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Bloomberg Money Minute: Stocks Fall on Fed Rate Fears; Softbank Plans Giant AI Hub

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Bloomberg Money Minute: Stocks Fall on Fed Rate Fears; Softbank Plans Giant AI Hub

Transcript

28 segments

0:00

This is a Bloomberg Money Minute. Stocks

0:02

are under pressure with no end to the

0:03

war with Iran in sight. Investors are

0:06

also worried the Fed might raise

0:07

interest rates sometime between now and

0:09

October instead of cutting them. Shares

0:11

of Super Micro Computer plunging.

0:14

Co-founders been charged with illegally

0:16

diverting billions of dollars in Nvidia

0:18

powered servers to China in violation of

0:20

US export controls. Rosie forecast from

0:23

FedEx. It's raising its fullear profit

0:25

forecast even with rising fuel costs.

0:28

Soft Bank working on a giant Ohio AI

0:30

data center. It's planning to power with

0:33

billions of dollars worth of natural gas

0:35

fired electricity. It would be the

0:36

biggest power sucking AI data center in

0:39

the country. And GIF peanut butter

0:41

spreading the word. Simplifying

0:42

ingredients with a new unsweetened

0:44

creamy peanut butter. Now with just

0:46

three ingredients, peanuts, salt, and

0:49

palm oil. All part of the brand's simply

0:51

lineup. Highlighting ingredients you can

0:53

understand and also highlighting the

0:55

protein content. Denise Peliguini,

0:57

Bloomberg.

Interactive Summary

The stock market is experiencing pressure due to the ongoing conflict with Iran and concerns that the Federal Reserve might increase interest rates instead of decreasing them. Super Micro Computer's stock has fallen significantly following charges against its co-founders for allegedly diverting billions of dollars worth of Nvidia-powered servers to China, violating US export controls. Despite rising fuel costs, FedEx has raised its full-year profit forecast. Soft Bank is developing a large AI data center in Ohio, which will be powered by natural gas-fired electricity and is expected to be the largest power-consuming AI data center in the US. Additionally, Skippy is introducing a new unsweetened creamy peanut butter with only three ingredients: peanuts, salt, and palm oil, as part of its Simply line, which emphasizes understandable ingredients and highlights protein content.

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