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$Meta Platforms (META.US)$ shares slipped 3.2% in extended trading after the company raised the low end of its capital expenditures outlook, overshadowing the earnings and revenue beat for the third quarter.
Meta sees capex for all of 2024 to be in the range of $38 billion to $48 billion, according to its press release. That compares with a previous range of $37 billion to $40 billion, and the $38.06 billion expected by analysts...
Meta sees capex for all of 2024 to be in the range of $38 billion to $48 billion, according to its press release. That compares with a previous range of $37 billion to $40 billion, and the $38.06 billion expected by analysts...
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The Bureau of Economic Analysis will release the Personal Consumption Expenditure and the price index at 8:30 ET on Friday.
Economists polled by Bloomberg expect core PCE inflation to slow to 0.1% in May, its slowest pace this year, with the year-over-year figure dropping to 2.6%, the lowest since March 2021. Headline PCE inflation will likely fall to 0.0%, and will slow down to 2.6% on a year-over year basi...
Economists polled by Bloomberg expect core PCE inflation to slow to 0.1% in May, its slowest pace this year, with the year-over-year figure dropping to 2.6%, the lowest since March 2021. Headline PCE inflation will likely fall to 0.0%, and will slow down to 2.6% on a year-over year basi...
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