September 17, 2026 · 00:10:34

The Fed Hiked. Wall Street Shrugged. AI Has a Power Problem.

The Fed raised interest rates yesterday, but Wall Street bounced back today. Meanwhile, oil is still hovering around $100, Treasury yields are near 5%, and the AI boom is creating a problem nobody can ignore: power. Amazon just signed a deal that could be worth up to $8 billion for backup generators. Google and Nvidia are working on ways to make AI data centers more flexible users of the electric grid. And companies are starting to rethink what kinds of people they need to build the next wave of technology. Plus, a surprising development in quantum computing. Markets, business, technology and the stories that make you say, “Wait. Seriously?” I’m Derek Drew, and this is Drewscast. What’s happening. Why it matters. What everyone else is missing.