Philips announces plan for more than USD 150 million of new investment in manufacturing and R&D in the U.S. to expand production of AI-powered health technology innovations - Philips

Also records lower new subscription numbers as it pursues sale of minority stake in sports holdings

Warning signs are emerging that consumers will be hit with rising prices.

Flash estimate shows output prices gauge rising to 59.8, highest reading since August 2022

)SummaryBitcoin, gold and oil price contracts are among the fastest-growing prediction market products, according to Robinhood executive JB Mackenzie. The Federal Reserve's interest rate decision was Robinhood's largest event contract in September, while crypto contracts have moved toward 15-minute settlement periods. Prediction markets are also drawing customers into Robinhood's stock, crypto and retirement products, potentially making the business one of the company's fastest-growing segments. Robinhood is seeing growing demand for prediction markets tied to bitcoin, gold and oil, as traders increasingly look beyond sports and elections to bet on moves in financial markets. Price volatility contracts tied to those assets are among the fastest-growing products in prediction markets, according to JB Mackenzie, VP and GM for futures and prediction markets at Robinhood. Sports is the largest product the platform offers, said Mackenzie at the NEXTPredict conference in New York on Thursday. However, he said there is a shift in how people use the platform.

Total sales were $74.6-billion for the month, with core retail sales up 1.1%

China’s five-year digital development plan calls for wider blockchain use in trade and manufacturing alongside stronger technical standards. China has set a 2030 target for largely completing a national blockchain network under a five-year digital development plan published Friday. The 15th Five-Year Plan for National Informatization, which sets priorities calls for deeper blockchain use in trade and finance in the Yangtze River Delta, and deployment at scale in manufacturing and agriculture in the Chengdu–Chongqing region in southwestern China. Friday’s plan was issued by the Central Cyberspace Affairs Commission, a senior body within the ruling Communist Party that coordinates digital development policy. The document makes the completion target explicit for a project already included in China’s national development plan released in March. A joint policy from the Communist Party’s central leadership and State Council published on Oct. 9 called for its construction. The new plan also calls for stronger blockchain technical standards and greater use of the technology in data circulation and trading.