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2026-10-07

San Francisco Fed President Daly said AI-driven chip demand could spread beyond high-end AI chips into the semiconductor market; some firms are already broader front-loading memory purchases and redesigning products to use fewer chips. She warned AI-

San Francisco Fed President Daly said AI-driven chip demand could spread beyond high-end AI chips into the semiconductor market; some firms are already broader front-loading memory purchases and redesigning products to use fewer chips. She warned AI-related price pressures may not be a one-off and could take longer than the Fed’s typical 1–3 year horizon to subside. Daly said she fully supports a September rate increase; whether further tightening is needed will depend on whether shocks from AI, tariffs and Middle East-driven energy price rises abate — if they persist or overlap, additional hikes may be required, but if they prove temporary further hikes may not be necessary.
2026-10-07

Wall Street Journal reports NVIDIA-backed cloud computing firm Lambda is raising up to $4 bln at a $14.5 bln pre-money valuation.

Wall Street Journal reports NVIDIA-backed cloud computing firm Lambda is raising up to $4 bln at a $14.5 bln pre-money valuation.
2026-10-07

According to the Wall Street Journal, sources familiar with the matter said that Lambda, the cloud computing company backed by Nvidia (NVDA.O), is raising up to $4 billion at a pre-money valuation of $14.5 billion.

According to the Wall Street Journal, sources familiar with the matter said that Lambda, the cloud computing company backed by Nvidia (NVDA.O), is raising up to $4 billion at a pre-money valuation of $14.5 billion.
2026-10-07

U.S. Energy Secretary Wright said U.S. farmers and truckers will soon feel lower diesel costs.

U.S. Energy Secretary Wright said U.S. farmers and truckers will soon feel lower diesel costs.
2026-10-07

U.S. Energy Secretary Wright: American farmers and truck drivers will soon feel the drop in diesel costs.

U.S. Energy Secretary Wright: American farmers and truck drivers will soon feel the drop in diesel costs.
2026-10-07

Iran summoned France’s ambassador in Tehran, accusing French authorities of using violence against student protests and of widespread human rights abuses. Iran’s foreign ministry urged France to respect basic rights, including the right to peaceful a

Iran summoned France’s ambassador in Tehran, accusing French authorities of using violence against student protests and of widespread human rights abuses. Iran’s foreign ministry urged France to respect basic rights, including the right to peaceful assembly.
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