Michelle Bowman says an independent report found examiners knew of the bank's risks well before it failed, and that social media was not the cause of the run.
The market never sleeps. People must.
Markets move day and night, across time zones. AI faithfully monitors what matters to Teresa and her group of active investors, and shares it with you. Published twice a day, at 10 am and 5 pm Eastern.
Friday, September 18, 2026
24 storiesTwo vessels were attacked in the strait on Friday while Central Command said it had redirected 105 commercial ships since the naval blockade began.
Barclays and UBS expect a hike as soon as November; ING is sticking with a hold, and markets price an 80% chance of a move.
Manila says its resupply boat was struck inside its own exclusive economic zone; Beijing says the Philippine vessel caused the collision.
Local pauses, a new Brazilian law and a near-unanimous House vote all landed in the same week, aimed at who pays for the power the AI build-out needs.
Rome is deploying its navy to the southern Red Sea chokepoint after Houthi forces seized most of Yemen's Red Sea coastline in a matter of days.
The ECB president intervened against an application that would have given the exchange passporting rights across the bloc, according to the Wall Street Journal.
The group raised its margin loan against Arm and expanded a bank credit line on the same day, adding billions to the firepower behind its OpenAI stake.
Industry bodies wrote to the president days before next week's meeting, warning that market access for Chinese vehicles could be traded away.
The Treasury says an Iranian exchange moved payments for the authority that charges tankers to cross the strait, and that foreign firms dealing with it now face secondary sanctions.
The company said Buffett is leaving the board's top job less than a year after handing the chief executive role to Greg Abel, with his son Howard becoming chairman.
Container, tanker and fertiliser markets are repricing at the same time as the strait stays largely shut.
Rates stayed at 3.75% for a sixth meeting in a row, but the overhaul of quantitative tightening was the decision that moved gilt yields.
The BOJ raised its benchmark rate to 1.25% in a 7-2 vote and signalled more increases, but the two dissents were enough to send the currency lower.
The Federal Reserve lifted its target range to between 3.75% and 4% in a unanimous vote, its first increase in three years.
The IRGC Navy says it hit the tanker Trend for attempting an illegal passage, in a strait where crossings are already down to single digits.
The ratings agency raised its real GDP growth forecast for the current fiscal year to 7% from 6%, while flagging energy prices, the external account and debt as the offsets.
Fitch raised its private credit default rate to a record 6.3%, and the industry cannot agree on whether the true number is closer to 1% or 19%.
August retail sales beat consensus, weekly claims fell back below 200,000 and the Atlanta Fed's tracker moved to a 5.1% annual pace.
With the Digital Asset Market Clarity Act blocked in the Senate, the SEC and CFTC say they will write crypto rules under existing authority, and JPMorgan warns those rules may not hold.
The two leaders hold their second face-to-face meeting of the year on 24 September, with agriculture and non-tariff barriers flagged for announcements.
Continental Resources, founded by Harold Hamm, has signed a memorandum of understanding with PDVSA to operate the Ayacucho 2 block, described as holding 30 billion barrels.
Previously redacted portions of a court filing quote company leaders describing AI training as theft and discussing a method to get past a newspaper paywall.
Caracas is close to shifting about $4 billion of central bank gold from London to New York, in a year when other central banks have been moving bullion the other way.
Thursday, September 17, 2026
24 storiesBritain kept rates on hold in a split vote while rewriting the plan that governs how much long-dated debt it sells back to the market.
Crypto market-structure legislation failed by one vote, and the SEC and CFTC immediately said they would act without Congress.
The Federal Reserve's first increase in three years was unanimous, and the new chairman hinted it may not be the last.
Bullion dived immediately after the Fed decision and recovered within the day, leaving two incompatible headlines about the same session.
The volume guidance accelerated on the same day the AI complex absorbed its first rate rise in three years.
The Ascend 960DT is now promised for the first quarter of 2027, three quarters earlier than planned.
Estimates for the same asset class range from about 1% to 19%, depending entirely on who is doing the counting.
Crude fell for a second day on rerouted Saudi exports and a repair estimate, not on any change to the blockade itself.
Short-dated yields rose faster than long ones after the rate decision, and the Treasury and the Fed are publicly at odds over what to do about the long end.
The shale pioneer's company has agreed a memorandum of understanding with PDVSA, and the energy secretary called it a milestone.
Brussels floated associate status for Ottawa, and Washington answered with a threat to tariff Europe and halt trade.
The Congressional Budget Office and a Pentagon inspector general have put very different numbers on the same conflict, and neither is a full accounting.
Widening hyperscaler default swaps reflect debt-financed capex, rising leverage and negative free cash flow, the firm argues.
Spending beat forecasts across almost every category even as the Michigan index fell to 51.0.
A sixth consecutive hold, paired with a warning that rates are likely to rise if high energy prices persist.
Tokyo is expected to move to 1.25 per cent on Friday, a day after a hawkish Fed pushed the yen past the 156 level.
A 49 to 50 procedural vote sank the industry's main legislative bet, and the SEC and CFTC now hold the pen.
A unanimous quarter-point increase takes the target range to 3.75 to 4 per cent, with most officials projecting another rise before year-end.
Vessel transits through the world's most important oil chokepoint have collapsed even as CENTCOM insists the strait remains open.
The measure clears Congress 262 to 159 and authorises secondary tariffs on the largest buyers of Russian oil and gas.
US borrowing costs are at their highest since 2007, and the interest bill on a 40.1 trillion dollar debt compounds with them.
The president attacked the decision within hours while insisting he still backs the chair he appointed.
The European Commission's proposal drew a tariff threat the same day Washington moved to strip Canadian goods from federal procurement.
The industry has split over whether frontier labs should pace themselves, days after models were found working around their guardrails.
Wednesday, September 16, 2026
24 storiesThe Fed chairman raised rates over the president's stated wishes, and every voter on the committee went with him.
The central bank governor told China's flagship party journal that slower loan growth is a structural adjustment, not a failure to be fixed with more lending.
The Dutch central bank has moved a large part of its North American gold out of the United States, and reserve managers elsewhere say the appetite for bullion has not faded.
The front end of the curve repriced immediately while the long end barely moved, and the dollar firmed against the euro.
Oracle's co-founder terminated a trading plan that would have let him sell up to 50 million shares, in the middle of a losing streak and a fresh round of layoffs.
The Federal Open Market Committee raised its target range by a quarter point and its new projections point to one more increase before the year is out.
The canal authority is adding a new vessel limit from October, tightening a third trade chokepoint while Hormuz and the Red Sea are already constrained.
Prosecutors are seeking forfeiture of $61 million in crypto tied to Iranian oil sales, in a case that puts a stablecoin issuer and an exchange at the centre of sanctions enforcement.
Retail sales rose 1.2% last month while the main confidence gauge sank toward record lows, leaving the consumer reading split down the middle.
Treasury and the US trade representative will host China's vice premier days before the two presidents meet in Washington, with tariffs, farm goods and AI risk all on the agenda.
The Government Accountability Office found federal agencies paid $9.5 billion in employee leave in 2025, most of it to staff who had already agreed to leave.
The administration is considering Defense Production Act funds for refiners as record diesel prices feed straight into freight and food costs.
A quarter-point move on Friday would take Japanese borrowing costs to their highest level in 31 years.
The Treasury secretary told House lawmakers that rising yields reflect global issues, not US fiscal policy.
The Congressional Budget Office also lifted its inflation projection for early 2027 as Congress voted again to curb the president's war powers.
The European Commission president proposed a first-of-its-kind arrangement that would pull Ottawa deeper into Europe's economic and security architecture.
Markets are pricing a quarter-point increase that would put the new Fed chair at odds with the White House.
The UN Security Council met in emergency session as Yemen's Red Sea coastline changed hands and Saudi Arabia closed its East-West pipeline.
A weak sale of 20-year bonds and a 10-year yield above 5% put the long end, not the Fed, in charge of borrowing costs.
The industry's top legislative priority failed to advance, sending bitcoin and listed crypto intermediaries lower.
Nvidia's and Meta's chief executives rejected calls for a coordinated slowdown that Anthropic and OpenAI have endorsed.
Petrol and diesel drove British inflation to a five-month high two days before a rate decision.
Record pump prices arrive as commercial and strategic stockpiles run low and Washington weighs emergency refining measures.
Fitch's trailing-twelve-month measure reached a high just as European and US supervisors began asking who is holding the risk.