Update to Jest 29 (#34724)

Summary:
X-link: facebook/react-native#34724

Following on from the recent upgrade from Jest 26->27, this brings us up to present day Jest 29 for tests of React Native itself, Metro, and Meta-internal code. An update to the template for RN apps will follow.

Changelog:
[Internal][Fixed] Update to Jest 29

Reviewed By: huntie

Differential Revision: D39543504

fbshipit-source-id: b47fdb678212b475881ec19085f6cd45a4530333

package.json

@@ -8,7 +8,7 @@
     "@babel/plugin-transform-flow-strip-types": "^7.0.0",
     "@babel/plugin-transform-modules-commonjs": "^7.0.0",
     "acorn": "^8.7.1",
-    "babel-jest": "^27.5.1",
+    "babel-jest": "^29.0.3",
     "chalk": "^4.0.0",
     "codecov": "^3.6.5",
     "debug": "^2.2.0",
@@ -30,8 +30,8 @@
     "invariant": "^2.2.4",
     "istanbul-api": "3.0.0",
     "istanbul-lib-coverage": "3.0.0",
-    "jest": "^27.5.1",
-    "jest-watch-typeahead": "~1.0.0",
+    "jest": "^29.0.3",
+    "jest-watch-typeahead": "^2.2.0",
     "lerna": "2.4.0",
     "metro-babel-register": "*",
     "micromatch": "^4.0.4",
@@ -66,9 +66,16 @@
       "/node_modules/",
       "packages/[^/]+/build/"
     ],
+    "snapshotFormat": {
+      "escapeString": true,
+      "printBasicPrototype": true
+    },
     "testEnvironment": "node",
     "testRegex": "/__tests__/.*-test\\.js$",
-    "timers": "legacy",
+    "fakeTimers": {
+      "enableGlobally": true,
+      "legacyFakeTimers": true
+    },
     "transform": {
       "\\.js$": "<rootDir>/scripts/babelJestTransformer.js"
     },

packages/metro/package.json

@@ -68,7 +68,7 @@
   "devDependencies": {
     "@babel/plugin-transform-flow-strip-types": "^7.0.0",
     "acorn": "^8.7.1",
-    "babel-jest": "^27.5.1",
+    "babel-jest": "^29.0.3",
     "dedent": "^0.7.0",
     "jest-snapshot": "^26.5.2",
     "metro-babel-register": "0.72.3",