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US probes security risks posed by Chinese tech in cars
US probes security risks posed by Chinese tech in cars

US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data. "China's policies could flood our market with its vehicles, posing risks to our national security."

US Fed's favored inflation gauge falls, but price pressures remain
US Fed's favored inflation gauge falls, but price pressures remain

The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month. The closely watched "core inflation" measure, which strips out volatile food and energy costs, also eased, rising by 2.8 percent on an annual basis.