The provision allowed products less than $800 to enter the U.S. without duties and inspection, and was widely used by e-commerce sites like Temu and Shein.
Meta is set to ramp up capital spending by 50% to $60 billion to $65 billion in 2025, with the bulk of the expenditure growth going into increased generative AI efforts and the core business.
Following the worst quarterly performance for U.S. stocks in over two years, caution dominated Wall Street as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.
Risk sentiment remains under pressure at the start of the week on Wall Street, with tech-heavy indexes sliding while commodities advance, as traders fear a new wave of price pressures following the upcoming tariffs announcement.
The new tab introduced in the U.S. and Canada on Thursday will show content from a user’s Facebook friends, such as stories, reels, posts, birthdays and friend requests.
Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
U.S. stocks decline on renewed tariff concerns, technology shares lead selloff while blue-chip stocks are more resilient. VIX jumps 8%, dollar and Treasury yields remain flat.
YouTube viewing by adults over 65 has nearly doubled over the last two years, and this demographic now contributes a viewing contribution similar to kids’.
Wall Street’s recovery from its recent technical correction paused for a breather on Tuesday, as investors awaited more clarity on tariff developments and digested a downbeat consumer confidence report.
Meta stock was the last Magnificent Seven company to dip into the red for the year during the current market downturn, but it has since turned positive.
Wall Street soared Monday, kicking off the week in full risk-on mode as investors welcomed signs of easing trade tensions and stronger-than-expected economic data.
