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Facebook’s cataclysm was a win for capitalism

  It was not a good day for Meta Platforms Inc or its investors, but it was a good day for capitalism. After a quarterly earnings report revealed a decline in Facebook’s daily active users — a first for the company — Meta’s shares plunged by 26% on February 4, some $250 billion in market value was eroded, and analysts ...

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Boeing’s bet on jet-building frenzy depends on suppliers

  Bloomberg For Boeing Co., the pandemic was just one item on the long list of its existential concerns over the past four years. But after a talent exodus, the twin tragedies of its 737 Max jets falling from the sky, and stiff competition from rivals (on top of Covid’s blow to air travel), the company is gearing up for ...

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Winter Olympics: Chinese sportswear stocks climb

  Bloomberg Shares of Chinese sportswear makers climbed as investors bet that Beijing’s Winter Olympics will help spur demand amid the government’s recent drive to increase health awareness. Anta Sports Products Ltd., which is supplying uniforms for athletes in the games, rose as much as 5.2%. Li Ning Co., founded by a medal-winning Olympic gymnast, jumped 6.8% as Hong Kong ...

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