Massive layoffs at Meta Platforms Inc. began Wednesday, offering a slight boost to the social-media company’s beaten-down stock. Chief Executive Mark Zuckerberg told employees that he planned to lay off Read more
Tag: parent
Primark parent Associated British Foods lifts dividend, announces £500 million share buyback program
Associated British Foods PLC said Tuesday that pretax profit for fiscal 2022 rose on robust pricing amid a normalization of customer behavior, and raised its dividend payout and launched a Read more
Facebook parent Meta expected to announce mass layoffs this week
Meta Platforms Inc. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be among the largest round in a recent spate of tech Read more
Block stock rockets higher after earnings as Square parent beats on profit
Shares of Block Inc. were rising 13% in after-hours trading Thursday after the payment-technology company exceeded expectations with its latest earnings and gross-profit figures. The company, which changed its corporate Read more
Block earnings: What to expect from Square parent company
Investors have already heard from Visa Inc. V, -2.70%, Mastercard Inc., and American Express Co. AXP, -3.08%, which all signaled healthy consumer-spending trends. Soon it will be Block Inc.’s SQ, Read more
Burger King parent Restaurant Brands International stock rises on Q3 top and bottom line beat
Restaurant Brands International Inc.’s QSR, -1.42% stock rose 4.1% before market open, boosted by the company’s better-than-expected third-quarter results. The Burger King, Popeyes and Tim Hortons parent earned $1.17 a Read more
TikTok parent ByteDance aims to challenge Spotify, Apple with music streaming
TikTok parent ByteDance Ltd. has begun talks with music labels about expanding its music-streaming service globally to compete with industry leaders including Spotify Technology SA SPOT, +1.28%, according to people with the discussions. Significant Read more
How do you care for an aging parent who didn’t care for you?
Family caregiving is commonly viewed as an act of love. So much so that the phrase “caring for a loved one” is practically synonymous with family caregiving. But not every family experience Read more
Facebook parent is no longer one of 10 most valuable U.S. companies. Here’s what just overtook it.
Meta Platforms Inc. is furthering its descent through the ranks of the biggest companies in the U.S., this time falling below Exxon Mobil Co. for the first time in more Read more
Microsoft, Google parent Alphabet, and nearly a fifth of S&P 500 hits 52-week lows
Nearly a fifth of the S&P 500 index sank to new 52-week lows Thursday led by some of the biggest names in the tech sector. By early afternoon trading Thursday, Read more