Meta forecast “notably larger” capital expenses next year thanks to investments in AI, and recorded a nearly $16 billion one-time charge related to U.S. President Donald Trump’s ‘Big Beautiful Bill’ that pummeled its third-quarter profit.
Visa reported a rise in fourth-quarter adjusted profit, as strong consumer spending helped the global payments processing company’s card transaction volumes. More people swiped their cards for day-to-day expenses in the July-September quarter, keeping overall consumer spending steady.
| Nvidia was on the verge of becoming the first company worth $5 trillion after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the U.S. Department of Energy. |
| Gold slipped to a three-week low as hopes for progress in U.S.–China trade talks dimmed its safe-haven allure, while investors’ focus tipped over to the Federal Reserve’s interest rate decision this week. |
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended the release of key data, a less-than-ideal situation for policymakers divided over which risks deserve the most attention
Apple shares surged to an all-time high, with the iPhone maker close to becoming the third company to hit a $4 trillion market valuation as data showed strong momentum for the latest iPhone.
