Consumer inflation eased to 9.6 per cent in October from 10.3pc a month earlier, mainly due to a slight slowdown in perishable food products, the PBS said on Monday. The slowdown in the inflation rate for the second consecutive month, measured by the Consumer Price Index, reversed the sharp increase recorded in August, when higher […]
Investors sold tech after Oracle (ORCL) filed to raise $20 billion for artificial intelligence (AI) and bought the industrial and retail names that fill the Dow Jones Industrial Average.
The thrashing that Wall Street’s artificial-intelligence darlings have taken over the past few months has led to an unusual situation in the U.S. stock market.