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Mark Zuckerberg defends Meta's AI spending spree as shares tumble

Mark Zuckerberg rekindled investor fears that he would not control costs at Meta after vowing to increase spending and turn the social media group into “the...

Mike-proulx , Mark-zuckerberg , Hannah-murphy , Microsoft , Facebook , Instagram , Wall-street , Silicon-valley , Reality-labs , Mark , Zuckerberg , Defends

Oil prices steady as U.S. demand concerns balance Middle East conflict risks

Brent crude futures rose 18 cents to $88.20 a barrel by 1135 GMT, while U.S. West Texas Intermediate crude futures were up 17 cents at $82.98

Israel , Gaza-strip , Rafah , Gaza-strip-general- , Iran , Texas , United-states , Emril-jamil , John-evans , Oil-research , Us-energy-information-administration , Reuters

Facebook parent Meta sparks tech selloff as AI splurge spooks Wall Street

The premarket drop was set to erase more than $180-billion from Meta’s market value and triggered a drop of 2% to 5% in shares of AI-focused firms Microsoft, Alphabet and Snap

Mark-zuckerberg , Mark-shmulik , Microsoft , Baird-equity-research , Log-increate-free , Meta-platforms , Wall-street , Equity-research , Instagram-reels , Technology , Cent , Drop

Activist shareholder steps up campaign against Dye & Durham in open letter to other investors

Engine Capital steps up campaign against Toronto company, calling its EBITDA goal ‘wrong operational target’

United-kingdom , Canada , Calgary , Alberta , Australia , Toronto , Ontario , Britain , Canadian , Colleen-moorehead , Brian-derksen , Arnaud-ajdler

Tauranga City Council Long-Term Plan: Tauranga homeowners face 7 per cent rates rise

Tauranga’s median rates rise for residential properties is 7 per cent after the governing commission signed off on the city council’s Long-Term Plan. This...

Stephen-selwood , John-borren , Paul-davidson , Alisha-evans , Anne-tolley , Tauranga-city-council , Office-of-the-valuer , Long-term-plan , Valuer-general , Term-plan , City-council , Infrastructure-funding