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Meta and BlackRock announced a $14 billion joint venture to develop and operate a one-gigawatt data center campus in El Paso, Texas, with the facility expected to come online in 2028.
The Federal Reserve maintained its benchmark interest rate in the 3.50%-3.75% range following its two-day policy meeting, defying calls from President Trump for rate reductions.
Yum Brands said a cyclospora outbreak tied to Taco Bell has damaged sales, but the company expects the impact to be temporary as sales trends have begun improving.
Ferrari raised its 2026 financial guidance after delivering second-quarter earnings that exceeded Wall Street expectations, citing strong demand and a full order book through 2027.
Amazon’s stock surged over 9% after the company reported better-than-expected revenue and cloud growth, with AWS expanding 37% year over year during the second quarter.
Women’s clothing retailer Reformation began trading on the New York Stock Exchange on Thursday after pricing its IPO at $15, with shares closing essentially flat on their first day of trading.
