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October 15, 2026

Thursday, October 15, 2026: September PPI Jumps 1.3% as Gasoline Surges 20%

The Daily Briefing · Thursday, October 15, 2026
September PPI Jumps 1.3% as Gasoline Surges 20%
September PPI Jumps 1.3% as Gasoline Surges 20%
US producer prices rose 1.3% in September and 6.3% from a year earlier, the biggest annual gain since 2022, pushing interest rates back to center stage.
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Also today
Nvidia Falls 3.2% as Chip Selloff Deepens in 2026
Nvidia Falls 3.2% as Chip Selloff Deepens in 2026
Nvidia (NVDA) fell 3.2% to $221.30 and led a global chip selloff after hot CPI, as CEO Jensen Huang said it would cut off buyers developing unsafe AI.
ASML Q3 2026: Record €11.7B Sales, Yet Shares Slide
ASML Q3 2026: Record €11.7B Sales, Yet Shares Slide
ASML posted record Q3 2026 sales of €11.7 billion and a sharp earnings beat, yet its shares sank to a 20, day low as the good news was already priced in.
Bank of America (BAC) Falls 5% on $1.2B Treasury Fine
Bank of America (BAC) Falls 5% on $1.2B Treasury Fine
Bank of America (BAC) shares fell nearly 5% after a $1.2 billion FinCEN penalty and a Q3 2026 earnings miss, as EPS dropped to 91 cents from an expected $1.10.
Apple Closes Above $5 Trillion as Nasdaq Falls 1.9%
Apple Closes Above $5 Trillion as Nasdaq Falls 1.9%
Apple (AAPL) closed above a $5 trillion market cap for the first time on Oct. 14, the second company after Nvidia, as the Nasdaq fell 1.9% on hot inflation.
More headlines
TSMC Q3 2026 Earnings: Sixth Record Profit in Focus
TSMC (TSM) reports Q3 2026 earnings today, with net profit seen up about 65% to a record NT$746.3 billion as investors test AI demand amid a chip rout.
Russia Strikes Kyiv, Kharkiv After Trump Energy Ceasefire
Russia fired 39 missiles and 128 drones overnight at Kyiv and Kharkiv, leaving about 600,000 without power days after Trump announced an energy ceasefire.
Fed Rate Hike Odds Near 46% as Brent Tops $107
Hot September inflation lifted October Fed rate hike odds to about 46% while Brent crude topped $107 on Gulf tensions, pushing Bitcoin and gold lower.
Kospi Falls 7%, Nikkei 4% as Asia Stock Market Rout Deepens
Kospi sank about 7% and the Nikkei 4% as Samsung, SK Hynix and SoftBank slid on Fed rate, hike fears and AI, debt worries, hitting Asia's chip, heavy markets.
GlobalFoundries Picked for $21B Japan, Funded Malta Fabs
GlobalFoundries (GFS) will operate two Malta, New York chip fabs backed by up to $21 billion from Japan under the US, Japan trade deal; the first opens in 2029.
Aramco Dhahran Headquarters Hit by Houthi Missile Strike
A Houthi missile hit Saudi Aramco's Dhahran headquarters on October 13, damaging three floors and lifting Brent crude above $106 as Gulf tensions escalate.
CoreWeave Falls 16% as Bond Yields Near 15%
CoreWeave fell 16% and Oracle 9% as bond yields neared 15%, stoking fears over AI borrowing and pulling the Nasdaq down nearly 2% on Wednesday, Oct. 14.
Market briefs
Wholesale Prices Jump 1.3% as Gasoline Costs Surge
Producer prices (PPI) rose 6.3% from a year ago, the most since 2022, even as retail sales rose 0.8%.
5 sources
BHP Stock Falls 4.7% as AI Stocks Sell Off
BHP (BHP.AX) fell with Rio Tinto as copper slid 1.6%, while data, centre names NEXTDC and Megaport sank.
BHP:ASX · RIO:ASX · NXT:ASX · MP1:ASX · 4 sources
Walmart Stock Jumps 3.5% After Hot Inflation Report
Walmart (WMT) closed near $116 as investors sought safer stocks and the retailer expanded health benefits.
WMT · COST · TGT · 6 sources
Chip Stocks Fall 4.3% as RBC Downgrades Tech Sector
Nvidia (NVDA) fell 3.2% as RBC joined Deutsche Bank in trimming tech and favoring health care.
NVDA · AMD · MU · AVGO · 6 sources
From the startup desk
Modal Labs raises $750M at $15.75B valuation in 2026
Modal Labs (US) raised $750M led by Accel at a $15.75B valuation for AI cloud infrastructure.
Arena.ai Raises $200M Series B at $3.1B Valuation, 2026
Arena.ai (US) raised a $200M Series B at a $3.1B valuation for its evaluation platform for frontier AI models and agents.
Singularity Raises $80M at $400M for Interceptor Defense
Singularity (US) emerged from stealth with an $80M Series A at a $400M valuation for interceptor defense technology.
Video of the day
The Calendar Spread
The Calendar Spread
The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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