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Home » Meta’s dividend, Tesla’s Musk claps again, Walmart’s new shops and Fed’s Powell pivots
Business

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

Bernie Goldberg
Last updated: 2024/02/04 at 7:13 AM
Bernie Goldberg Published February 4, 2024
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— Fb mother or father Meta delivers shock dividend, inventory explodes

— Social media CEOs skewered on Capitol Hill over youngster victimization

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

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

— Federal Reserve Chairman Powell pivots on charge 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 cut up

— Apple’s Professional Imaginative and prescient is right here

— SEE IT: Ford’s new explorer

TOP STORY: SURPRISE CASH DIVIDEND: Fb mother or father Meta not solely stunned 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 someday, 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 12 months’s 34% run.

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

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

CEO of Tesla Motors Elon Musk speaks on the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening social gathering 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, more moderen information reveals layoffs have began to soar, together with UPS, which is slicing 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 might 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 largest retailer, desires to be even greater…proceed studying right here. And in a nod to the corporate’s associates, the retailer introduced a 3-for-1 inventory cut up…proceed studying right here.

VIDEO: Walmart U.S. CEO John Furner on the right way to win.

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

IN SIGHT: Apple’s Professional Imaginative and prescient has landed. CEO Tim Cook 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 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 positive aspects, 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 reside updates? Get the FOX Enterprise app right here.

-Did somebody ahead you this e mail? Subscribe to extra 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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Bernie Goldberg February 4, 2024 February 4, 2024
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