Stocks rise ... Consumer prices up ... May pitches Brexit deal ... Warning on ‘internet of things’
NEW YORK (AP) — Stocks are broadly higher on Wall Street this morning, as the market recoups some of its losses from yesterday. Technology companies, retailers and banks account for much of the early gain.
WASHINGTON (AP) — Consumer prices climbed 0.3 percent in October. Higher prices for gasoline, used autos and housing contributed to the increase. The Labor Department says that this measure of inflation has increased 2.5 percent over the past 12 months. Adjusted for rising prices, average weekly wages have improved 0.9 percent this year. Core inflation, which excludes volatile energy and food costs, rose 0.2 percent in October and 2.1 percent from a year ago. The Federal Reserve targets inflation at 2 percent.
LONDON (AP) — Prime Minister Theresa May has told Parliament a draft divorce agreement with the European Union will enable Britain to “take back control” of its laws and borders “while protecting jobs, security and the integrity of our United Kingdom.” May’s Cabinet meets later today to consider whether to back the deal. Pro-Brexit politicians are complaining it will bind Britain to EU rules and regulations long after it leaves the bloc in March.
WASHINGTON (AP) — A congressional advisory panel says the purchase of internet-linked devices manufactured in China leaves the United States vulnerable to security breaches that could put critical infrastructure at risk. The U.S.-China Economic and Security Review Commission issued the warning in a report focused on the increasing use of the internet in household appliances. It says China’s push to dominate the so-called internet of things creates “enormous” privacy and security risks to the United States.
UNDATED (AP) — Ford and Walmart are teaming up to test a self-driving grocery delivery service. The pilot program will operate in Florida’s Miami-Dade County. Ford says it will look at vehicle configurations and modifications that may be needed to accommodate orders such as perishable goods, or when a vehicle is making multiple deliveries on a single trip.