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Meta Platforms Q3 revenue tops estimates

Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as revenue climbed sharply. The parent company of Facebook and Instagram reported net income of $9.86 billion, or $3.83 per share, for the July-September period. That’s up from a profit of $2.71 billion, ...

Briefcase: Stultz family to receive Blair Chamber ACE award

The Blair County Chamber’s Ag Committee will celebrate the agricultural com­munity during the Farm-City Dinner set for Tuesday, Nov. 10, at Morrisons Cove Memorial Park, Martinsburg. One of the high­lights of the evening is the presenta­tion of the Agricultural Community Excellence Award to the Stultz family of Williamsburg. Rob and Tammy Stultz transitioned from dairy farming to running a suc­cessful swine production facility. The couple have dedicated their lives to Blair County agriculture and their community. The Farm-City dinner begins at 6 p.m. with a milk punch ...

Ticker: CNB announces Q3 profit of $28.1M

CNB Financial Corp. on Wednesday reported third-quarter profit of $28.1 million. The bank, based in Clearfield, Pennsylvania, said it had earnings of 91 cents per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. The bank holding company posted revenue of $126.5 million in the period. Its revenue net of interest expense was $88.3 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $88 million. Tesla’s Q3 profit drops as it may merge ...

AI stocks lead rebound; European markets drop

NEW YORK — Stocks in the artificial-intelligence industry bounced back on Wall Street Monday and recovered some of their steep losses from last week, but the rest of the market and stocks worldwide were shaky. The S&P 500 rose 0.4%, coming off its worst week since June, and the Nasdaq ...

Briefcase: Business news of local interest

Operation Our Town sets landlord workshop Operation Our Town, in partnership with the Altoona Housing Authority, will be holding its annual Landlord Educational Workshop from 8:45 a.m. to 2:45 p.m. Friday, Nov. 13, at the Altoona Grand Hotel. The workshop is free to attend and lunch will be included. Topics covered during the workshop include: Magisterial District Judge frequently asked questions; City of Altoona community development updates; signs of illegal drug activity; common fair housing violations; eviction process and leases; common code violations and blight; tax claim ...

Musk pledges SpaceX shares for kids

Elon Musk on Monday pledged to give one share of his company SpaceX to “every kid in America” next year. The offer arrived a day after artificial intelligence company Anthropic announced in a social media post that it will commit 5% of its shares to a new “public benefit” fund. In a response to that Sunday post, Musk wrote, “I recommend giving the shares directly to the public.” Shares of SpaceX, which will report its quarterly earnings on Tuesday, closed at $146.03 on Friday. With approximately 73 million children under the age of 18 in the United States, that would put ...