Producer prices—the wholesale prices factories and service companies charge for their wares—rose 0.4 percent in January from December, compared to the 0.3 percent forecast economists had made in a Dow Jones poll.
Category: 18 February 2025
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U.S. RETAIL SALES DROP MOST IN TWO YEARS
Last month, U.S. consumers spent 0.9 percent less than in December, the commerce department reported, the largest one-month drop since March 2023.
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OOPS! “TRUMP TRADES” FLOP AS DOLLAR WEAKENS, BOND YIELDS FALL
“Trump trades”—bets that the dollar would continue to strengthen and bond yields rise—that were popular after Donald Trump’s re-election to the presidency have taken a bearish turn.
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STOCKS’ “FRAGILITY” WORST IN THREE DECADES, BOA WARNS
Share prices of the 50 largest stocks in the Standard & Poor’s 500 index are more fragile than at any time this century, Bank of America (BoA) analysts warn in a new report.
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TECHNOCRACY BRIEFS: AI DATA MONSTER FEEDING ON YOUR DNA
The surveillance needs AI to know and feed off every observable phenomenon, in order to advance and bring in profits, something we have long warned, made news again this past week.
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AI BRIEFS
Meta will jettison about 4,000 employees, or roughly 5 percent of its workforce, as the company devotes more focus to AI.
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PARIS AI SUMMIT SHOWS INCREASING RESISTANCE TO REGULATION
At last week’s two-day Artificial Intelligence Action summit in Paris, something was missing that had been present at past gatherings in Britain and South Korea: extensive discussions of AI’s risks and how to mitigate them.
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WHY AI MODELS GET DUMBER OVER TIME
AI models share another human trait: without constant maintenance, their mental faculties can deteriorate.
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WHAT IF AI DOESN’T NEED SO MUCH ELECTRICITY AFTER ALL?
China’s DeepSeek AI was trained for $6 million using second-tier chips, the company says.
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MEGATECH FIRMS WILL SPEND $320 BILLION THIS YEAR ON AI INFRASTRUCTURE
Alphabet, Amazon, Meta, and Microsoft together are planning to spend $320 billion this year to expand their AI data centers and continue building bigger, more powerful large language model AIs, according to the four companies’ announced plans.
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