UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England’s 2% target since April 2021.
CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
Anticipation of rate cuts by the U.S. Federal Reserve and hopes that Beijing will unleash more stimulus to boost its economy are driving up investor sentiment.
Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions
Large tech firms are turning to alternative power sources like nuclear as a way to fulfill growing energy demands from data centers.
The UAE can guarantee the ‘safety and the security’ of U.S.-made chips, G42 CEO says
The comments come as Washington reportedly continues to weigh limits on advanced chip sales to the Middle East over national security concerns.
The solid-state batteries hype is fading – prompting auto giants to consider alternatives
Despite the hype around solid-state batteries, some analysts believe an alternative could serve as a bridge between these are traditional lithium-ion batteries.
Trump PAC has raised about $7.5 million in crypto donations since early June
A political action committee supporting Donald Trump’s presidential bid has raised about $7.5 million in cryptocurrencies.
Global chip stocks fall on ASML’s disappointing outlook, possible U.S. export cap
Global semiconductor stocks dropped, after ASML’s third-quarter results pointed to a weaker 2025 sales outlook than the Dutch firm guided previously.
Alibaba’s international arm says its new AI translation tool beats Google and ChatGPT
Chinese e-commerce giant Alibaba’s international arm on Wednesday launched an updated AI translation tool aimed at merchants that want to sell globally.
CNBC Daily Open: Bullish sentiment and broadening rally – plenty to like about markets
Anticipation of rate cuts by the U.S. Federal Reserve and hopes that Beijing will unleash more stimulus to boost its economy are driving up investor sentiment.
Japan’s Nikkei leads declines in Asia-Pacific markets as investors await China housing briefing
South Korea’s unemployment rate came in at 2.5% in September, compared to 2.4% in August.
