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Zuckerberg tells staff to focus on video as Meta plunges

Facebook holds virtual connect event

  Bloomberg Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. His red, teary eyes were the result of a scratched cornea, the Facebook founder said, attempting to lighten the mood as Meta Platforms Inc.’s stock price lost more than a quarter of its value. At a company-wide virtual meeting, Zuckerberg explained that ...

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Strategists see surging equity flows while bonds get dumped

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  Bloomberg A wild start to the year for global equity markets hasn’t deterred investors, with data showing ever-increasing inflows in stock funds while bonds and cash are being dumped. Equity funds attracted $21.8 billion in the week to February 2, bringing the year-to-date total to $106 billion, according to Bank of America Corp (BofA) strategists tracking EPFR Global data. ...

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Hong Kong stocks cap biggest post-Lunar holiday gain since ’09

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  Bloomberg Hong Kong stocks posted their biggest post-Lunar New Year holiday advance since 2009, as traders played catch-up to gains in global equities and a rally in financials outweighed the impact of an overnight tech rout in the US. The Hang Seng Index closed up 3.2% on Friday. AIA Group Ltd. and HSBC Holdings Plc were among those leading ...

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