Inflation continues to cool as Fed considers next rate cut

US consumer inflation cooled slightly less than expected last month, according to government data published Thursday as price pressures continue to ease ahead of November's election. The consumer price index slowed to 2.4% in September from a year ago, down from 2.5% in August, the Labor Department said, and slightly below the median forecast of economists. Monthly headline inflation rose by 0.2%, while core inflation also exceeded forecasts to increase by 0.3%. There was also some cause for concern for the Federal Reserve as it looks to cut interest rates. 

SEE WHAT FED, ECONOMISTS ARE SAYING ABOUT DATA

TD Bank slapped with $3B in penalties for money laundering

Canada's TD Bank agreed to pay more than $3 billion in penalties for failing to monitor money laundering activities by drug cartels, US officials said Thursday. TD Bank pleaded guilty to multiple felonies including violating the Bank Secrecy Act and conspiracy to commit money laundering, said Attorney General Merrick Garland, who added that TD Bank is the first bank in US history to plead guilty to conspiracy to commit money laundering.

TWO TD BANK EMPLOYEES CHARGED FOR INVOLVEMENT

Walmart using AI to 'hyper-personalize' shopping experience

Walmart is stepping up its adaptive retail strategy using artificial intelligence to create a "hyper-personalized" shopping experience for customers in its Walmart and Sam's Club stores and apps. The world's largest retailer said on Wednesday that it will use its proprietary artificial intelligence, generative AI, augmented reality and other immersive commerce platforms to "create hyper-personalized, convenient and engaging shopping experiences."

WALMART'S PLANS TO UTILIZE ARTIFICIAL INTELLIGENCE