(Bloomberg) — Meta Platforms Inc. slumped about 20% in premarket trading after Chief Executive Officer Mark Zuckerberg asked investors for patience with the social-media giant’s swelling investments in unproven bets at an already-challenging time for digital-advertising companies. Most Read from Bloomberg The company’s shares dropped before exchanges opened in NewContinue Reading

Disneyland and Walt Disney World have long been favorite family vacation destinations, places to make lifelong memories surrounded by characters from some of the world’s most beloved franchises. But those memories aren’t exactly priceless. Over the past two years, Disney has increased prices across the board and discontinued several popularContinue Reading

After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, including another big hike earlier this week. “Interest rates are going up at the fastest pace that any ofContinue Reading

Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expectsContinue Reading