Inflation Persists, Housing Costs Contributing to Price Rise
Key Points:
* Consumer price index rose 3% year-over-year in January, driven by egg price increases.
* Bird flu is the primary cause of egg price spike, but housing costs are a significant contributor to overall inflation.
* January's higher inflation report has not indicated a resurgence, but it has delayed the next interest rate cut to October.
Market and Tech Updates:
* Mega-cap companies benefit from dividend payments by smaller firms.
* "Vibe coding" involves using AI to generate code, potentially easing workloads but posing risks.
* AppleTV+ is now available on Android devices to expand revenue streams.
Business News:
* Professional line-standers capitalize on demand for time-consuming queues.
* FCC investigates Comcast over DEI practices, prompting concerns about motivations.
* SBA probationary workers experience termination chaos over five days.
Additional Highlights:
* Utility companies aim to power Big Tech's AI expansion with natural gas.
* Robinhood experiences significant gains after a strong quarter.
* Avoid making common etiquette mistakes during work meetings.
* Credit cards available to both affluent individuals and general applicants are highlighted.
Upcoming Events:
* President Trump hosts Indian PM at the White House.
* Congressional hearings on budget, FBI director nomination, and education secretary appointment.