Stock Trader Network

The Federal Reserve leaves interest rates unchanged at the conclusion of its July meeting

Fed Swaps Now Price 74.5% Probability Of September Rate Hike

FOMC: Three dissents favoring a hike as Hammack, Kashkari and Logan preferred a 25 bp increase

#stockmarketnews

3 weeks ago | [YT] | 1

Stock Trader Network

Teachers and Local Businesses Win as Meta Expands Louisiana Data Center

Meta reports that it is expanding its Richland Parish, Louisiana data center to 5GW of compute capacity in a town that’s already seeing life-changing returns for teachers, local businesses, and students.
Teachers in Richland Parish recently received annual bonuses of up to $50,000 — 400% higher than last year — due to increased tax revenues from Meta’s data center project.
Richland Parish’s School District Superintendent said: “It’s life-altering for our teachers and their families, and it’s transforming our schools. Meta’s investment has made Richland Parish a destination for education as well as industry.”
Local Louisiana businesses have received more than $1.6 billion in contracts from Meta since breaking ground on the site in December 2024.

#Meta #DataCenter #Stocks

Image courtesy of Meta Platforms

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1 month ago | [YT] | 0

Stock Trader Network

China's DeepSeek Is Developing Its Own AI Chip, Sources Say

Reuters reports that Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter.
The move aims to reduce the company’s reliance on Nvidia and Huawei chips, which it has used to train and run its globally popular AI models.
The chip is designed specifically for inference — the stage of AI computing where a trained model generates responses for users — rather than for training new models, the sources said.

1 month ago | [YT] | 1

Stock Trader Network

Earnings/Company Events/Economic calendar for the trading week beginning July 6, 2026.

$PENG $AVAV $DAL $SPY $QQQ $GME

1 month ago | [YT] | 1

Stock Trader Network

Trump memecoin investors lost $3.8 billion, analysis finds

Nearly 1 million people have lost a total of $3.8 billion after buying President Donald Trump's $TRUMP memecoin, according to cryptocurrency analytics firm Nansen.

The New York Times reports that Nansen's analysis is based on transactions that are publicly visible on the blockchain, showing that 988,905 accounts had lost money on the memecoin as of the end of June. That represents around two out of three $TRUMP buyers.

1 month ago | [YT] | 1

Stock Trader Network

Google loses fight over record $4.7 billion EU antitrust fine

The European Court of Justice has upheld the European Commission’s 2018 decision to fine Google approximately €4.1 billion ($4.67 billion) for abusing its dominant position with Android.

The landmark penalty was imposed over allegations that Google used its control of the Android mobile operating system to stifle competition.

Google appealed the ruling through the EU courts, but the ECJ has now dismissed the appeal, confirming the fine.

1 month ago | [YT] | 1

Stock Trader Network

Meta to sell excess AI computing capacity via cloud business, Bloomberg News reports

Shares are trading higher by 6% in the premarket session.

1 month ago | [YT] | 1

Stock Trader Network

Employers Who Laid Off Workers Citing AI Are Already Starting To Regret It

CNBC reports that companies are rapidly changing their minds that artificial intelligence can “do it all” by rehiring employees to propel their businesses forward, as investors fret over the longevity of the ongoing AI boom happening in the financial markets, with automaker Ford being one of the latest companies to reverse course.

$F #artificialintelligence

1 month ago | [YT] | 1

Stock Trader Network

Microsoft Plans Thousands Of Layoffs, Impacting Less Than 2.5% Of Workforce

Business Insider reports that Microsoft is planning to announce job cuts soon as the tech giant continues efforts to control costs, according to people familiar with the situation.

$MSFT

1 month ago | [YT] | 1

Stock Trader Network

Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand

Reuters reports that Micron Technology (MU), edged past the market valuation of ​Meta Platforms (META), and briefly Tesla's (TSLA), for the first time on Thursday, after the memory chipmaker's solid ​forecast helped extend its AI-driven ​ascent.
The company's shares were last ⁠up 18.4% at $1,236, giving it ​a market capitalization of $1.398 trillion, ​compared with Meta's $1.392 trillion. Tesla had a market value stood of $1.4 trillion.

1 month ago | [YT] | 1