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The Daily Briefing · Wednesday, September 16, 2026
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Nike Exits S&P 100 After 79% Stock Collapse
Nike (NKE) will be removed from the S&P 100 on September 21, 2026, ending an 18, year membership after shares lost roughly 79% from their November 2021 peak.
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Also today
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Copper Hits Record $5.45 on LME Drain, China Export Ban
Copper broke $5.45/lb on the LME, a record, as global warehouse stockpiles fell to multi, decade lows driven by US, bound arbitrage flows.
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Iran Drone Strikes Force Hormuz Shipping Halt
Iranian drone fire struck two commercial tankers near the Strait of Hormuz over the weekend, escalating the US, Iran maritime conflict to a new threshold.
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Warsh: Fed Will Restart Rate Hikes on Sticky Inflation
Warsh explicitly conditioned any rate pause on "credible deceleration" in inflation, setting a higher bar than the FOMC dot plot projected
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Iran, Gulf Talks Collapse, Oil Tightens Into Q4
Iran, Gulf talks suspended indefinitely after precondition deadlock, removing the sole diplomatic de, escalation catalyst priced into oil forward curves.
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More headlines
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Fed Holds Rates at 3.50%, Shocks Markets
The Fed held its policy rate at 3.50–3.75% in a divided committee vote, confounding market consensus that had priced a 25, basis, point increase.
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SK Hynix, Intel in Talks Over Ohio Memory Fab
Intel (INTC) gained as much as 5% and SK Hynix surged 3% after reports of exploratory talks surfaced September 16, 2026.
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Biotech VC Hits $500M as Capital Rotates From AI
Weekly biotech VC funding exceeded $500 million, the sector's strongest single, week tally since the 2021 post, pandemic bull cycle.
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PLTR Reclaims $172 With $188 Breakout in Sight
PLTR shares gained 3.4% on September 14 to $173.31, breaking above the $171.56, $172.01 resistance band that had capped the prior rally
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ECB 2.50% Rate Takes Effect as Inflation Outlook Firms
The ECB deposit facility rate rises to 2.50%, effective September 16, 2026, the highest level in over a decade.
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Saudi Aramco Force Majeure Rocks European Oil Supply
Saudi Aramco issued formal force majeure notices cancelling September crude shipments to European buyers, citing the shuttered East, West pipeline with no resumption timeline.
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Gold Hits 6, Week Low as Fed Dot Plot Lifts Dollar
Gold (GLD) settled at $2,263/oz, the lowest close in six weeks, as the dollar index reached 99.57.
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Market briefs
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From the startup desk
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Video of the day
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Choose Your Player: The 4 Investing Personas
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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