CNBC Daily Open: Inflation battle may be far from over

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U.S. business activity appears to show strength amid inflation pressures.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, accusing the tech giant of monopolizing the smartphone market. It alleges the iPhone ecosystem drove its"astronomical valuation" at the cost of consumers, developers and rival phone makers.

"The brightest news came from the manufacturing sector, where production is now growing at the fastest rate since May 2022," said Chris Williamson, chief business economist at S&P Global Market Intelligence. The services sector fell more than expected, coming in at 51.7 — a decline of 0.6 point from a month ago, but still in expansionary territory.

 

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