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New and used car prices changed in January's CPI report: Used car prices continued to trend higher, with the largest jump since May 2023, while new car prices were flat.
Published on: February 12, 2025, 10:03 PM UTC
Inflation rose more than forecast in January, with core prices reversing last month's easing. The CPI increased 3% over the prior year, while core prices rose 3.3%. Used-car prices saw another strong uptick. Economists and Fed officials point to a "bumpy" road ahead, with the Fed's path forward complicated by President Trump's protectionist trade policies.
Published on: February 12, 2025, 10:02 PM UTC
Reddit's mixed Q4 earnings miss estimates, but Q1 guidance exceeds expectations, driven by AI partnerships and ad growth.
Published on: February 12, 2025, 10:02 PM UTC
Economists doubt that President Trump's protectionist trade policies will boost the US economy and revive domestic manufacturing.
Published on: February 12, 2025, 10:02 PM UTC
US stocks fell on Wednesday as investors digested a hotter-than-expected January inflation reading that raised concerns about the Federal Reserve's interest rate path. The disappointing inflation data also pushed back investor expectations for interest rate cuts in 2023.
Published on: February 12, 2025, 10:01 PM UTC
Equinix forecasts lower-than-expected revenue due to a strong dollar and concerns about data center expansion costs amid generative AI adoption.
Published on: February 12, 2025, 10:00 PM UTC
Consumer prices climbed more than expected in January, with core prices reversing last month's easing, highlighting the challenge ahead for the Federal Reserve. CPI rose 3%, while core CPI increased 0.4%. Inflation remains above the Fed's target, and economists see a "bumpy" road ahead, with geopolitical events adding uncertainty.
Published on: February 12, 2025, 09:01 PM UTC
Meta stands out amid Big Tech stock turmoil, driven by AI investments and open-source initiatives. Despite challenges faced by peers, Meta's focus on powering its growth through AI is paying off for investors.
Published on: February 12, 2025, 09:01 PM UTC
Oil prices fell after US President Donald Trump said he spoke with Russian President Vladimir Putin, sparking speculation that risks to crude supplies in the region may ease.
Published on: February 12, 2025, 09:01 PM UTC
Inflation surged in January, driven by price increases across a range of goods and services including prescription drugs and parking fees, which saw record monthly gains.
Published on: February 12, 2025, 09:00 PM UTC