Not everyone on Wall Street is still convinced a cut is coming

🤖 Meta picks Pimco, Blue Owl for $29 billion data centre deal:

Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana as the race for artificial intelligence infrastructure heats up, according to people with knowledge of the matter.

Pimco is expected to lead a $26 billion debt portion of the financing, while Blue Owl is providing $3 billion of equity, said the people, who asked not to be identified because the discussions are private. The debt portion is likely to be issued in the form of investment-grade bonds backed by the data center’s assets, they said. Yahoo Finance reports.


🚙 Tesla disbands Dojo supercomputer team in blow to AI effort:

Tesla is disbanding its Dojo team and its leader will leave the company, according to people familiar with the matter, upending the automaker’s effort to build an in-house supercomputer for developing driverless-vehicle technology.

Peter Bannon, who was heading up Dojo, is leaving and Chief Executive Officer Elon Musk has ordered the effort to be shut down, according to the people, who asked not to be identified discussing internal matters.

The team has lost about 20 workers recently to newly formed DensityAI, and remaining Dojo workers are being reassigned to other data center and compute projects within Tesla, the people said. Yahoo Finance reports.


✈️ Expedia shares soar on upbeat forecast, US travel rebound:

Shares of Expedia surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand.

Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies.

"Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday.

The company expects 2025 gross bookings to grow between 3% to 5%, up 1 percentage point from its earlier forecast. Yahoo Finance reports.


📊 Palantir in five figures:

The tech-savvy's favorite stock continues to break records on the stockmarket this week. Here are five figures (400, 402, 25, 40, and 1) that help to better understand the phenomenon. MarketScreener reports.


🍔 Wendy’s cuts profit outlook but stock rises:

Wendy's Co. said Friday it now expects 2025 profit of 82 cents a share to 89 cents a share, down from its earlier estimate of 92 cents a share to 98 cents a share.

Wall Street analysts currently expect 2025 profit of 94 cents a share, according to FactSet data.

Wendy's stock (WEN) rose 0.7% in premarket trading. MorningStar reports.


🛸 Investing in Space: Space IPOs are rearing their heads again:

It’s a brave person who calls a market closed or open, particularly for listings - you’ll forgive me if I’m not the one to make that plunge.

But the gentle trickle of space IPOs since the start of the year, after a dearth of listings in recent years, isn’t going unnoticed.

Trive Capital-backed Karman Holdings, maker of defense and space systems, went public back in February with a valuation of nearly $4 billion as shares soared during their debut.

Voyager Technologies clinched a $3.8 billion valuation two months ago, as the defense and space company’s stock opened 125% higher on Wednesday at $69.75 apiece, above its $31 offer price.

On Thursday, Northrop Grumman-backed Firefly Aerospace - whose Blue Ghost lander successfully touched down on the Moon earlier this year - surged in its Nasdaq debut under the ticker symbol FLY. CNBC reports.

“Frankly, I don’t see markets; I see risks, rewards, and money.”

- Larry Hite


Sourced in:
28 Motivational Quotes from Top Traders, by “Learn To Trade The Market”

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