Market

Trump Dismisses Inflation Report, Demands Lower Interest Rates

Published on: February 12, 2025, 07:03 PM UTC

New and used car prices saw mixed results in January's CPI report, with used car prices continuing their upward trend and reaching their highest monthly jump since May 2023.

Published on: February 12, 2025, 07:02 PM UTC

New inflation data shows consumer prices rose more than forecast in January, reversing last month's easing. Core prices climbed 0.4% over the prior month, the largest monthly rise since April 2023. Inflation has remained above the Federal Reserve's 2% target, complicating its path forward for interest rates.

Published on: February 12, 2025, 07:02 PM UTC

Hotter-than-expected January inflation data fuels concerns among investors and the Federal Reserve, leading to a potential shift in rate hike expectations and market volatility.

Published on: February 12, 2025, 07:01 PM UTC

Egg prices reach record high in the US due to bird flu outbreak, with an average dozen Grade A eggs costing $4.95 in January 2023, more than double the low of $2.04 in August 2023.

Published on: February 12, 2025, 07:00 PM UTC

European nations seek flexibility on gas storage refill targets to address concerns over high prices and depleting stockpiles, pushing for an easing of the 90% refill target by November 1st.

Published on: February 12, 2025, 06:04 PM UTC

ECB Governing Council member Nagel cautions against rushing further interest rate cuts, emphasizing the need for a gradual approach as borrowing costs approach neutral levels.

Published on: February 12, 2025, 06:04 PM UTC

CVS Q4 2024 Earnings Beat Estimates, Stock Up; Revenue Rises, Profits Decline

Published on: February 12, 2025, 06:03 PM UTC

Inflation is hitting the prices of breakfast staples like eggs, orange juice, and coffee. The cost of eggs is up 53% year-over-year, while orange juice prices have jumped 7.7%. Coffee is also getting more expensive, with instant coffee up 7.1%. A multitude of factors are to blame, including the highly pathogenic avian influenza, ongoing citrus greening, and weather events. As a result, grocers like Costco and Trader Joe's are limiting egg purchases, and restaurants like Waffle House are adding surcharges to menus. Consumers can expect to see higher prices for coffee at the grocery store as well.

Published on: February 12, 2025, 06:03 PM UTC

Despite a lackluster fourth quarter, analysts at Morgan Stanley remain bullish on Amazon (AMZN) citing strong AWS growth and generative AI investments in retail. Listen to the full Opening Bid podcast for insights on Amazon's future outlook and potential catalysts.

Published on: February 12, 2025, 06:02 PM UTC