Ben Bernanke launches blog
The Former Federal Reserve chair is launching a blog on the Brookings website.
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Meta stock sank late Wednesday as the Facebook parent company's first-quarter results apparently failed to live up to sky-high expectations. While the company beat consensus expectations for both sales and earnings, Meta Platforms executives gave a lighter-than-expected sales forecast for the current quarter. Meanwhile, Meta's push to be a leader in generative artificial intelligence is adding to its costs.
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IBM stock slipped after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below.
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