(Bloomberg) — US producer prices rebounded in January by more than expected, underscoring persistent inflationary pressures that could push the Federal Reserve to pursue further interest-rate increases in the months ahead. Most Read from Bloomberg The producer price index for final demand jumped 0.7% last month, the most since June …
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(Bloomberg) — US mortgage rates surged last week by the most in four months, reaffirming a retrenchment in housing demand that’s struggling for momentum. Most Read from Bloomberg The contract rate on a 30-year fixed mortgage rose 21 basis points to 6.39% in the week ended Feb. 10, the highest …
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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, February 16, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. …
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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, February 16, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. …
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Twitter boss Elon Musk warned Wednesday that unrestrained development of artificial intelligence poses a potential existential threat to humanity as ChatGPT explodes in popularity. The billionaire mogul called on governments to develop clear safety guardrails for AI technology while discussing the rise of ChatGPT and other advancements during a virtual …
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