Meta’s Reality Labs posts $4.5 billion loss in second quarter
Meta’s virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June.
Kamala Harris gets support of more than 100 VCs and tech execs in online pledge
In an online pledge on Wednesday, more than 100 tech investors and entrepreneurs said they are supporting Vice President Kamala Harris in her presidential bid.
Fed holds rates steady and notes progress on inflation
Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.
The Federal Reserve sets the stage for a rate cut — here’s what that means for your money
The Federal Reserve will keep rates where they are, for now — but the first cut in four years is on deck.
Nvidia shares soar 13% after Microsoft quells fears that AI buildout is too fast
Microsoft plans to spend even more on Nvidia-based infrastructure next year than it did in 2024.
Bernstein analyst finally likes PayPal after correctly staying on sidelines for 3 years
Bernstein upgraded PayPal to outperform, its first upgrade in three years.
Taco Bell to roll out AI drive-thru ordering in hundreds of locations by end of year
Yum Brands said voice AI has improved order accuracy, decreased wait times and increased profitable growth for franchisees.
Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO
Boeing announced in March that Calhoun would step down by year’s end, part of a broader company shake-up following a door plug blowout in January.
Why orange juice is so expensive
Orange juice futures are hitting records as growers lose millions of dollars annually. U.S. citrus production is plummeting amid weather and disease extremes.
