Consumer prices in the United States increased at a faster pace than anticipated during the twelve months leading up to September. The annual inflation rate climbed to 3.7 percent, driven primarily by rising expenses associated with motor fuel.
Economic analysts are currently assessing the impact of these figures on household budgets and upcoming monetary policy decisions. Further details and comprehensive economic data are expected to emerge as the story develops.
Earlier reports and follow-ups on the same developing story.
California lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang Business live – latest updates Nvidia’s board needs to do some succession planning – sharpish Nvidia and its chief executive, Jensen Huang, have been accused of misleading shareholders in a lawsuit over the Chinese spying scandal engulfing the $4.3tn (£3.2tn) company. The legal action came as Donald Trump said the FBI was investigating Huang’s affair with an alleged Chinese spy. Continue reading...
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Futures are down after a higher-than-expected consumer price index this morning stoked inflation concerns.
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Rep. John Moolenaar, R-Mich., is the chairman of the Select Committee on China and told CNBC he expects answers about Jensen Huang's relationship.