Business & Markets — September 11, 2026

Oracle earnings beat expectations. Oracle shares climbed after quarterly results topped expectations, with cloud infrastructure revenue more than doubling and its backlog growing further on AI demand, prompting a rosier forecast.

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Treasury plans bank sanctions. Treasury Secretary Scott Bessent said the U.S. will sanction a large bank Monday, escalating economic pressure on Iran's financial networks.

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Boring Company raises $3 billion. Elon Musk's tunneling firm raised $3 billion at a $23 billion valuation in a UAE-led round, with plans to dig more than 150 kilometers of tunnels in the Emirates.

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Bond yields rise ahead of CPI. The 10-year Treasury yield neared 5% Friday ahead of the August consumer price index release, with rate-hike odds rising on oil-driven inflation fears.

The report arrives days before the Federal Reserve's next policy meeting, and CNBC reports its outcome could either solidify or undercut growing market bets on a rate increase there. Investors are watching whether higher energy costs fed through to broader consumer prices in August, since a hotter-than-expected reading would strengthen the case for tightening while a softer print could ease pressure on both the Fed and the bond market.

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