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Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day gain by any company in Wall Street History after the Facebook parent declared its first dividend and posted robust results. Meta's stock surged 20.3% for the session, also recording its biggest one-day percentage increase in a year and its third biggest since its 2012 Wall Street debut. Its stock market value now stands at more than $1.22 trillion. Days ahead of Facebook's 20th anniversary, Meta late on Thursday authorized an additional $50 billion in share repurchases and said its quarterly dividend would be 50 cents per share.     While dividends are associated with mature, slow-growth companies, Meta's is the fourth offered by Wall Street's most valuable technology-related heavyweights, along with Apple, Microsoft and Nvidia. "Paying a dividend suggests the company wants to reboot its reputation and be taken more seriously. But ultimately...

Wall Street is sinking as it focuses on the downside of a surprisingly strong job market NEW YORK -- Wall Street is sinking Tuesday as it focuses on the downside of a surprisingly strong job market . The S & P 500 was 1% lower in morning trading and back to where it was in June. The Dow Jones Industrial Average was down 260 points, or 0.8%, at 33,172, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 1.4% lower. Stocks fell as the pressure on them cranked even higher from rising Treasury yields in the bond market. Such weight has been the main reason the stock market has lost roughly 40% of its value since the end of July, after charging higher for much of the year. The 10-year Treasury yield climbed again Tuesday, up to 4.75% from 4.69% late Monday and from just 0.50% early in the pandemic. It’s near its highest level since 2007 and rose after a report showed U.S. employers have many more job openings than expected. When bonds are paying so much more in interest, they p...

Five weeks into winter quarter, I learned from a friend that a Taylor Swift course was being offered. ITALIC 99: All Too Well (Ten Week Version), taught by Nona Hungate ’24, is “an in-depth analysis of Taylor Swift’s ‘All Too Well.’” The course recognizes Swift’s brilliant songwriting skills while giving Stanford students the opportunity to learn how to analyze literature. I do not think I have ever felt so sad about not being enrolled in a course. The closest I have ever gotten to taking a course about Taylor Swift was my Program in Writing and Rhetoric (PWR) 1 class, “From Green Cards to Gaming Avatars: Forms of Idenтιтy,” with lecturer Nissa Cannon. The only aspect of the class that related to Swift was one line in the course description: “Why does Taylor Swift ’s album art present a different version of her than a Vanity Fair profile?” Although none of the actual class content was about Swift, I took that singular line and ran with it — my final research-based argument pa...