Bloomberg Money Minute: Stocks Fall on Fed Rate Fears; Softbank Plans Giant AI Hub
28 segments
This is a Bloomberg Money Minute. Stocks
are under pressure with no end to the
war with Iran in sight. Investors are
also worried the Fed might raise
interest rates sometime between now and
October instead of cutting them. Shares
of Super Micro Computer plunging.
Co-founders been charged with illegally
diverting billions of dollars in Nvidia
powered servers to China in violation of
US export controls. Rosie forecast from
FedEx. It's raising its fullear profit
forecast even with rising fuel costs.
Soft Bank working on a giant Ohio AI
data center. It's planning to power with
billions of dollars worth of natural gas
fired electricity. It would be the
biggest power sucking AI data center in
the country. And GIF peanut butter
spreading the word. Simplifying
ingredients with a new unsweetened
creamy peanut butter. Now with just
three ingredients, peanuts, salt, and
palm oil. All part of the brand's simply
lineup. Highlighting ingredients you can
understand and also highlighting the
protein content. Denise Peliguini,
Bloomberg.
Ask follow-up questions or revisit key timestamps.
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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