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Meta Cloud Business; NASA Lunar Lander Contracts | Stock Movers

On this episode of Stock Movers: - Space companies including FireFly Aerospace (FLY) Intuitive Machines (LUNR) and Voyager Technologies (VOYG) shares are moving on news that NASA selected three companies to send robotic landers to the moon as part of efforts to establish a lunar base before the end of the decade. The agency announced awards to Astrobotic Technology Inc., Firefly Aerospace Inc., and Intuitive Machines Inc. to send landers to the moon. - General Mills (GIS) shares are moving after it posted fourth-quarter profit that beat Wall Street expectations, lifted by higher prices. - Meta Platforms Inc. (META) gained on reports that the company is developing plans for a cloud infrastructure business that will sell access to AI computing power and models. The company is also considering selling access to "raw" computing capacity, according to people familiar with the matter.

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Bloomberg

Fed Chairman Warsh Says Inflation Risks Have Come Down, Vows to Be Independent

Federal Reserve Chairman Kevin Warsh said price risks have come down in recent weeks, and the central bank will deliver price stability. "Prices are too high, and I don't think I'm the only one on this stage that's recommitted to deliver price stability," Warsh said on Wednesday at the European Central Bank's annual Forum on Central Banking in Sintra, Portugal.

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