IBM Announces Five-Year, $10BN Quantum Investment

Bessent Blames China For Derailing G20 Joint Communique The Group of 20 finance meetings in Asheville, North Carolina, concluded on Tuesday after four days of discussions among finance ministers and central bank chiefs on global trade. The news late Tuesday was that China had derailed the group's efforts to issue a joint communiqué by refusing to endorse specific language targeting trade surpluses and export-dependent economic models. "The country with the world's largest and unsustainable current account surplus, the People's Republic of China, was the dissenter," Treasury Secretary Scott Bessent told...

Rate-Hike Odds Slump As US Consumer Prices Plunge Most Since COVID In June With oil prices having tumbled (before this latest resurgence) but semiconductor prices soaring still, expectations were for a small 0.1% MoM decline in CPI but in fact it printed dramatically cooler, dropping 0.4% MoM - the biggest monthly decline since COVID (April 2020), dragging the YoY CPI change down to +3.5% YoY... Source: Bloomberg Both Goods and Services costs saw YoY growth decline... Energy dominated the decline while Core Services rose very modestly... CPI breakdown: Headline CPI down 0.4% MoM in...

NHTSA Begins Work On New Car Door-Handle Rules After Bloomberg's Tesla Report Auto-safety regulators at the National Highway Traffic Safety Administration will begin considering new federal requirements for vehicle door handles and emergency-release systems following a series of deadly incidents in which occupants became trapped after electrically operated doors lost power. NHTSA said an inaccessible or difficult-to-locate mechanical release could prevent occupants from escaping after a crash or fire, potentially resulting in serious injury or death. The agency granted a petition seeking "a robust and obvious door egress system in all...