Meta stock climbs 6% on report of planned metaverse cuts

Meta CEO Mark Zuckerberg has repositioned the social media giant as an AI company. Vincent Feuray | AFP | Getty Images Meta Platforms shares popped about 6% higher on Thursday after Bloomberg reported that CEO Mark Zuckerberg was looking to make significant cuts to the company’s metaverse resources. Bloomberg said that executives have considered cuts…

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FBI arrests suspect in Jan. 6 pipe bomb case: MS NOW

A surveillance photo released by the FBI shows a person in Washington, U.S., January 6, 2021. The FBI issued a notice, which features this surveillance photo, requesting information on person(s) responsible for pipe bombs left at the Republican National Committee (RNC) and Democratic National Committee (DNC) headquarters. FBI | Reuters The FBI on Thursday morning…

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Europe’s use of frozen assets could be justification for war 

Russia’s security council chief warned on Thursday that should the European Union use its seized frozen assets to support Ukraine, that could be tantamount to justification for war.   The European Commission, the executive arm of the EU, has been looking at how to use frozen Russian assets held in Europe to further support Ukraine. The move could be tantamount to an act justifying…

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JPMorgan, Deutsche Bank send Oversight records

Photo released by the House Oversight Committee Democrats shows the property of Jeffrey Epstein’s private island home on Little St. James. Source: House Oversight Committee Democrats House Democrats on Wednesday revealed new photos and videos from Jeffrey Epstein‘s private island in the U.S. Virgin Islands, and revealed that two major banks have handed over records…

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Inside Neo’s rare earths factory

A view of the NEO magnetic plant in Narva, a city in northeastern Estonia. A plant producing rare-earth magnets for Europe’s electric vehicle and wind-energy sectors. Xinhua News Agency | Xinhua News Agency | Getty Images NARVA, Estonia — Europe’s big bet to break China’s rare earths dominance starts on Russia’s doorstep. The continent’s largest…

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AI, tech, Nikkei 225, Hang Seng Index, CSI 300

Aerial sunrise view of Osaka city in Japan Frank Lee | Moment | Getty Images Asia-Pacific markets mostly rose Thursday, after Wall Street gained on hopes the Federal Reserve could cut interest rates next week following weaker-than-expected jobs data. Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions…

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