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01/05/2026
Market news: Apollo Global Management and JPMorgan Chase have reached an $8 billion private credit deal with GoodLife Company.
Latest
4 m ago
According to The Wall Street Journal, MetaPlatforms CEO Mark Zuckerberg provided new details on the company's aggressive AI plan at a full company meeting on Thursday and addressed the negative market reaction to its first-quarter performance. Zuckerberg attributed the 8% drop in Meta's stock price to investor concerns about higher expected capital expenditures and the company's forecast for slower growth in the second quarter. Zuckerberg said Meta's advertising business experienced a "shift in trajectory" after the U.S. went to war with Iran at the end of February. He said: "If oil prices rise, consumers will spend more money on oil and gasoline, and spending on non-essential items will decrease, and advertising is usually targeted at these types of goods." Zuckerberg attributed the company's upcoming layoff plan to the need for more investment in data centers and other artificial intelligence infrastructure. He said: "The company basically has two cost centers. One is computing and infrastructure, the other is personnel. If we invest more in one area to serve our community, it means we have less capital to allocate to another area. So this means we really do need to moderately reduce the size of the company."
9 m ago
The upcoming CEO of Apple: will continue Cook's steady style.
10 m ago
Apple CEO Cook: The new MacBook is continuously gaining favor among college students and individual consumers.
10 m ago
Apple CEO Tim Cook: Apple will research a series of solutions to solve the memory cost issue.
10 m ago
Apple (AAPL.O) CEO Cook: It is expected that memory costs will have a greater impact on the business after this quarter. We will consider a variety of solutions to deal with memory costs.
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