Search results for TACO
AI & Enterprise
Meta AI data centre construction boosts sales, tax revenue in rural U.S. areas
A farm-focused area of Louisiana is seeing an unexpected boom from Meta’s construction of its Hyperion AI data centre in Holly Ridge, as thousands of workers support demand for restaurants, cafes, water supplies and housing rentals. Meta is investing more than $50 billion and expects over 7,500 workers at peak construction. Local sales tax revenue has risen sharply, though the long-term outlook remains uncertain once building work ends.
AI & Enterprise
Jim Cramer says these 5 non-tech stocks could rise if AI cools
CNBC host Jim Cramer warned that heavy positioning in technology stocks tied to the AI boom carries risks and urged investors to diversify. He said some signs of fatigue are emerging within tech even as AI and data centre names rebound. Cramer highlighted JPMorgan Chase, Johnson & Johnson, Kimberly-Clark, McDonald\'s, Yum Brands and Kraft Heinz as alternatives, citing relatively weak performance in finance, healthcare and staples. He also pointed to funding pressures from AI infrastructure spending and possible share issuance.
Crypto
Iran parliament speaker says trusting Trump comments leads to ruin, TACO trade no longer works
Iranian parliament speaker Mohammad Bagher Ghalibaf said investors should treat U.S. President Donald Trump’s advance policy remarks as signals for taking profits and, in energy markets, consider taking the opposite position. His comments draw attention as Wall Street’s so-called “TACO” trade wobbles amid rising tension with Iran and heightened uncertainty. GDPNow lowered its U.S. first-quarter growth outlook, while rates expectations retreated and 10-year Treasury yields rose above 4.4 percent.