U.S. producer prices came lower than expected as inflation pressures ease
Google said Wednesday it's bringing AI to its poster search feature and will add capabilities to its online office suite. The company also said it's eliminating the wait list for its chatbot Bard and unveiled its next-generation large language model known as PaLM 2.Producer prices rise less than expected
The producer price index, a gauge of what wholesalers paid for raw goods, rose 0.2% month over month in April, the Labor Department said Thursday. That's less than the 0.3% advance economists polled by Dow Jones expected.European equities showed little initial movement in response to the Bank of England'sThe pan-European Stoxx 600 index moved from a 0.4% uptick to 0.3% in the minutes after the announcement, and the banking sector dropped from a 0.4% gain to a 0.2% increase.
Britain's central bank voted to lift its policy rate by 0.25 percentage points in its 12th consecutive hike.
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