— Facebook’s parent company, Meta, surprises investors with a cash dividend, causing a surge in stock value— Social media CEOs face scrutiny in Capitol Hill over impact on children— Elon Musk reacts to the voiding of his $56 billion pay package— January’s job report exceeds expectations, but recent layoffs are on the rise— Federal Reserve Chairman Powell changes his stance on potential rate cuts— Former President Trump discusses Powell’s future if he wins the White HouseREAD ON THE FOX BUSINESS APP— Walmart to open 150 new stores and introduce a 3-for-1 stock split— Apple launches Pro Vision— SEE IT: Ford unveils its new explorerTOP STORY: SURPRISE CASH DIVIDEND: Meta outperforms expectations in its quarterly results and surprises investors by announcing its first-ever cash dividend. This move increases the company’s market value by over $200 billion in a single day, boosting CEO Mark Zuckerberg’s wealth even further…continue reading here. The announcement follows a challenging week for Zuckerberg and his fellow social media CEOs who faced criticism from Congress over platform shortcomings that have harmed children and even resulted in fatalities…continue reading here.VIDEO: Why Facebook shares can rise another 15% on top of this year’s 34% run.ELON MUSK RESPONDS: After a judge in Delaware voids his $56 billion pay package, Tesla’s CEO, Elon Musk, is planning a response…continue reading here. VIDEO: Should a state judge decide CEO pay? Stuart Varney weighs in.
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 remarkable 353,000 jobs in January, surpassing expectations. However, recent data shows a surge in layoffs, including UPS cutting 12,000 positions…continue reading here. VIDEO: Is the job market starting to show cracks?POWELL PIVOTS: The Federal Reserve maintains stable rates in January’s meeting, but Chairman Jerome Powell changes his stance on potential rate cuts…continue reading here. Story continuesVIDEO: Former President Trump, the leading GOP candidate against Nikki Haley, tells FOX Business what he’d do with Powell if he wins the White House again.FOLLOW THE FOX BUSINESS DEBT TRACKER: HEREBIGGER IS BETTER: Walmart, already the nation’s biggest retailer, aims for further expansion…continue reading here. As a nod to its employees, the retailer announces a 3-for-1 stock split…continue reading here.VIDEO: Walmart U.S. CEO John Furner on how to win.ROLLING IN: Ford introduces its new Explorer, featuring unique attributes not found in other company vehicles…continue reading here.IN SIGHT: Apple’s Pro Vision is unveiled, with CEO Tim Cook launching the product in New York City…continue reading here.
Apple CEO Tim Cook greets people as they enter the Fifth Avenue Apple store Feb. 2, 2024, in New York City.STOCKS THIS WEEK: U.S. stocks secure the 4th consecutive week of gains, with both the Dow Jones Industrial Average and the S&P 500 closing at new record highs…more market coverage here. UP NEXT:-Looking for more business and market-moving headlines? Find more from FOX Business here.-Want live updates? Get the FOX Business app here.-Did someone forward you this email? Subscribe to additional newsletters from Fox News and FOX Business here.Original article source: Meta’s dividend, Tesla’s Musk claps back, Walmart’s new stores and Fed’s Powell pivots
