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Fed Stays Cautious as Hotter Inflation Raises Doubts About Rate Cuts

Hotter-than-expected inflation pushed back Fed rate cut expectations and made one cut in 2025 too dovish, according to experts.

Meta's AI Success: Outpacing Big Tech Rivals with Customer-Focused Investments

Meta's strong start to 2023 contrasts with struggles faced by other tech giants. The social media company's investments in AI are paying off, driving growth in ad sales and user engagement. Meta's open-source approach to AI models is also attracting attention, with the potential for future revenue streams.

Inflation Fears Stoke Market Volatility

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.

Chevron Plans Job Cuts of 15% to 20% to Boost Efficiency

Chevron plans to cut 15%-20% of its global workforce, impacting up to 9,000 employees, as part of a cost reduction strategy aiming for $2-$3 billion in savings by 2026 to enhance efficiency and competitiveness.

Intel Stock Gains on Support for Domestic Chip Manufacturing

Intel's stock surged after VP Vance promoted domestic chip manufacturing, highlighting the company's role as a leading US hope for AI chip production despite facing challenges and internal issues.

Fed Chair Powell Resists Trump Pressure for Rate Cuts

Fed Chair Powell says Trump's calls for lower interest rates won't change Fed rate decisions. Powell spoke during his semiannual testimony to Congress

CVS Q4 Earnings Beat Estimates, Sending Stock Soaring

CVS Q4 and FY2024 Earnings Beat Estimates, Stock Jumps in Pre-Market Trading

Grocery Price Surges: Eggs, Orange Juice, and Coffee Hit Shoppers Hard

Breakfast staples like eggs, orange juice, and coffee see inflationary pressures as egg prices surge 53%, orange juice 7.7%, and coffee 3.1% year over year. Inflationary factors include bird flu, weather events, and macroeconomic conditions, leading to potential price increases and shortages.

Tesla: Downward Spiral in Premarket as Stock Plunges 33%

Tesla's stock has been on a downward trend in February, dropping 33% since its December high. The company's fourth quarter earnings missed analyst estimates, and its sales in China and Australia have declined. The Trump administration's tariffs on steel and aluminum could also raise costs for Tesla.

Elon Musk's DOGE Reshapes Washington: Big Claims and Bigger Challenges

Elon Musk and President Trump outline ambitious goals for Musk's Department of Government Efficiency (DOGE), including $1 trillion in budget cuts and an end to inflation. Despite legal challenges and public resistance, both men remain determined to make significant changes.