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WSJ News Exclusive | Meta Embraces AI as Facebook, Instagram Help Drive a Rebound

WSJ News Exclusive | Meta Embraces AI as Facebook, Instagram Help Drive a Rebound

Days before Meta META 2.52% Platforms Inc.’s first ever mass layoffs in November, a senior executive shared some good news. The company’s short-form video product, Reels, was getting traction with users, and the threat posed by rival TikTok appeared to be easing. “Facebook engagement is stronger than people expected,” Tom Alison, head of Facebook, wrote …

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DOJ Sues Google, Seeking to Break Up Online Advertising Business

DOJ Sues Google, Seeking to Break Up Online Advertising Business

The Justice Department is seeking the breakup of Google’s business brokering digital advertising across much of the internet, a major expansion of the legal challenges the company faces to its business in the U.S. and abroad. A lawsuit filed Tuesday, the Justice Department’s second against the Alphabet Inc. GOOG -1.98% unit following one filed in …

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Nvidia, Intel gaming cards go on sale while AMD teases Nov. 3 announcement

Nvidia, Intel gaming cards go on sale while AMD teases Nov. 3 announcement

Nvidia Corp. and Intel Corp. clashed on Wednesday as the two chipmakers launched new gaming cards with the GPU leader targeting elite high-performance gamers, while Intel sought to appeal to budget gamers looking for a slightly better performance than the last generation of Nvidia cards. . On Wednesday, Nvidia’s NVDA, -0.74% The flagship RTX 4090 …

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Here are the worst (and best) performing stocks of August and for 2022

Here are the worst (and best) performing stocks of August and for 2022

After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August. Here’s the damage: Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 S&P 500 SPX -3.5% -16.4% 26.9% Dow Jones Industrial …

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