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Meta quarterly profit climbs despite big cloud spending
Meta quarterly profit climbs despite big cloud spending
Business and Economy
by  AFP

Tech giant Meta reported quarterly profits well above expectations Wednesday, brushing aside market worries that its heavy investments in cloud computing and artificial intelligence would hamper growth. Some 3.43 billion people use apps in the Meta family daily, the tech firm said in the earnings report.

Caterpillar so far not hiking prices to offset tariff hit
Caterpillar so far not hiking prices to offset tariff hit
Business and Economy
by  AFP

Caterpillar has trimmed corporate travel and other discretionary spending to offset a tariff hit, but has no plans to raise prices or overhaul supply chains, executives said Wednesday. The company is not currently considering price increases due to tariffs, partly out of the hope that Trump will reach trade deals that remove the levies, executives said.