Inflation signs lift hopes for Fed rate path
Inflation pressures broadened in January with core prices up 0.3 percent the most since 2011, while overall consumer costs were steady amid falling fuel prices. Officials note broad gains across clothing, medical care, travel and new cars, with wages rising and unemployment near an eight-year low, complicating policy decisions on future rate hikes.
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Apple Concedes It Can Write FBI iPhone Unlock Software
Federal prosecutors say Apple is not above the law and can be compelled to write code to unlock the iPhone linked to the San Bernardino case. They argue past cases show providers must comply with subpoenas and limited court orders while preserving user privacy.
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Procter & Gamble seeks higher standard for products
P&G chief executive David Taylor vows a much higher standard for brands aiming for a noticeable first use wow factor. The plan focuses on product quality amid fierce low-price rivals, with deprivation testing and emphasis on fabric, baby, hair care, grooming in the U.S. and China. The company has shed brands and pursued $10 billion in cuts, targeting another $10 billion savings in five years.
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Economist says slowing China not a big worry
Beijing based Goldman Sachs Gao Hua Securities chief China economist Song Yu says China’s growth will decelerate to about 6.7 percent in Q1 with slower policy spillovers and weaker external demand. He remains positive overall, noting policy easing remains available and authorities will act if needed to prevent a hard landing.
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