Two big reasons Micron and other chip stocks are falling on Thursday

Investors are spooked by Tesla’s cut to its near-term spending target and Lam Research’s weaker-than-expected forecast,
Procter & Gamble earnings beat as sales rise 4%, boosted by laundry and home products
Procter & Gamble topped Wall Street’s estimates for its quarterly earnings and revenue.
Meta’s stock falls in early trading amid broader sector selloff, despite well-received results

Meta’s core advertising business delivered a strong quarter, but investors are now eyeing promising new businesses around the Muse personal assistant.
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My father-in-law, 81, sold his $75,000 home and paid off his daughter’s $50,000 debt. What happens to him now?

“Nothing has been set aside for his needs.”
EBay to lay off 9% of workforce in its second round of job cuts this year
EBay will lay off 9% of its workforce, or about 1,000 employees, as it works to focus on its “top strategic priorities.”
GM aims to develop vehicles in as little as two years with AI, software push
General Motors is targeting a roughly two-year vehicle development cycle as it expands its use of artificial intelligence, simulation and vehicle software.
This wonky maneuver kept Mark Zuckerberg from fleeing a California billionaire tax

Facing a potentially giant tax bill that could threaten his voting power, Zuckerberg was days away from listing his Palo Alto home when Meta agreed to create a new class of stock.
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SpaceX’s massive AI targets will test the limits of reality

As Elon Musk aims to increase SpaceX’s computing capacity exponentially, he’ll face challenges related to funding, power supply and simply securing sufficient chips.



