Federal Reserve officials, including Chicago Fed president Austan Goolsbee, say the massive buildout of AI data centers is pushing up prices beyond tech-related industries, a shift from earlier blaming tariffs for inflation. Goolsbee described the effect as demand-driven overheating rather than limited to data center components and adjacent sectors. The comments come as the Fed raised interest rates in September and markets expect another hike this month.
futurism.com
· 2026-10-13
Jim Cramer noted that the S&P 500 has climbed roughly 118% since bottoming on October 12, 2022, despite Fed rate hikes, a banking crisis, tariffs and the Iran conflict. He cited that a $10,000 investment at the bottom would now be worth about $23,061, with Nvidia and Meta Platforms—both held by his Charitable Trust—delivering far larger gains of 1,875% and 488% respectively.
cnbc.com
· 2026-10-12
PepsiCo reported a 5.6% increase in net sales for the third quarter, with international markets contributing 41% of revenue so far this year. Despite growth abroad, its North American beverage division shrank, prompting the company to lower its full-year earnings outlook. CEO Ramon Laguarta is scheduled for an exclusive CNBC interview at 10 a.m. ET.
cnbc.com
· 2026-10-08
U.S. stocks closed higher Friday after September nonfarm payrolls showed just 29,000 jobs added, far below the 84,000 expected, pushing unemployment to 4.2%. The soft data raised odds the Federal Reserve will hold rates steady in October to 78%, up from 36% a week earlier. Nvidia, CrowdStrike, Palo Alto Networks and AMD all touched all-time highs, lifting the Nasdaq for the week even as the Dow and S&P 500 finished lower.
cnbc.com
· 2026-10-03
Micron reported quarterly results that Jim Cramer called a 'great quarter,' but the stock dropped anyway amid concerns over its gross margin outlook and increased capital spending plans. Cramer noted Micron now has 26 strategic customer agreements, up from 16 last quarter, giving it better visibility into future demand, and he remains positive on the company's long-term outlook despite near-term stock weakness.
cnbc.com
· 2026-10-01
CNBC's Eamon Javers published an investigation into John Harold Rogers, a former senior Federal Reserve official arrested by the FBI in January 2025 on suspicion of passing central bank information to a Chinese government agent. Investigators say a personal relationship exploited by the alleged agent became entangled with Rogers' professional access, though his lawyers maintain he shared no valuable information. The Fed and its Inspector General's office declined to comment, and Rogers declined to be interviewed.
cnbc.com
· 2026-09-30
Smart ring maker Oura has postponed its US stock market listing, which would have valued the company at up to $15bn, citing uncertainty in the IPO market. The firm had filed documents just over a week earlier to raise as much as $2.2bn by selling shares priced between $40 and $44 on Nasdaq. CEO Tom Hale said the company can choose when to revisit going public.
bbc.co.uk
· 2026-09-29
U.S. stocks posted a volatile week as Treasury yields hit multidecade highs, with the 10-year topping 5.2% and the 30-year touching 5.5%. Despite rising rate-hike expectations after strong manufacturing data and comments from Fed Governor Michael Barr, the Nasdaq gained 2%, the S&P 500 rose 1%, and the Dow added 0.3%, lifted by strength in Meta and Microsoft shares.
cnbc.com
· 2026-09-26
A financial advisor breaks down how trillions of dollars sitting in low-interest checking and savings accounts are quietly losing value. With savings accounts averaging just 0.38% APY against 3.4% inflation, that cash loses more than 2% of real purchasing power annually, even as the balance stays unchanged.
entrepreneur.com
· 2026-09-21
Chicago Fed President Austan Goolsbee said Monday that the central bank might need to accept higher unemployment as a cost of bringing down persistently high inflation. He noted that supply shocks create a short-term conflict between the Fed's dual goals of stable prices and maximum employment, forcing policymakers to prioritize one over the other.
fastcompany.com
· 2026-09-21
Wall Street saw another volatile week as the Federal Reserve raised interest rates a quarter point to a range of 3.75%-4%, its first hike in three years, while renewed concerns about AI safety rattled tech stocks. The Dow fell 1.7% for its third consecutive losing week, led by steep declines in bank stocks including Goldman Sachs, which dropped nearly 8.5%. The S&P 500 and Nasdaq held up better, with the Nasdaq even gaining slightly as investors bought back into AI names after an early sell-off, while oil price swings tied to Mideast tensions added further pressure on companies like Boeing and FedEx.
cnbc.com
· 2026-09-19
Canadian officials have responded positively to a proposal from the European Union that would grant Canada 'associate member' status in some EU framework. The specific scope and terms of the arrangement were not detailed in the available report, which instead focused on an unrelated segment about US interest rate hikes.
bbc.com
· 2026-09-17
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