Goldman Sachs • SEPTEMBER 23, 2026

A September report from Goldman Sachs raises concerns about a potential "earnings bubble" in the S&P 500, noting a remarkable 51% year-over-year growth in earnings per share (EPS) for the second quarter, compared to a historical average of 7%. Despite the projected deceleration in earnings growth, Goldman strategists expect a rise in the S&P 500 to 8,700 within the next year, driven significantly by AI investment, with nearly half of the anticipated EPS growth for 2026 linked to this sector. The report implies that while equity valuations appear justified, uncertainties regarding AI profitability may temper future growth.

Pittsburgh City Council • SEPTEMBER 22, 2026

The Pittsburgh City Council will hold a regular meeting on September 22, 2026, at 10:00 AM in the Council Chambers, presided over by President R. Daniel Lavelle. The agenda includes resolutions for various agreements, funding adjustments, and proclamations, and will also provide a platform for public comments and updates on existing projects.

Allegheny County Council • SEPTEMBER 22, 2026

The Allegheny County Council held a regular meeting on September 22, 2026, where various items were discussed, including the approval of minutes from the previous meeting. Key agenda items included proclamations recognizing local organizations, a motion to approve an appointment to the Board of Property Assessment Appeals, and an ordinance to amend the Administrative Code regarding data center usage on county-owned property. The meeting concluded with motions related to Emergency Medical System funding and legal interventions, followed by public comments and adjournment.

DCED Newsroom • SEPTEMBER 21, 2026

Governor Shapiro has secured a $42 million investment from Tandem Foods to expand manufacturing operations in O'Hara Township, Allegheny County. The Shapiro Administration is contributing $420,000 toward this expansion, which is anticipated to create 83 new jobs in the region. This investment supports ongoing efforts to enhance local economies through significant private sector contributions.

trepp • SEPTEMBER 21, 2026

A September report from Trepp examines refinancing risks in the $29.26 billion securitized student housing market, highlighting $5.29 billion in debt with yields below 8.0%. While immediate maturity concerns are limited, with $423.82 million due in 2026 and 2027, significant refinancing pressure is expected in 2029 and 2030, especially for private-label CMBS with weaker fundamentals. The report underscores the importance of maintaining property performance to mitigate these looming risks.

AGC Construction Data • SEPTEMBER 18, 2026

A report from AGC Construction Data reveals that construction employment rose in 35 states and the District of Columbia from August 2025 to August 2026, with 31 states adding jobs between July and August. Despite these gains, officials from the Associated General Contractors of America highlighted potential challenges ahead, including rising moratoriums on data centers and delays in federal funding for highways and transit. Ken Simonson, the association's chief economist, noted the growth while emphasizing concerns over ongoing threats to the industry.

Goldman Sachs • SEPTEMBER 18, 2026

Goldman Sachs' September report highlights a significant shift in artificial intelligence (AI) from experimentation to practical implementation, focusing on the emerging market for consumer AI agents. These agents assist users with various tasks and are expected to be monetized through advertising and subscription models as companies increase AI integration. The report also addresses potential risks and infrastructure investments as well as the need for deflation in token pricing to enhance adoption and utility.

J.P. Morgan Asset Management • SEPTEMBER 17, 2026

A report from J.P. Morgan Asset Management, dated September 17, 2026, examines the Federal Open Market Committee's decision to increase the target Federal Funds rate by 25 basis points to a range of 3.75%-4.00%. The report addresses inflation trends, revised growth and unemployment forecasts, and market reactions, while emphasizing the implications of potential future rate hikes in the context of global monetary policies.

J.P. Morgan Asset Management • SEPTEMBER 16, 2026

A report from J.P. Morgan Asset Management highlights growing concerns over artificial intelligence (AI) safety amid competitive tensions among major tech labs, following a call for a slowdown in model advancements. The document discusses key factors influencing safety focus, potential impacts on capital expenditures, market reactions to recent trends, and emphasizes the importance of strategic portfolio diversification.

Pittsburgh City Council • SEPTEMBER 15, 2026

The Pittsburgh City Council meeting on September 15, 2026, included a roll call of all nine council members and a motion to amend the agenda. The meeting featured several proclamations, resolutions addressing housing policies, and discussions on funding for infrastructure projects and community services. Additional motions related to grants and legal consulting were also adopted before the meeting concluded.