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CNA Economy Full text
Japan core inflation exceeds BOJ target, cements near-term rate hike chance
TOKYO, Oct 23 : Japan's annual core consumer inflation exceeded the central bank's 2 per cent target in September for the first time in nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a…
CNA Economy Full text
SpaceX seeks access to 80,000 US cell sites for wireless network, Bloomberg News reports
Oct 22 : SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people familiar with the matter.The agreements would…
CNA Economy Full text
Five ways to keep safe online in the wake of AI-supercharged hacking
(Refiles to add dropped words "unsolicited links" in SCAMMERS section)By AJ VicensOct 22 : Much of the world woke Wednesday to news that PHP, a coding language most people have never heard of but that underlies roughly 70 per cent of all…
CNA Economy Full text
Commentary: Which G7 economy is the poster child for debt woes?
Among the G7, France and the US are heading into a wall, says Chris Giles for the Financial Times.
CNA Economy Full text
SK Hynix drops US IPO plan for Solidigm, newspaper reports
SEOUL, Oct 23 : South Korean chipmaker SK Hynix has decided not to pursue a US initial public offering of its subsidiary Solidigm, South Korean newspaper Korea Economic Daily reported on Friday, citing unnamed industry sources.SK Hynix did…
CNA Economy Full text
FCC grants Intel waiver for foreign-made robotic devices
WASHINGTON, Oct 22 : The Federal Communications Commission said on Thursday it has granted a waiver to Intel from its ban on some foreign-made advanced robotics.The FCC said it would grant a one-year waiver of its rules in order to prevent…
CNA Economy Full text
Steep bill for AI buildout punishes Meta, other tech favorites
NEW YORK, Oct 22 : The tab for the next round of the AI buildout came due on Thursday.Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta — one of the hyperscalers spending billions…
CNA Economy Full text
AI safety group METR finds flaws in OpenAI’s internal monitoring system
Oct 22 : AI safety research group METR said on Thursday a pilot exercise to stress-test OpenAI’s internal monitoring system uncovered several new vulnerabilities, including an exploit that AI agents could have used to keep hundreds of…
CNA Economy Full text
Yen jumps as oil, AI and France worries rattle markets
NEW YORK, Oct 22 : The yen was on track for its strongest daily gain in almost a month on Thursday, as investors sought safety amid fragile equity markets, elevated crude prices from the drawn-out war in the Middle East, and doubts over…
CNA Economy Full text
Meta's credit risk indicator jumps to record high after results
Oct 22 : The cost of insuring Meta Platforms' debt against default hit an all-time high on Monday, as investors grappled with concerns about the cost of its expanding AI build-out. Five-year credit default swaps gained 7.3 basis points to…
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