Newsweek reports that President Donald Trump has fired White House press secretary Katie Zacharia after a turbulent tenure, following criticism of her brief first briefing and questions about her legal background. She has since confirmed she did not pass the California bar exam, though being an attorney is not required for the role. The Consumer Price Index rose 0.6 percent in September, up from 0.4 percent in August, lifting annual inflation to 3.7 percent from 3.4 percent. In FCC v. Brown, the Supreme Court sided 7-2 with the Trump administration, blocking a Fourth Circuit ruling that required the FCC to resolve political advertising challenges within 48 hours. Trump also said he “might have gone too far” with the Iran war and that the conflict will end “very soon.”
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on newsroomamerica.com ↗
Related tickers and likely impact
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- US Treasury yields nudge higher as AI fears ebb
- Bangkok Post - Central bankers eye higher rates as AI boom fuels scramble for cash
The AI investment boom is fueling a global scramble for money, prompting central bankers at the IMF and World Bank meetings in Bangkok to consider that interest rates may stay higher for longer. Federal Reserve Chair Kevin Warsh called it a shock that hits demand before supply, and warned the transition could be "very bumpy." G20 officials said a slight reassessment of AI earnings expectations could trigger sharp market turmoil, as this week's Asian tech selloff showed. Neutral rates (R-star) may be rising, and sovereign bond yields in many countries have reached levels not seen since before the global financial crisis, especially in the euro zone and France. Economists expect the Bank of England to raise rates on Nov 5, while markets have priced in another move by the ECB and Fed in December after both raised rates in September.
- US homebuilder sentiment tumbles to near 14 - 1 / 2 - year low in October
The NAHB/Wells Fargo Housing Market Index fell three points to 29 in October, its lowest level since June 2012 and below the 31 economists had forecast. Builders blamed the Middle East conflict, which pushed mortgage rates higher, with the 30-year fixed rate averaging 7.40% last week, the highest in nearly three years, as well as labor shortages from an immigration crackdown and higher costs from tariffs. The share of builders cutting prices rose to 43%, the highest of the 2020-2026 period, while 65% used sales incentives. Buyer traffic fell five points to 18, its lowest since April 2012 excluding the pandemic's onset, as higher mortgage rates, elevated construction costs and weaker consumer confidence kept buyers on the sidelines.
- U . S . Dollar Index Moves Above 102 , Below Earlier Comparison Levels
The U.S. Dollar Index rose 0.22% intraday and crossed 102 on Oct. 19, though it remains below earlier readings of 109 in January 2025 and 114 in September 2022. The index had not reached 101 between July 30 and Sept. 23, when it returned to that level. Reuters separately reported the index at 101.87 on Oct. 16, down 0.17%, a figure that appeared in EconoTimes' earlier coverage.
- Will the Fed Raise Rates This Month ? Here What Markets Say .
Consumer prices rose 3.7% year over year in September and 0.6% from August, while core inflation was 2.6% annually and 0.3% monthly, all above forecasts. The article says the data points to a second consecutive Fed rate hike at its Oct. 27-28 meeting, but futures traders put an 85.1% chance on rates staying at 3.75% to 4%, with a 74.1% chance of a hike when the Fed meets in early December. The two-year Treasury yield has eased from 4.93% to 4.73% but remains above the current rate, and futures traders see a 65% chance of at least three quarter-point hikes by the end of 2027, taking the rate to 4.5% to 4.75%. Research by Charles Schwab and others suggests stocks perform better when the Fed raises rates slowly, and the author views new Fed Chair Kevin Warsh, in office since May, as an incrementalist, which he considers good for investors.
- Euro drops amid high energy prices and street riots in France
The euro fell 0.2% to US$1.1218 as high energy prices and concerns over political stability in France grew after weekend riots and looting, described as some of the country's worst unrest in years. Prime Minister Sebastien Lecornu said he had asked some local municipalities to impose partial curfews. The spread between French OAT bonds and German bunds widened by about 40 basis points to above 150 bps early in the month and was last at 144 bps. Analysts said the euro would face sustained pressure only if French political tensions spilled over and weighed on sentiment across the eurozone. High oil prices, with Brent still above US$100, have supported the dollar while weighing on the euro and yen.
Related markets
Latest news
- JPMorgan Backs Two Defense Startups With $5 Billion
JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.
- X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights
X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.
- Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor
Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.
- Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”
NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.
- AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3
Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.
- Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.