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Inflation Continues to Cool, Offering Relief to Consumers

June 13, 2023 / no comments

Consumer prices rose 4 percent in the year through May, the slowest pace in more than two years and an encouraging sign as the Fed plots its next interest rate move.

Binance Emergency Fund Dwindles as SEC Takes Aim at the Crypto Exchange

June 13, 2023 / no comments

The fund’s value is down 11% in June after the regulator sued Binance, alleging the operation of an illegal trading platform and misuse of customers’ money.

U.S. Food Prices Rose 0.2% in May

June 13, 2023 / no comments

Prices at grocery stores and restaurants rose 0.2 percent last month from April, an increase after prices remained flat the two months before.

Toyota Develops an EV With Simulated Stick Shift

June 13, 2023 / no comments

The technology, which hasn’t yet been rolled out, offers the sounds and sensations of manual transmission—and could even cause the car to stall.

The Beatles Come Together for ‘Last Record’ Using AI

June 13, 2023 / no comments

More than 50 years after the group’s final studio album, Paul McCartney says he has used artificial intelligence to create what he called “the last Beatles record.”

Bunge, Viterra to Merge to Create Agribusiness Giant

June 13, 2023 / no comments

Grain trader Bunge agreed to acquire Glencore-backed Viterra for $8.2 billion in a deal that would create one of the world’s largest agricultural companies.

BP Refinery Suffered Cascade of Malfunctions Before Fatal Explosion

June 13, 2023 / no comments

In a preliminary report, government investigators cite the repercussions of keeping the Ohio plant running in the hours before two brothers were killed.

China’s Recovery Is in Real Peril Now

June 13, 2023 / no comments

China’s central bank cut its key short-term rate on Tuesday. On top of weak lending data for May, that should be ringing alarm bells.

OPEC Production Slumps as Voluntary Cuts Bite

June 13, 2023 / no comments

The group accelerated its efforts to tighten the oil market as a handful of the group’s largest members sharply slashed output as planned.

Accenture Will Invest $3 Billion to Expand Its A.I. Offerings

June 13, 2023 / no comments

The consulting firm is the latest to invest heavily in artificial intelligence, even as big businesses grapple with the potential fallout from the technology.

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