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Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta's family of apps including Facebook and Instagram were down on Wednesday, resulting in users being unable to access the services.The widespread outages began around 9:57 a.m. PST and affected the social media company's core apps as well as Threads, WhatsApp and Messenger, according to user-submitted reports gathered by the internet-monitoring site Downdetector.More than 100,000 users experienced problems using the Facebook service at 10:11 a.m. PST, representing the peak of the outages, according to Downdetector.Meta acknowledged the outage via a morning post on social media site X, saying the company is "aware that a technical ...

The Wall Street Bull statue covered in snow on Nov. 15, 2018.Erik Mcgregor | Lightrocket | Getty ImagesA record year for the exchange-traded fund industry recently crossed another milestone, surpassing $1 trillion of total inflows for the first time, according to research firm ETFGI and the Investment Company Institute.The fund that has enjoyed the biggest demand this year is the Vanguard S&P 500 ETF (VOO), which has raked in roughly $100 billion, according to FactSet. The fastest-growing new fund is the iShares Bitcoin Trust (IBIT), which has attracted more than $34 billion since its launch in January.Top US ETFs by inflows in 2024Fund Ticker YTD Inflows Vanguard S&P 500 ETFVOO$100.1 billioniShares Core S&P 500 ETFIVV$61.0 billioniShares Bitcoin ETF IBIT$34.8 billionVanguard T...

Vahe Kuzoyan, left, and Ara Mahdessian, the founders of ServiceTitan.ServiceTitanServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. The company is set to debut on the Nasdaq on Thursday under ticker symbol "TTAN." ServiceTitan previously raised its price range to between $65 and $67.ServiceTitan sold 8.8 million shares in the offering, which would amount to a raise of almost $625 million. At the IPO price, ServiceTitan is worth about $6.3 billion.Technology IPOs have been sparse since late 2021, when inflation and rising interest rates pushed investors out of riskier assets. Cloud software stocks quickly went out of favor after remote work during the pandemic had accelerated their growth.In March of this year, so...

Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024.Adam Jeffery | CNBCIf President-elect Donald Trump is going to push inflation back down to a more tolerable level, he will need help from housing costs, an area where federal policymakers have only a limited amount of influence.The November consumer price index report contained mixed news on the shelter front, which accounts for one-third of the closely followed inflation index.On one hand, the category posted its smallest full-year increase since February 2022. Moreover, two key rent-related components within the measure saw their smallest monthly gains in more than three years.But on the other hand, the annual rise was still 4.7%, a level that, excluding the Covid era, was last seen in mid-1991 when CPI inflation...