DBI Today: 51.0 (+0.7)
Apple hit an all-time high on Wednesday after news broke that it had won approval to launch its generative AI features in China — a small but telling sign that the world's two biggest economies can still do business even as geopolitical tension simmers elsewhere. The Daily Business Index, our daily 0-to-100 readout of global business health where 50 marks neutral, edged up to 51.0. It's a modest gain, and it had to fight for it: American stocks climbed again and wholesale prices came in cooler than expected for a second straight day, but oil stayed elevated as US strikes on Iran continued, and China posted its weakest quarterly growth since 2022. Good news and bad news, both real, pulling in opposite directions.
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