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…
A financial support program worth 75.9 trillion won ($56.97 billion) has been prepared by South Korea for companies that are investing more in critical sectors and small businesses that are having trouble paying high-interest rates. The Financial Services Commission said on Thursday that commercial banks will also contribute 20 trillion won to support small and…
The European Union has agreed to a landmark plan to boost its chip industry. The initiative, dubbed the European Chips Act, seeks to help the bloc compete with the USA and Asia on technology, and secure control over a critical bit of technology behind the world’s electronics products and devices. The EU Parliament and 27…
Meta recently unveiled AI-based tools and services to improve ad creation and campaign results. Meta unveiled the AI Sandbox, a “testing playground” for advertisers to use as they try new ad tools powered by generative AI. Meta is exhibiting to investors and advertisers that investing in AI is a profitable move. In Meta’s latest earnings call,…
