Meta shares sink after weak forecast and $130B-$145B AI spend
What's new: Free cash flow fell to $784 million from $8.55 billion a year earlier as Meta kept pouring money into AI infrastructure.
Bloomberg, CNBC +1
Subject
#Blackrock
BlackRock prices $12.5 billion debt deal for Meta Texas data center
What's new: Orders reached about $20 billion, but pricing did not tighten after a weeklong marketing process.
Oil shock revives inflation fears as US-Iran fighting strains supply
Why it matters: BlackRock sees the conflict adding about 0.8 percentage points to global headline inflation, with Europe and parts of Asia most exposed.
Stack weighs APAC data center sale that could top $30 billion
What's new: AIP, Brookfield, IFM, KKR and DigitalBridge are among potential bidders as a formal process could start in July.