• Bay Area Times
  • Posts
  • Monthly CPI turns negative in June for 1st period since 2022

Monthly CPI turns negative in June for 1st period since 2022

Brought to you by:

Top stories today:

  1. Monthly CPI turns negative in June for 1st period since 2022
  2. AI startup funding 2xโ€™s YoY to $24.1B in Q2
  3. Semaglutide linked to lower risk of cognitive deficit, nicotine misuse
  4. OpenAI creates internal 1-5 ranking of AIs, judging themselves at 1.5
  5. Google DeepMind says Gemini 1.5 used by their helper robots

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Monthly CPI turns negative in June for 1st period since 2022

  • CPI: -0.1% MoM / 3.0% YoY in June, vs. 0.1% / 3.1% expected, from 0.0% / 3.3% in May.

  • Core CPI: 0.1% / 3.3%, vs. 0.2% / 3.4%, from 0.2% / 3.4%.

Markets now expect a 86% chance of a rate cut in September, from 70% on Wed

2. AI startup funding 2xโ€™s YoY to $24.1B in Q2

  • Deal count -26% to 1,001.

  • But we had huge deals like xAIโ€™s $6B fundraise, CoreWeaveโ€™s $1.1B, etc.

Asia startup funding, meanwhile, -32% to $14.6B

  • We have been using Athyna to hire our global team.

  • ~67% savings compared to hiring in U.S./Europe.

  • Pay nothing until you find the perfect match.

  • Get $1,000 OFF on your next offshore employee by mentioning us.

*Disclaimer: Athyna is a partner of the Bay Area Times.

4. Semaglutide linked to lower risk of cognitive deficit, nicotine misuse

Subscribe to keep reading

This content is free, but you must be subscribed to Bay Area Times to continue reading.

Already a subscriber?Sign In.Not now