Around 24.2 million people watched President Biden's press conference during the NATO Summit Thursday, nearly half the number (51.3 million) that tuned into his disastrous debate performance two weeks prior.
Why it matters: Like the debate, the vast majority (19.1 million) of speech viewers that tuned in on live TV were over 55 years old, according to figures from Nielsen.
Hackers seized access to several months of AT&T call logs in a sweeping cybersecurity breach via Snowflake, a third-party cloud computing platform, Axios has learned.
Why it matters: The cybersecurity attack affects nearly all AT&T cellphone users, according to the telecommunications giant.
The Fed hasn't raised interest rates since last summer. But policy continues to get tighter — even if only slightly. That's putting a harder brake on the economy than some Fed rate-setters might desire.
Why it matters: The quiet tightening provides a case for cutting rates sooner, even if the latest inflation report is not enough to convince central bank leaders that inflation is returning to target.
Nvidia's AI chips may be flying off the shelves, but they don't seem likely to pay for themselves in the form of higher corporate revenues any time soon.
Why it matters: The U.S. stock market continues to hit new highs, driven in large part by optimism surrounding the coming AI revolution.
The big picture: Consumer prices are no longer rising at a rapid pace — in some cases, costs are falling — a milestone for the economy that has been plagued by high inflation for years.
