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Meta’s new dividend adds $200 billion in value, Zuckerberg nets $29 billion in one day

Shares in Facebook’s parent company Meta soared after the company announced its first-ever cash dividend following its biggest quarterly growth in more than two years. The company’s market value rose more than $200 billion on Friday, putting it on pace for the fastest single-day increase in market value for a U.S. company, according to tracked […]

Meta rakes in record $40 billion in revenue

Social media giant Meta posted record revenue in the fourth quarter of 2023, with a staggering $40.1 billion in revenue as digital advertising rebounds. CEO Mark Zuckerberg has endured intense criticism from federal authorities over allegations of child abuse and exploitation occurring through his use of the Meta platform. The company managed to meet average […]

Intel Delays $20 Billion US Investment Biden Touted As Key Win

Intel’s ambitious $20 billion chip manufacturing operation in Ohio is undergoing changes to its construction schedule, the Wall Street Journal reported Thursday. The delay is believed to be due to prevailing challenges in the market and delays in expected US government financial support aimed at strengthening the domestic semiconductor industry. according to To WSJ. Originally […]

EU Signs Off $50 Billion Ukraine Aid After Hungary Steps Aside

The European Union has approved a massive 50 billion euro ($54 billion) aid package for Ukraine after Hungarian Prime Minister Viktor Orbán was forced to backtrack on a demand for an annual approval vote on funding. Agreed. Don’t step aside. A large-scale European Union aid package for Ukraine has been approved, with Hungarian Prime Minister […]

Health Care Service to buy Cigna Medicare business in $3.7 billion sale – USA TODAY

Healthcare Service Co., Ltd. announced It announced on Wednesday that it would acquire Cigna’s Medicare business. The $3.7 billion sale will give Healthcare Services, the nation’s largest customer-owned health insurance company, control of Cigna’s Medicare Advantage, Supplemental Benefits and Part D customers. Care Allies business We work with health care providers. Cigna’s Medicare plans cover […]

House passes $78 billion tax bill in bipartisan vote

The House passed a $78 billion tax bill Wednesday that expands the child tax credit and reinstates business deductions canceled during the Trump administration, sending the bipartisan, bicameral bill to the Senate for consideration. . Congress passed the bill, called the Tax Relief for American Families and Workers Act, by an overwhelming bipartisan vote of […]