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U.S. PCE inflation data shows inflation stabilizing... a green light for rate cuts later this year January 2024, core PCE index 0.4% ... up 2.8% yoy The US Federal Reserve's benchmark interest rate decision is driven by inflation (Personal Consumption Expenditures (PCE)) and employment data (with a focus on the unemployment rate), with PCE inflation and the unemployment rate driving the larger picture. The U.S. Fed focuses on the central bank's mandate of price stability and prioritizes price stability over economic growth in determining monetary policy. This is a common mandate for all major central banks around the world, most of which have a target inflation rate of 2.0%. Bureau of Economic Analysis (YoY)PCE, PCE(*excluding food and energy) prices fall for 5th consecutive month ... inflation stabilizes (MoM)PCE, PCE(*excluding food and energy prices) inflation up slightly Year-over-year, inflation has been relatively stable and is approaching the US Federal Reserve's 2%

Apple scraps Apple Car ... but not completely? Apple Car Project "Titan" Is Dead in the Water... Apple to Focus on AI Apple Car, not a complete give-up? There's a lot that's been said about the Apple Car abandonment, so we thought we'd share our thoughts. Let's start with what's been reported. Apple (AAPL: US) has been working for the past decade to bring Apple Car to market. The Apple Car development project was called Titan, and it was done through a Special Project Group. Apple COO Jeff Williams and Apple VP Kevin Lynch have notified employees working on the Apple Car development project of the decision to disband the group and will reportedly reassign them to the generative AI division within Apple. The Apple Car was slated to launch in 2025 and reportedly included the development of semiconductor chips for autonomous driving, autonomous driving software, and more. Has Apple really given up on the Apple Car? - Apple wanted to be king of all the compute

Welcome. I'm Winston Seong, Editor of THOTH Newsroom. THOTH Newsroom is the news division of THOTH Investment, based in Seoul, South Korea. THOTH Newsroom specializes in global economic and financial investment information, as well as economic and security issues, and Korean economic, financial, and diplomatic security issues. THOTH Newsroom plans to provide a portfolio of ETFs suitable for investment based on the news, and please refer to it for investment. THOTH Newsroom is operated through donations. We kindly ask for your subscription and donation. Thank you. Wintson Seong, Founder/CEO, THOTH Investment