- The consumer price index rose at its fastest clip in nearly three years last month, according to federal data released yesterday. The headline annual inflation reading came in at 3.8%, its highest level since 2023, moving further from the Federal Reserve’s target of 2%.- Alibaba Group ADRs (BABA) slip 3% after the company posted its first operating loss since the depths of the Covid pandemic, underscoring the extent to which China’s e-commerce leader is spending on the AI initiatives it hopes will power its next phase of growth.- Nvidia last night confirmed that CEO Jensen Huang is among the slew of executives traveling to China for Trump’s visit. Huang’s name wasn’t on a list of CEOs joining the U.S. delegation provided by a White House official earlier this week, causing uncertainty over whether he would join.- Chipmakers, opticals and storage firms gain as supply for global memory chips, key to AI infrastructure build-outs, tightens further. The sector is also getting a boost from Huang’s trip to China.- Trump said yesterday that Dr. Marty Makary resigned as commissioner of the Food and Drug Administration. Kyle Diamantas, a former top food official at the agency, will become acting commissioner.(金十数据)