Major indices rally after CPI data shows price growth at a three-year low, fueling bets on earlier rate cuts from central banks.
Wall Street and Asian exchanges surged in tandem after government data showed headline inflation falling to 2.1% year-on-year — below every major economist forecast.
Technology and consumer discretionary stocks led gains. Bond yields dropped sharply, easing pressure on mortgage rates and corporate borrowing costs.
Some policymakers cautioned against premature celebration, noting that core services inflation remains sticky in several economies.
Global VC investment rises 18% quarter-on-quarter, led by enterprise AI, climate tech, and healthcare automation.
Policy makers keep benchmark rates unchanged but revise forward guidance, citing resilient labor markets and moderating goods inflation.
Battery-electric models captured 28% of new car registrations last quarter, driven by subsidies and expanded charging networks.
World leaders agree on binding safety standards for frontier AI models, marking the first multilateral treaty on artificial intelligence governance.
Researchers demonstrate error-corrected qubits at scale, bringing commercially viable quantum processors within reach for cloud providers.