Wall Street shudders after seeing US inflation data

A worse than expected US inflation report triggered a Wall Street sell-off, Twitter whistleblower Peiter Zatko testified in front of a US Senate committee about alleged security lapses at the social media site, and the US is struggling to put together an alliance to address computer chip supply chain issues. 

Mentioned in this podcast: Rising inflation sparks fears of hard landing for US economy US stocks slide after ‘hotter’ than expected inflation reading Whistleblower accuses Twitter of putting ‘profits over security’ US struggles to mobilise its East Asian ‘Chip 4’ alliance

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 

Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.