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BBCNEWS World July 3, 2024

We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Curren ....

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BBCNEWS Verified July 3, 2024

of economic advisors. thank you for being with us on bbc news. what does this tell us? it suggests consumer spending is still pretty resilient right now? i suggests consumer spending is still pretty resilient right now? pretty resilient right now? i think it is resilient, pretty resilient right now? i think it is resilient, but pretty resilient right now? i think it is resilient, but let s pretty resilient right now? i think it is resilient, but let s be - pretty resilient right now? i think it is resilient, but let s be clear, l it is resilient, but let s be clear, the number of 65 billion is lower than what most economists had predicted the average expectation was, that was on the order of 68 billion. ithink it was, that was on the order of 68 billion. i think it is good news for mr powell and the other global central bank shares syria s meeting with. the economy is resilient but it is a step and we are all looking at it and the other global central bank sha ....

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