May 18, 2024

News and Political Commentary

Meta’s dividend, Tesla’s Musk claps back, Walmart’s new stores and Fed’s Powell pivots

2 min read

— Facebook parent Meta delivers surprise dividend, stock explodes

— Social media CEOs skewered on Capitol Hill over child victimization

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

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

— Federal Reserve Chairman Powell pivots on rate cut

— Former President Trump on Powell’s future if he wins the White House

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— Walmart to open 150 new stores, while adding a 3-for-1 stock split

— Apple’s Pro Vision is here

— SEE IT: Ford’s new explorer

TOP STORY: SURPRISE CASH DIVIDEND: Facebook parent Meta not only surprised investors with better-than-expected quarterly results, it also announced its first-ever cash dividend, which added over $200 billion to the company’s market value in one day, making CEO Mark Zuckerberg even richer…continue reading here. 

The move followed a tough week for Zuckerberg and his social media CEO peers who were raked over the coals by Congress over lapses on their platforms that have harmed children and, in some cases, caused fatalities…continue reading here.

VIDEO: Why Facebook shares can rise another 15% on top of this year’s 34% run.

ELON MUSK CLAPS BACK: The Tesla CEO had his $56 billion pay package voided by a judge in Delaware, the state the company is incorporated in. The decision didn’t sit well with Musk, who is rolling out a plan to fire back…continue reading here. 

VIDEO: Should a state judge decide CEO pay? Stuart Varney weighs in.

Tesla CEO Elon Musk Hands in AirTesla CEO Elon Musk Hands in Air

CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party 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…continue reading here. However, more recent data shows layoffs have started to soar, including UPS, which is cutting 12,000 positions…continue reading here.

VIDEO: Is the job market starting to show cracks?

POWELL…



2024-02-03 14:06:00

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