Meta Slashes Metaverse Budget as Zuckerberg Shifts Focus to AI
Meta plans up to 30% budget cuts for metaverse projects including Horizon Worlds and Quest VR, with potential January layoffs as focus shifts to AI development.
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Five Below Soars on Strong Q3 Results, Raises Full-Year Outlook for Third Time
Five Below (FIVE) raises 2025 guidance after Q3 comparable sales jump 14.3%, signaling strong demand for affordable trendy products among budget-conscious shoppers.
Dollar General Raises 2025 Outlook as Budget Shoppers Boost Sales
Dollar General increases full-year profit forecast to $6.30-$6.50 per share after strong Q3 performance, benefiting from consumers seeking value amid economic uncertainty.
JPMorgan Downgrades Lennar Amid 2026 Housing Weakness
JPMorgan downgraded Lennar to Underweight with a reduced price target of $115, citing weak demand, supply challenges, and downside risk for homebuilders in 2026.
JPMorgan Turns Bullish on Toast: Analyst Sees Big Upside Ahead
JPMorgan upgrades Toast to Overweight, keeping a $43 price target. The firm highlights strong growth, rising estimates, and potential upside if interchange fees face regulation.
UiPath Swings to Profit as AI Automation Demand Surges
UiPath reports Q3 profit with 16% revenue growth to $411M, driven by healthcare and financial services adopting AI automation. ARR grows 11% to $1.78B.