Tom Gimbel, founder and CEO of LaSalle Networks, examines the state of the U.S. economy and reacts to the January jobs report.
— Facebook parent company Meta pays surprising dividend, stock price soars
— Social media CEOs skewered on Capitol Hill over child abuse
— Tesla CEO Elon Musk retaliates after judge shoots him $56 billion salary
— January jobs report blows away expectations, but layoffs increase this week
—Fed Chairman Jerome Powell focuses on interest rate cuts
— Former President Trump talks about future if Powell wins the White House
— Walmart opens 150 new stores while adding 3-for-1 stock split
— Introducing Apple’s Pro Vision
— Take a look: Ford’s new Explorer
Top Stories: Surprise Cash Dividend: Facebook parent company Meta not only surprised investors with better-than-expected quarterly results, but also announced its first-ever cash dividend. This increased the company’s market value by more than $200 billion in one day, making CEO Mark Zuckerberg even richer…Continue reading here.
Meta YTD: +34%
The move comes after a tough week for Zuckerberg and his fellow social media CEOs, who came under fire from Congress over gaffes on the platform that harmed and in some cases killed children. Ta…Continue reading here.
video: Why Facebook stock could rise another 15% on top of its 34% rise this year.
Elon Musk also responds with applause: Tesla’s CEO has had his $56 billion compensation voided by a judge in Delaware, where the company is incorporated.The decision did not sit well with Musk, who is developing a counterattack plan.…Read more here.
video: Should state judges decide CEO compensation?Stuart Barney weighs in.
Tesla Motors CEO Elon Musk speaks at the Tesla Giga Texas Manufacturing “Cyber Rodeo” grand opening party held in Austin, Texas on April 7, 2022. (Suzanne Cordeiro/AFP via Getty Images/Getty Images)
blow out: U.S. employers added a whopping 353,000 jobs in January, beating expectations. These sectors were employing large amounts of…Continue reading here. But more recent data shows that layoffs have begun to spike, with UPS cutting 12,000 jobs…Continue reading here.
video: Are we starting to see cracks in the job market?
Powell Pivot: The Fed held interest rates unchanged at its January meeting, but Chairman Jerome Powell has changed his tune about when policymakers will cut rates…Continue reading here.
video: Former President Trump, the leading Republican challenger against Nikki Haley, told FOX Business what he plans to do with Powell if he wins the White House again.
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Bigger is better: Already America’s largest retailer, Walmart wants to get even bigger…Continue reading here. And in honor of the company’s stakeholders, the retailer announced a 3-for-1 stock split…Continue reading here.
video: Walmart US CEO John Furner talks about how to win.
Rolling in: Ford has launched the new Explorer, but this SUV has something that other company cars don’t.…Continue reading here.
Insight: Apple’s Pro Vision has arrived. CEO Tim Cook visits New York City debut…Continue reading here.
Apple CEO Tim Cook greets people entering the Apple Store on Fifth Avenue in New York City on February 2, 2024. (Michael M. Santiago/Getty Images/Getty Images)
This week’s stock: U.S. stocks rose for the fourth consecutive week, with the Dow Jones Industrial Average and S&P 500 closing at record highs.Click here for detailed market coverage.
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