Business & Markets — September 17, 2026

Generac shares rise 30% on Amazon deal. Generac shares rose more than 30% after Amazon agreed to a $2.4 billion deal for backup power generators, extending the AI boom’s reach into industrial suppliers.

MarketWatch reported the agreement solidifies the industrial manufacturer’s position as a beneficiary of artificial intelligence spending, a market previously dominated by chipmakers and cloud providers. The size of the commitment, $2.4 billion, signals that companies building out AI capacity are directing substantial capital toward suppliers of supporting equipment such as backup power systems, broadening the sectors that investors view as exposed to the technology’s growth.

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Intel shares gain on memory chip talks. Intel shares gained after a report said the company is in early talks with SK Hynix on a partnership that could produce U.S.-made memory chips.

The talks remain at an early stage, according to the report cited by MarketWatch, and no agreement has been announced. Investors nonetheless treated the news as a positive signal, with MarketWatch framing a potential memory chip partnership as a possible next step in Intel’s broader turnaround effort. A tie-up with SK Hynix would add domestic memory chip production to Intel’s business.

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Travis Kelce named fraud scheme victim. The founder of a Texas investment company received an 11-year federal prison sentence for a $31 million Ponzi scheme that ensnared 64 victims, including the Chiefs star.

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Fed raises rates for first time since 2023. The Federal Reserve unanimously raised rates a quarter point to a 3.75%-4.0% range, its first hike since 2023. Officials signaled one more increase this year — over President Trump’s objections.

AP News framed the decision as a win for savers and a setback for borrowers, since a higher benchmark rate raises the cost of loans while improving returns on savings. The move came despite public opposition from President Trump, and the unanimous vote suggests broad agreement among officials, who indicated they expect to raise rates once more before the end of the year.

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