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January CPI: Food, Rent, and Autos Push Inflation Higher Than Expected

Inflation stays stubbornly high as CPI jumps 3% in January and core inflation rises 0.4%; Fed faces complicated path forward amid Trump's protectionist policy

US Stocks Recover After Alphabet, AMD Earnings Disappoint

US stocks rebounded from losses on Wednesday to close higher on the day. Earnings from Alphabet (GOOG, GOOGL) and AMD (AMD) fell short, but Big Tech got a boost from a jump in Nvidia (NVDA) shares. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%, while the benchmark S&P 500 (^GSPC) added 0.4%. The Dow Jones Industrial Average (^DJI) led the gains, rising 0.7%, or more than 300 points.

Stablecoin Market Hits $204 Billion, Signaling Potential Cryptocurrency Rally

Stablecoin market capitalization surges past $200 billion, indicating a potential cryptocurrency rally. Stablecoins' transfer volume eclipses Visa and Mastercard combined, fueled by bots. Yield-bearing stablecoins contribute to market growth, while USDT deposits on exchanges rise significantly.