursday forecast its 2022 operating profit would rise as much as 25%, driven by North American demand and a strong vehicle pricing environment. | | | | | | Amazon.com Inc on Thursday said it was raising the price of its Prime subscriptions, as it looks to offset higher shipping costs and wages even after beating profit expectations for the holiday quarter. | | | | | | Pinterest Inc beat fourth-quarter revenue estimates on Thursday as retailers splurged on advertising during the holiday quarter, sending the image-sharing platform's shares over 20% higher aftermarket. | | | | | | When U.S. President Joe Biden accused Facebook of "killing people" by spreading vaccine lies in July, many experts and researchers hoped it marked the beginning of a White House battle against a flood of misinformation about the coronavirus pandemic coursing through the United States. | | | | | | U.S. lawmakers on Thursday blasted two federal agencies for failing to avoid an embarrassing last-minute standoff between the aviation and wireless industries over 5G C-Band deployment and airplane interference, with the head of the Federal Aviation Administration conceding "we need to do better as a country." | | | | | |
