
Has the Bitcoin Rally Fizzled Out?
The cryptocurrency has struggled to hold above $80,000 since its mid-August surge. Analysts say progress this week on the Clarity Act and a Fed rate hold could provide boosts.
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The cryptocurrency has struggled to hold above $80,000 since its mid-August surge. Analysts say progress this week on the Clarity Act and a Fed rate hold could provide boosts.

Major indexes are poised to open sharply lower as tech stocks slide after AI industry leaders called for a slowdown in development; chip stocks are sinking while shares of cybersecurity providers are rising amid the intensifying debate over AI; oil prices continue surging as investors track developments in the Middle East; a Fed decision on interest rates is the major event on the calendar this week; and Oracle founder Larry Ellison has canceled a plan to sell up to $7.5 billion worth of shares. Here's what you need to know today.

U.S. indices test key support as high rates and AI slowdown concerns pressure stocks.

U.S. natural gas futures gained ground as weekend weather forecasts showed summer heat lasting a little longer.

A Fed rate hike does not slow the AI buildout or related higher energy demand that is pushing prices up. A rate hike does not open the Strait of Hormuz and reduce high diesel and gasoline prices.

Rising oil prices and interest rates, driven by Middle East tensions, are pressuring equities, especially small- and mid-caps. Despite inflationary headwinds, robust corporate earnings and resilient labor markets support a constructive outlook for stocks.

AI leaders are now openly asking to slow frontier development, a striking shift that changes the risk profile of the entire AI trade. A slowdown in model advancement would not necessarily hurt adoption, but semiconductor multiples and training-heavy names could feel pressure first.

The trading week ending Friday, 11 September 2026, saw the S&P 500 drop 0.8% below the preceding week's close. The index dropped to 7,656.98, which is 1.8% below its all-time record-high close from 13 August 2026.

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U.S. Senate Republicans released a revised draft of major cryptocurrency legislation on Monday that includes new ethics language approved by President Donald Trump, senators said in a statement.

Recently, Anthropic chief executive Dario Amodei called for artificial intelligence (AI) companies, including his own, to slow down their work. Sam Altman and Elon Musk, heads of rivals OpenAI and xAI respectively, agreed.

Canada's consumer-price index slipped 0.1% in August, holding the annual rate of inflation at 3%, Statistics Canada said.

The Nasdaq is not getting hit because of oil. Crude is higher and energy is catching a bid. The selling is coming from the AI complex because the people building the race are now talking about pumping the brakes.

Anthropic plans a Nasdaq IPO amid dramatic AI safety warnings and shifting industry narratives. AI frontier labs' public alarmism appears timed to influence regulation and competitive positioning, raising questions about management motives and sector risk.

Donald Trump warns against AI regulation while Barack Obama urges Democrats to make it a central platform. Plus, OpenAI's Sam Altman delays IPO plans and Saudi pipeline shutdown spikes oil.