Tech Earnings Bonanza Sees Meta, Tesla Climb on 2025 Optimism
Meta headquarters in Menlo Park, California.
Photographer: David Paul Morris/Bloomberg
Good morning. Meta and Tesla shares gain on solid earnings news. The European Central Bank is widely expected to cut rates again. And increasing thefts in Britain are costing retailers billions of pounds. Listen to the day’s top stories.
Earnings bonanza: Meta shares climbed as CEO Mark Zuckerberg predicted a “really big year,” expecting its artificial intelligence assistant to reach over 1 billion people and become the most widely used. Tesla shares gained on plans to begin robotaxi operations and a forecast sales recovery. Microsoft fell after it projected slow growth in its cloud-computing business. Deutsche Bank’s fixed-income traders closed out last year with the best fourth quarter on record.