The post Meta’s Market Value Passes Tesla’s—But Both Stocks Are Still Tanking appeared on BitcoinEthereumNews.com.
Topline Meta edged past Tesla in market value Wednesday—not because Meta’s stock rose, but because Tesla’s fell harder—setting up Meta’s earnings report later this month as a test of whether the tech giant’s big spending on artificial intelligence is paying off. Meta shares topped Tesla’s market value by more than $50 million. Photo illustration by Cheng Xin/Getty Images Key Facts Meta’s total market value crossed above Tesla’s on Wednesday, with Meta shares trading at $605.16 as of 1:25 p.m. EDT—giving the company a market value of over $1.5 trillion. Meta shares were down 1.7% on the day even as the milestone was reached, while Tesla’s stock slid over 2.3%, handing Meta the lead in market value by default rather than through any gain of its own. Meta has traded between $520.26 and $796.25 since last July and is now roughly around the middle of that range, well below the
The post Former Cubs Star, Championship Coach Who Sued NL Team, Dies After Legendary Career appeared on BitcoinEthereumNews.com.
CHICAGO, IL – OCTOBER 15: A Chicago Cubs grounds crew member cleans off the Chicago Cubs logo prior to game one of the National League Championship Series against the Los Angeles Dodgers at Wrigley Field on October 15, 2016 in Chicago, Illinois. (Photo by Jonathan Daniel/Getty Images) Getty Images The Chicago Cubs were among the many teams who took note of the news that a former star player, whose career at the top of the sport as a player and coach spanned more than seven decades, died on Wednesday. And while his career touched numerous franchises, fans of the Cubs will recall that he enjoyed perhaps his greatest single campaign as a member of their favorite team. ForbesYankees Cut Ties With ‘Absolutely Filthy’ Veteran Amid StrugglesBy Peter Chawaga Former Chicago Cubs MVP Candidate Phil Regan Dies After Legendary Career Few pitchers remained connected to Ma
Meta's investment in Alberta's data center could reshape energy markets, impacting crypto miners by altering power availability and pricing dynamics.
The post Meta’s C$13B Alberta data center signals the AI infrastructure arms race crypto miners should watch appeared first on Crypto Briefing.
The post Used EVs keep getting more expensive amid Iran war, high gas prices appeared on BitcoinEthereumNews.com.
Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026, in South Pasadena, California. Mario Tama | Getty Images DETROIT — The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive. The company on Wednesday reported that its Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% last month compared with June 2025. That compares with a 1.7% increase for non-EVs over the same period. Wholesale EV prices have increased every month this year, leading to an 11.5% jump in average pricing to roughly $30,400, according to Manheim. Non-EVs, meanwhile, have seen a less than 1% increase this year in average pricing, to $19,125, Manheim said. The average used EV listing price
The post Fed flags AI inflation risk as rate hike odds climb above 59% appeared on BitcoinEthereumNews.com.
The Federal Reserve has warned that strong artificial intelligence-related demand could keep inflation elevated, while market pricing for a U.S. interest rate hike this year has climbed above 59%. Summary Fed minutes identified AI demand, tariffs, and Middle East tensions as potential drivers of persistent inflation. Most Fed officials said higher rates may be needed if inflation stays above the 2% target. Polymarket now prices a 59% chance of a Fed rate hike this year, while July pause odds remain at 69.5%. According to the minutes of the Federal Reserve’s June Federal Open Market Committee meeting, policymakers discussed several paths for monetary policy depending on how inflation and the labor market develop. One of the scenarios considered involved inflation staying above the central bank’s 2% target despite a stable labor market, driven by strong AI-related demand, the confl
The Federal Reserve has warned that strong artificial intelligence-related demand could keep inflation elevated, while market pricing for a U.S. interest rate hike this year has climbed above 59%. According to the minutes of the Federal Reserve’s June Federal Open…
Meta's investment in Alberta highlights the growing intersection of tech and energy sectors, raising questions about sustainability and economic impact.
The post Meta invests $10B to build first data center in Canada appeared first on Crypto Briefing.
The post Fed minutes show AI joining tariffs as inflation risk, reinforcing higher-for-longer rates appeared on BitcoinEthereumNews.com.
Federal Reserve officials viewed artificial intelligence-driven investment as an emerging source of inflationary pressure at their June policy meeting. They added another reason to keep interest rates elevated, even as the labor market remained stable. Minutes from the June 16–17 Federal Open Market Committee [FOMC] meeting show policymakers increasingly linking AI-related demand with persistent inflation. It reinforces expectations that borrowing costs could stay higher for longer. For crypto markets, that points to a macro backdrop that may delay the liquidity boost typically associated with lower interest rates. Fed says AI investment is adding to inflation pressures The minutes show officials broadly agreed that inflation remained well above the Fed’s 2% target and had become more broad-based. While policymakers continued to cite tariffs and sup
