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with the PPI up 0.7% in February. And this is before the war started. US wholesale inflation unexpectedly accelerated in February from a month earlier, reflecting higher costs for goods and services. The producer price index rose 0.7% after a 0.5% gain in the prior month, according to Bureau of Labor Statistics data out on Wednesday. An underlying gauge of wholesale inflation that excludes food and energy increased 0.5%.

The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13, following a similar advance at the week before, according to Mortgage Bankers Association data released Wednesday. The combined two-week move was the largest since April. Rates on five-year adjustable mortgages soared nearly 40 basis points last week, the most since the start of 2024. The increase in home-financing costs coincides with a sharp rise in the 10-year US Treasury yield as the Iran war sparks concerns about greater inflation pressures.

CEO Jensen Huang on Tuesday pointed to a fast-rising AI project called OpenClaw as a major step forward in how people interact with artificial intelligence. OpenClaw is an open-source autonomous AI agent platform that goes beyond traditional chatbots. Instead of answering questions, these agents can complete tasks, make decisions, and take actions with minimal input from users.

with much of the world's supply trapped in the Persian Gulf. Semiconductor firms in Malaysia are monitoring risks from disruptions to helium supplies due to the Iran War, though the situation has not caused any operational interruptions so ‌far, an industry executive told Reuters. Helium prices have risen sharply due to the disruption of natural gas processing in Qatar by the U.S.-Israel war against Iran. Helium - ​critical for industries such as semiconductors and medical imaging - ​is a byproduct of LNG processing, and any slowdown ⁠in output is expected to affect global supplies.