Oct 11, 2018

A closely watched measurement of inflation slowed in September

Photo by Spencer Platt via Getty Images

A closely-watched measurement of inflation, the consumer price index, rose 2.2% in September from a year earlier (excluding food and energy prices), less than economists expected, the U.S. Department of Labor said on Thursday.

Why it matters: Weaker inflation data is good news for investors who are worried about the Federal Reserve raising interest rates too fast, so it's no surprise that stocks erased some of the pre-market declines after the data was released. The central bank hikes rates in part to keep inflation at bay.

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Ben Geman

2 hours ago - Energy & Environment

BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

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Sara Fischer

2 hours ago - Economy & Business

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

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Scott Rosenberg

2 hours ago - Technology

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.