Here’s the inflation breakdown for March 2024 — in one chart
The consumer price index rose 3.5% in the past year. Housing and gasoline prices kept inflation elevated in March.
Comeback candidates: Goldman loves these underperforming stocks with strong fundamentals
Goldman Sachs shared its list of buy-rated stocks that have the potential to come back big time.
Meta debuts new generation of AI chip
The new Meta Training and Inference Accelerator (MTIA) chip is part of a broad custom silicon effort at Mark Zuckerberg’s company.
Apple doubles India iPhone production to $14 billion as it shifts from China: Report
Apple produced $14 billion worth of iPhones in India over the last fiscal year
Europe stocks close higher as investors digest hotter-than-expected U.S. inflation data
European stocks closed higher Wednesday as investors digested U.S. inflation data for March which came in hotter than expected.
Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century
Demand for copper is widely considered a proxy for economic health.
WTO forecasts rebound in global trade but keeps geopolitical risks in focus
The World Trade Organization said Wednesday that it expects global trade to rebound gradually this year before rising further in 2025 as the impacts of higher inflation fall into the rearview mirror.
UBS to face tougher rules in Swiss response to Credit Suisse rescue
Switzerland’s government said UBS and three other systemically relevant banks must face tougher capital requirements to shield the country’s wider economy.
Tesla’s Musk to meet Modi in India and announce investment plans: Reuters
The billionaire will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources.
Bernanke Review: How the former Fed boss could shake up the Bank of England
The Bank of England will on Friday publish a long-awaited review by former Federal Reserve Chair Ben Bernanke that could lead to significant changes in its policymaking.
