U.S. dollar falls to three-year low as Trump’s Powell threats further dent investor confidence

The company’s stock price is down 13% since it reported earnings last Wednesday.

Meta’s Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.

Stocks, already recovering from the prior day’s sell off, soared higher on news of the remarks from Trump Treasury Secretary Scott Bessent.