Author: Daniel snow

To land Meta massive data center, Louisiana pulled out all the stops

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Outside view of a Meta data center in Eagle Mountain, Utah on July 18, 2024, a complex of five large buildings each over four football fields long and totaling 2.4 million square feet.George Frey | Afp | Getty ImagesOn a massive, 2,250-acre site about 250 miles north of New Orleans, hundreds of construction workers and tons of heavy equipment are turning former soybean fields into what will be the largest data center in the Western Hemisphere. And in the process, officials say, they are transforming Louisiana’s economy.”It put us on a scale that has a lot of people, not just…

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Tennis Channel, Women’s Tennis Association extend media deal

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Coco Gauff of the United States lifts the winners trophy after her victory against Aryna Sabalenka in the Final of the Women’s singles competition on Court Philippe-Chatrier during the 2025 French Open Tennis Tournament at Roland Garros on June 7, 2025, in Paris, France.Sipa via AP ImagesThe Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each season.While terms of the deal weren’t disclosed, Tennis Channel CEO Jeff Blackburn told CNBC in an interview there was a “pretty big step up…

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Is there room for sterling to make gains against the dollar?

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The British pound is widely forecast to continue rising against the U.S. dollar.Matt Cardy | Getty ImagesThe British pound is hovering at its highest level in more than three years — and analysts are divided on the potential for further upside.Britain’s currency was last seen trading around the $1.36 mark on Wednesday morning in London.It marked a slight drop from Tuesday, when sterling hit its highest level since January 2022.So far this year, the pound has surged 8.7% against the greenback.Stock Chart IconStock chart iconGBP/USD priceAgainst the euro, however, sterling is down 2.9% year-to-date. It was last seen trading marginally…

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Mortgage rates and demand are stuck in a holding pattern

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A For Sale sign sits in front of a home on May 12, 2025 in Miami, Florida. Joe Raedle | Getty ImagesEconomic uncertainty at home or military conflicts overseas — each taken alone — would normally have a significant effect on the bond market. But now, even together, they have done little to move mortgage rates.Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.88% from 6.84%, with points decreasing to 0.63 from 0.66, including the origination fee, for loans with a 20% down payment. That according to the…

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Rubrik agrees to buy AI startup Predibase for over $100 million

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Bipul Sinha, co-founder and CEO of Rubrik, a Microsoft-backed cybersecurity software company, rings the opening bell during his company’s IPO at the New York Stock Exchange in New York on April 25, 2024.Brendan Mcdermid | ReutersData management software vendor Rubrik said Wednesday that it’s buying Predibase, a startup that helps with the deployment of artificial intelligence models.Terms of the deal weren’t disclosed, but a person familiar with the transaction said Rubrik intends to pay between $100 million and $500 million. The person asked not to be named because the numbers are private.Rubrik is acquiring its way into the red-hot AI…

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