Kansas City Fed's Jeff Schmid said the central bank is trying to work out whether the data-centre boom is creating systemic exposures it would have to stand behind.
Friday, September 25, 2026
24 storiesA divided DC Circuit panel found the Defense Department acted lawfully when it designated the AI company a supply chain risk after contract talks collapsed.
One of the most closely watched credits in the high-yield municipal market has gone into bankruptcy protection while its Florida service continues to operate.
The University of Michigan's final September index came in at 48.1 as households told the survey they expect faster price increases over the year ahead.
The warehouse retailer's fourth-quarter beat leaned on a one-off customs repayment, and the reported size of the profit gain differs between accounts.
The security agreement signed in New York opens two military sites and expands Arctic access, while Denmark says Washington will have to pay for them.
The Cleveland Fed president told a New York audience that long-term Treasury yields are being driven by growth, debt and the expected rate path, and put the real inflation risk elsewhere.
Iraq has halted Iranian flights at all four of its airports, and an adviser to Iran's supreme leader has warned that neighbouring countries' aviation could be disrupted in response.
Senior leaders have reopened talks about combining with a foreign bank after Swiss lawmakers backed rules that would bind billions of dollars against the bank's overseas units.
The seizure at a Caribbean lender has left funds belonging to the world's largest stablecoin issuer stuck, and the reported size of the action differs between accounts.
Treasury Secretary Scott Bessent and Finance Minister Satsuki Katayama held a call on the currency a day after Trump raised the weak yen directly with Japan's prime minister.
A Government Accountability Office report says the immigration agency committed billions to new detention initiatives without the analysis or the strategic plan to support them.
OpenAI and Anthropic pressed for international safety standards this week; the White House rejected the idea outright and Meta and Nvidia sided with it.
Chris Wright says the administration is not pursuing an outright export ban, even as the White House keeps a ninety-day version under review.
Officials from New York, Philadelphia, Cleveland and the Board of Governors all argued this week that inflation still requires higher rates.
The Board opened comment on two GENIUS Act proposals requiring full backing in permissible liquid assets and setting capital charges for the issuers it supervises.
Tehran has given Washington a plan to reopen the Strait of Hormuz within a week of its conditions being accepted, and negotiators are exploring a phased deal.
Canberra disclosed the Medicare statistics breach at the United Nations and says legal consequences will follow.
A stalled power connection at a New Mexico data centre campus has Oracle seeking to defer lease payments and its credit default swaps at a record high.
The group raised 11.1 billion dollars in dollar and euro bonds to pay for the final tranche of an investment it has now committed 64.6 billion dollars to.
The Washington summit extended the truce that ended last year's trade war to January 10 but produced none of the broader detail markets had been primed for.
The shortfall reached 246.0 billion dollars, but outlets disagree on the size of the increase and on whether the figure beat or missed expectations.
Thin demand at the five-year and seven-year sales fed a global selloff that has lifted every point on the US curve toward two-decade highs.
Beijing used the White House summit to ask for a change in US declaratory policy on Taiwan; Taiwan's foreign ministry called the account a distortion of facts.