News

```html(1) Generali Investments Senior Economist Paolo Zanghieri stated that the Federal Reserve is expected to keep interest rates unchanged on Wednesday, but the policy debate is clearly shifting away from rate cuts. Stronger inflation data has made it difficult for the easing stance to hold.(2) The year-on-year increase in core PCE is unlikely to drop below 3% anytime soon, and higher energy prices may keep overall inflation elevated and spill over into core inflation. The labor market has stabilized and needs to offset some of the impact of last year's precautionary rate cuts, with inflation risks now dominant.(3) Therefore, the Federal Reserve's tone is likely to be more hawkish, abandoning its easing tendency and reducing forward guidance. As more members may expect no rate cuts in 2026, the dot plot will become central.```

Glonghui, June 16 — Barclays upgraded Porsche's rating from "Underweight" to "Neutral" and raised its target share price from 40 euros to 50 euros.

BlockBeats News, June 16th - In the latest episode of the BG2 podcast, Fox and Brad Gerstner discussed the economics of deploying AI computation power in space, viewing it as a potential long-term option value within SpaceX's valuation. BG2 is a tech investment podcast hosted by Altimeter co-founder Brad Gerstner and former Benchmark general partner Bill Gurley, highly recognized in the Silicon Valley investor community. Gerstner is the founder and CEO of Altimeter Capital; Andrew Fox (often nicknamed Foxy) is an analyst at Atreides Management. Fox stated that, by his calculations, each Starship launch could correspond to approximately 5 terawatts of computing power capacity. Extrapolating further, the capital expenditure to deploy relevant equipment in space could be around $5 billion per gigawatt. He compared this figure to ground-based data centers, mentioning that the capital expenditure on switching equipment, generators, transformers, buildings, power acquisition, and cooling systems in ground data centers could reach $20-25 billion per gigawatt. Therefore, if the orbital computation power plan materializes, some non-GPU infrastructure costs could be significantly lower than those on the ground. Gerstner added from the perspective of overall computation construction costs, noting that today, deploying 1 gigawatt of computation power on the ground may require around $60 billion, with about $35 billion for GPUs and chips and around $25 billion for land, buildings, power, and cooling. He believes that these ground elements may also face inflationary pressures in the future, while in space, space, power, and cooling are nearly free in the economic model. However, Fox also made it clear that orbital computation power is not a necessary condition for establishing SpaceX's IPO valuation. He believes this business is more like significant upside potential rather than a core premise of the current valuation.