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Home»Finance»Meta’s dividend, Tesla’s Musk claps back, Walmart’s new stores and Fed’s Powell pivots
Finance

Meta’s dividend, Tesla’s Musk claps back, Walmart’s new stores and Fed’s Powell pivots

February 4, 2024No Comments3 Mins Read
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Meta's dividend, Tesla's Musk claps back, Walmart's new stores and Fed's Powell pivots
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— Fb dad or mum Meta delivers shock dividend, inventory explodes

— Social media CEOs skewered on Capitol Hill over baby victimization

— Tesla CEO Elon Musk retaliates after choose shoots down $56 billion payday

— January jobs report blows away estimates, however layoffs this week mount

— Federal Reserve Chairman Powell pivots on fee minimize

— Former President Trump on Powell’s future if he wins the White Home

READ ON THE FOX BUSINESS APP

— Walmart to open 150 new shops, whereas including a 3-for-1 inventory break up

— Apple’s Professional Imaginative and prescient is right here

— SEE IT: Ford’s new explorer

TOP STORY: SURPRISE CASH DIVIDEND: Fb dad or mum Meta not solely shocked traders with better-than-expected quarterly outcomes, it additionally introduced its first-ever money dividend, which added over $200 billion to the corporate’s market worth in in the future, making CEO Mark Zuckerberg even richer…proceed studying right here. 

The transfer adopted a tricky week for Zuckerberg and his social media CEO friends who have been raked over the coals by Congress over lapses on their platforms which have harmed youngsters and, in some instances, induced fatalities…proceed studying right here.

VIDEO: Why Fb shares can rise one other 15% on prime of this yr’s 34% run.

ELON MUSK CLAPS BACK: The Tesla CEO had his $56 billion pay bundle voided by a choose in Delaware, the state the corporate is integrated in. The choice did not sit effectively with Musk, who’s rolling out a plan to fireplace again…proceed studying right here. 

VIDEO: Ought to a state choose determine CEO pay? Stuart Varney weighs in.

Tesla CEO Elon Musk Hands in AirTesla CEO Elon Musk Hands in Air

CEO of Tesla Motors Elon Musk speaks on the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening celebration in Austin, Texas, April 7, 2022.

BLOWOUT: U.S. employers added a whopping 353,000 jobs in January, crushing estimates. These sectors did the heavy hiring…proceed studying right here. Nonetheless, newer knowledge exhibits layoffs have began to soar, together with UPS, which is chopping 12,000 positions…proceed studying right here.

VIDEO: Is the job market beginning to present cracks?

POWELL PIVOTS: The Federal Reserve saved charges regular at January’s assembly, however Chairman Jerome Powell modified his tune on when policymakers could minimize charges…proceed studying right here. 

VIDEO: Former President Trump, the main GOP candidate towards Nikki Haley, tells FOX Enterprise what he’d do with Powell if he wins the White Home once more.

FOLLOW THE FOX BUSINESS DEBT TRACKER: HERE

BIGGER IS BETTER: Walmart, already the nation’s greatest retailer, desires to be even larger…proceed studying right here. And in a nod to the corporate’s associates, the retailer introduced a 3-for-1 inventory break up…proceed studying right here.

VIDEO: Walmart U.S. CEO John Furner on win.

ROLLING IN: Ford rolled out its new Explorer, and the SUV has one thing no different firm automobile has…proceed studying right here.

IN SIGHT: Apple’s Professional Imaginative and prescient has landed. CEO Tim Prepare dinner hit New York Metropolis for the debut…proceed studying right here.

Apple CEO Tim Cook greets people as they enter the Fifth Avenue Apple store Feb. 2, 2024, in New York City.Apple CEO Tim Cook greets people as they enter the Fifth Avenue Apple store Feb. 2, 2024, in New York City.

Apple CEO Tim Prepare dinner greets individuals as they enter the Fifth Avenue Apple retailer Feb. 2, 2024, in New York Metropolis.

STOCKS THIS WEEK: U.S. shares notched the 4th straight week of features, whereas the Dow Jones Industrial Common and the S&P 500 closed out at recent report highs…extra market protection right here.  

UP NEXT:

-Searching for extra enterprise and market–transferring headlines? Discover extra from FOX Enterprise right here.

-Need dwell updates? Get the FOX Enterprise app right here.

-Did somebody ahead you this e-mail? Subscribe to further newsletters from Fox Information and FOX Enterprise right here.

Authentic article supply: Meta’s dividend, Tesla’s Musk claps again, Walmart’s new shops and Fed’s Powell pivots

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