US consumer prices increased by 0.4% in September, more than expected

Inflation remained a top concern for policymakers in September as consumer prices increased at a slightly faster-than-anticipated rate for a variety of goods and services. According to a recently released Labor Department report, the consumer price index increased 0.4% from the previous month and 3.7% from the previous year. The corresponding Dow Jones estimates were…

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The Fed’s favorite inflation gauge rose less than expected in August

An economic indicator that the Federal Reserve uses as a measure of inflation rose less than expected in August, showing that the central bank’s fight against rising prices is making progress. The personal consumption expenditures price index, which excludes food and energy, rose 0.1% in the month, less than the 0.2% rise expected in the…

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Tencent Unveils AI Model for Businesses as Competition Peaks in China

Chinese tech giant Tencent will launch its “Hunyuan” artificial intelligence model for enterprises at its annual summit on Thursday, said Dowson Tong, chief executive of Tencent’s cloud and intelligence industry group. The news comes a few days after Baidu unveiled a slew of AI-powered apps on Tuesday because of more supportive regulation. Tencent said it…

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