Dow Jones Top Company Headlines at 5 PM ET: Meta Reports Record Sales, Massive Spending Hike on AI Buildout | Microsoft's ...
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Meta reported record sales of $60 billion in Q4, a 24% year-over-year growth. Microsoft saw earnings surge due to its cloud business. Tesla plans a $2 billion investment in xAI despite a drop in sales. IBM's sales rose 12% as AI demand grows. Southwest forecasts a profit surge, while Whirlpool's revenue fell 0.9%. CPKC's profit declined but revenue increased. Google will pay $135 million to settle a lawsuit. Starbucks sales rose 4%, and AT&T's sales increased. Prosperity Bancshares will acquire Stellar Bancorp for $2 billion.
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