Treasury yields surged to their highest levels since 2008, driven by global rate hikes and persistent wholesale energy inflation, with the 10-year yield reaching 4.93%. The European Central Bank raised rates amid commodity pressures, and U.S. wholesale inflation rose, increasing expectations for a Federal Reserve rate hike next week to 70%. Meta Platforms was upgraded by JPMorgan due to early AI monetization prospects, while Macy's showed signs of recovery with Q2 growth. CooperCompanies cut its full-year guidance, and Coca-Cola's Mr. Pibb brand saw rapid growth after a refresh. These developments highlight ongoing inflation concerns, central bank actions, and emerging AI-driven opportunities in the market.
Meta's stock surged 6.55%, adding about $100 billion in market value after strong early interest in its new AI agent, Muse, which can access users' inboxes, calendars, and payments. However, hours later, San Francisco's city attorney issued a cease-a...
Google has signed a long-term contract to buy half the output of Finland's Loviisa nuclear power plant through 2049, locking in stable, low-carbon electricity costs for its AI infrastructure. This deal turns a volatile expense—wholesale electricity—i...
Meta Platforms is making significant investments in AI infrastructure, aiming to sell compute capacity in a market with limited supply. Its commitments to computing resources far exceed its internal needs, indicating a strategic plan to compete with ...
Cathie Wood's ARK Invest bought 43,091 shares of Meta worth about $27.9 million while selling 84,392 Alphabet shares valued at roughly $27.8 million. This move comes after Meta's stock rose 14% in three months, while Alphabet's fell nearly 8%. Meta s...
Morgan Stanley analyst Brian Nowak forecasts Meta Platforms' stock could rise 25% to about $815 by the end of 2026, driven by AI-enhanced advertising revenue growth. Meta's recent Q2 results showed significant increases in ad impressions, prices, and...
