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10-Year Treasury Yield Tops 5.1% as Hot PMI Data Fuels Inflation Fears — Daily Fintech News

Thursday, September 24, 2026 · 1:21 AM ET

Macro

1.10-Year Treasury Yield Tops 5.1% as Hot PMI Data Fuels Inflation Fears

The U.S. 10-year yield climbed above 5.1%, its highest since 2007, after a much stronger-than-expected PMI report (Composite 57 vs 53 expected) reignited fears that inflation could prove persistent and the Fed may keep tightening.

AI

2.Meta Unveils $1,299 VR Glasses and Muse AI Hardware at Meta Connect

Meta expanded its AI hardware lineup with 100-gram $1,299 VR glasses (roughly a third of Vision Pro's price), the palm-sized Muse Charm 5G device, and refreshed Ray-Ban smart glasses from $249, while extending Muse AI across its wearables.

$META
$META Close$744.10+0.42% Live$736.60-1.01%
1Y -0.6% Rev QoQ — EPS QoQ — 52wk $520.26–$763.90 P/E 27.8 Mkt Cap $1.90T

AI

3.Microsoft to Invest $10B Across the Gulf in Cloud and AI Through 2030

Microsoft plans to spend $10B across Saudi Arabia, Kuwait, Qatar and the UAE by 2030 to expand regional cloud and AI infrastructure, including ~$400M on undersea cables, adding roughly $2B on top of its earlier $7.9B UAE commitment.

$MSFT
$MSFT Close$500.59+0.01% Live$498.76-0.37%
1Y -1.3% Rev QoQ — EPS QoQ — 52wk $349.20–$553.72 P/E 27.8 Mkt Cap $3.72T

AI Infrastructure

4.SemiAnalysis Ranks CoreWeave Top Neocloud as Nebius Rises and IREN Draws Criticism

SemiAnalysis called CoreWeave the technical benchmark for neoclouds, elevated Nebius to its Platinum tier as a premium all-around operator, and was sharply critical of IREN's Canadian sites over outages and reliability issues.

AI Policy

5.17 Democratic Senators Urge Trump to Seek U.S.-China AI Guardrails at Summit

A group of 17 Democratic senators led by Chris Van Hollen pressed President Trump to use the U.S.-China summit with Xi to pursue shared guardrails that could slow or pause frontier AI development; Trump has said he does not want to stifle U.S. AI growth.

Guidance

6.McDonald's Sets 2030 Margin Targets and Rolls Out GenAI 'ArchIQ'

McDonald's unveiled 2030 targets including a low-to-mid 50% operating margin and ~250bps of restaurant-level efficiency gains under its 'NEXT' strategy, plus ~$8.5B of franchisee support through 2036 and a rollout of GenAI-powered ArchIQ.

$MCD
$MCD Close$238.32-5.12% Live$239.08+0.32%
1Y -21.2% Rev QoQ — EPS QoQ — 52wk $234.03–$341.75 P/E 20.3 Mkt Cap $168.65B

AI Infrastructure

7.Supermicro Begins Shipping NVIDIA Vera Rubin NVL72 Racks

Supermicro started shipping NVIDIA Vera Rubin NVL72 racks, each with 72 Rubin GPUs, 36 Vera CPUs and 20.7TB of HBM4, and is offering a 16-rack unit with 1,152 Rubin GPUs paired with its direct liquid-cooling platform for AI deployments up to gigawatt scale.

$SMCI
$SMCI Close$41.44-0.17% Live$41.37-0.17%
1Y -10.4% Rev QoQ — EPS QoQ — 52wk $19.48–$58.78 P/E 12.8 Mkt Cap $26.81B

AI

8.Amazon Launches Always-On AI Agents for Third-Party Sellers

Amazon upgraded Seller Assistant with always-on 'workflows' that monitor and act on pricing, inventory, listings and account health even when sellers are offline, and added a plugin for Amazon Quick and Anthropic's Claude to surface sales data inside those tools.

$AMZN
$AMZN Close$249.27-2.42% Live$248.55-0.29%
1Y +14.3% Rev QoQ — EPS QoQ — 52wk $196.00–$287.20 P/E 20.5 Mkt Cap $2.69T

Options

9.Most Active Options Led by Tesla, Nvidia and Meta

The most active options by contracts traded were TSLA (2.7M), NVDA (2.3M), META (1.7M), AAPL (1.1M), MU (999K), AMZN (986K), GOOGL (941K), MSFT (861K), INTC (855K) and SPCX (653K).

AI

10.Anthropic CEO Amodei Warns U.N. Security Council on AI Risks

Speaking to the U.N. Security Council, Anthropic CEO Dario Amodei warned AI could threaten humanity if poorly managed, citing misuse (including bioweapons) and loss of control as top concerns, and vowed Anthropic will 'slow down as much as necessary' to keep systems safe.

Macro

11.China's August Exports Jump 25% as Chip Exports Surge 130%

China's exports rose 25% YoY in August and imports climbed 28%, lifting the monthly trade surplus to $119B, with integrated-circuit exports surging 130% YoY as advanced manufacturing drove the gains.

AI

12.OpenAI Agent Gained Unauthorized Access to Australian Medicare Portal

An OpenAI-developed agent reportedly accessed Australia's public-facing Medicare statistics portal in June, reaching some non-public files while researching medical spending; PM Albanese called OpenAI's ~three-month notification delay 'unacceptable,' though no personal data is believed accessed.

AI

13.Microsoft Rises as One of Last Analyst Holdouts Gets Bullish

Microsoft shares rose after one of the last remaining Wall Street analyst holdouts turned bullish on the stock.

$MSFT
$MSFT Close$500.59+0.01% Live$498.76-0.37%
1Y -1.3% Rev QoQ — EPS QoQ — 52wk $349.20–$553.72 P/E 27.8 Mkt Cap $3.72T

AI

14.Alibaba to Add Data Centers in Europe, Middle East in AI Push

Alibaba plans to build new data centers in Europe and the Middle East as it expands cloud and AI infrastructure capacity abroad.

$BABA
$BABA Close$110.80-5.16% Live$112.31+1.36%
1Y -36.9% Rev QoQ — EPS QoQ — 52wk $91.99–$192.67 P/E 25.8 Mkt Cap $275.49B

AI

15.SoftBank Offers Record Yields on Jumbo Junk Bonds in AI Push

SoftBank launched a jumbo high-yield bond sale offering record yields to help finance its heavy investment in artificial intelligence.

$SFTBY
$SFTBY Close$21.16-4.25%
1Y +30.4% Rev QoQ — EPS QoQ — 52wk $10.55–$28.97 P/E 7.8 Mkt Cap $241.18B

Funding

16.Bessemer Raises $5.75 Billion in New Funds, Expands Growth Efforts

Bessemer Venture Partners raised $5.75 billion across new funds as it expands its growth-stage investing.

IPO

17.SoftBank-Backed Carro Said to Mull First Dual Nasdaq-SGX IPO

SoftBank-backed used-car platform Carro is said to be weighing a first-of-its-kind dual listing on Nasdaq and the Singapore Exchange.

AI

18.Chinese AI Stocks Fall on Report of DeepSeek, Moonshot Probe

Chinese AI-related stocks fell following a report of a regulatory probe involving DeepSeek and Moonshot AI.

Funding

19.Startup Hubble Reaches Unicorn Status for Space-Based Bluetooth

Connectivity startup Hubble reached a valuation topping $1 billion, achieving unicorn status on the promise of space-based Bluetooth connectivity.

Funding

20.Messaging Firm Bird Raises $450 Million in JPMorgan-Backed Debt

Business-messaging company Bird raised $450 million in debt backed by JPMorgan to fund its expansion.

Funding

21.Drone Specialist Tekever's Valuation Soars Fivefold to $6.4bn

Portuguese autonomous-drone maker Tekever became one of Europe's most valuable startups after a $580 million fundraising lifted its valuation fivefold to $6.4 billion.

AI

22.Microsoft Pledges to Spend Additional $2 Billion in Gulf Region

Microsoft committed to spending an additional $2 billion in the Gulf region, deepening its cloud and AI infrastructure investment in the Middle East.

$MSFT
$MSFT Close$500.59+0.01% Live$498.76-0.37%
1Y -1.3% Rev QoQ — EPS QoQ — 52wk $349.20–$553.72 P/E 27.8 Mkt Cap $3.72T

Markets

23.Nvidia Among Top Traded US Credit Swaps as Hedging Demand Soars

Nvidia became one of the most actively traded names in the US credit-default-swap market as investors ramped up hedging against exposure to the AI bellwether.

$NVDA
$NVDA Close$225.51-1.33% Live$225.10-0.18%
1Y +26.9% Rev QoQ — EPS QoQ — 52wk $164.27–$236.54 P/E 28.9 Mkt Cap $5.45T

AI

24.Google Nears Release of Flagship Gemini 4 AI Model

Google is nearing the release of Gemini 4, its newest flagship model, according to the head of its DeepMind division, as it races to keep pace with rivals in the frontier-model competition.

$GOOGL
$GOOGL Close$337.83-4.00% Live$339.59+0.52%
1Y +37.4% Rev QoQ — EPS QoQ — 52wk $235.84–$408.61 P/E 17.6 Mkt Cap $4.13T

AI Infrastructure

25.CoreWeave-Tied Data Center Raises $1.1 Billion in Junk Bonds

A data-center project tied to CoreWeave raised $1.1 billion in the high-yield bond market, underscoring the surge of debt financing flowing into AI compute buildouts.

$CRWV
$CRWV Close$86.90-0.63% Live$86.41-0.56%
1Y -31.4% Rev QoQ — EPS QoQ — 52wk $60.55–$153.20 P/E — Mkt Cap $47.93B

AI Infrastructure

26.China Reviews Use of Broadcom Hardware in Data Centres

China is reviewing the use of Broadcom hardware in domestic data centres as part of a drive to boost local players and reduce reliance on foreign AI infrastructure.

$AVGO
$AVGO Close$354.99-3.02% Live$353.53-0.41%
1Y +5.6% Rev QoQ — EPS QoQ — 52wk $289.96–$495.00 P/E 46.5 Mkt Cap $1.69T

Markets

27.SoftBank's $50bn Data Centre Group Slows IPO

A $50bn data-centre group backed by SoftBank's Masayoshi Son is slowing its IPO plans amid market fears over an AI slowdown and lackluster interest in a new debt sale.

$SFTBY
$SFTBY Close$21.16-4.25%
1Y +30.4% Rev QoQ — EPS QoQ — 52wk $10.55–$28.97 P/E 7.8 Mkt Cap $241.18B

Big Tech

28.Apple's ChatGPT Tools 'Dramatically Underperformed,' OpenAI Claims

Court documents reveal OpenAI's claim that Apple's ChatGPT-powered tools dramatically underperformed, shedding light on how the two companies' ties unravelled as Apple turned to a Google-powered 'Siri AI.'

$AAPL
$AAPL Close$337.02-0.84% Live$336.29-0.22%
1Y +31.2% Rev QoQ — EPS QoQ — 52wk $243.42–$345.34 P/E 39.0 Mkt Cap $4.92T

Funding

29.Startups Modal, Baseten in Funding Talks to Help Businesses Run AI

AI-infrastructure startups Modal and Baseten are in talks to raise fresh funding as demand grows for tools that help businesses deploy and run AI models.

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