Edition 371: 3 things investors need to know from last week!
This week’s headlines spotlight shifting interest rates, a potential U.S. semiconductor manufacturing deal, and OpenAI’s staggering $1.2 trillion-plus valuation ambitions.
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Fed Raises Rates as Inflation Stays Sticky: The Federal Reserve unanimously raised its benchmark interest rate by 25 basis points to 3.75%–4%, marking its first hike since July 2023. Officials now anticipate another increase this year as inflation remains above the Fed’s 2% target, while higher oil prices and geopolitical tensions add uncertainty. The Fed also slightly upgraded its 2026 economic growth outlook and lowered its unemployment projection.
Source: Yahoo Finance
Intel–SK Hynix Explore U.S. Chipmaking Deal: Intel and SK Hynix are reportedly discussing potential arrangements to manufacture memory chips in the U.S., including a possible lease of Intel’s Ohio facility or a joint venture. The exploratory talks could expand U.S. semiconductor manufacturing while giving Intel a potential major customer for its foundry business, though SK Hynix says no specific plans have been finalized.
Source: CNBC
OpenAI Eyes $1.2 Trillion+ Valuation: OpenAI is reportedly in early discussions with investors about a new funding round that could value the company at more than $1.2 trillion. The potential raise would strengthen the company ahead of a long-anticipated IPO, which CEO Sam Altman has indicated is more likely in 2027.
Source: Bloomberg
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