Inflation increased in January as expected, according to a key indicator the Federal Reserve uses when deciding whether to cut interest rates. The Dow Jones consensus estimate indicated that the personal consumption expenditures price index, which does not include food and energy costs, increased by 2.8% from a year ago and by 0.4% for the…
Microsoft announced on Tuesday that its Copilot virtual assistant is now available for small businesses to subscribe to through the company’s productivity apps. Additionally, customers can register for a new paid version of Copilot if they purchase Microsoft 365 software. The updates will assist Microsoft in introducing generative artificial intelligence to a larger number of…
Google’s cloud business announced in a release recently that it has launched several new tools for retailers using generative artificial intelligence to enhance online shopping experiences and other retail operations. One of the new products in the suite is a chatbot with generative AI that retailers can use on their websites and mobile applications. According…
Monday saw a slight increase in U.S. Treasury yields as investors braced themselves for this week’s Federal Reserve policy meeting. At 4.277%, the yield on the benchmark 10-year Treasury note increased by 3.1 basis points. The 30-year Treasury bond yielded 4.35%, which was 2 basis points higher. Price movement is inverse for yields. Traders are…
