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The latest inflation data shows a hotter-than-expected increase, leading the Federal Reserve to maintain a cautious stance on interest rates for the foreseeable future.

Published on: February 12, 2025, 08:03 PM UTC

Intel stock rose 3% after VP Vance's bullish comments on domestic chip manufacturing, as the company aims to boost AI chip production in the US amidst competition from TSMC and Samsung.

Published on: February 12, 2025, 08:02 PM UTC

Intel stock jumped after Vice President Vance signaled the Trump administration's support for domestic AI chip manufacturing, but the company faces challenges to regain its dominance.

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

Inflation data released Wednesday showed consumer prices rose more than expected in January, with core prices reversing last month's easing. The Federal Reserve's path forward remains in focus. CPI increased 3% year-over-year, up from 2.9% in December, driven by factors like higher fuel and food costs. Core inflation, excluding volatile food and gas, rose 0.4% month-over-month and 3.3% year-over-year. Used-car prices contributed to the increase in core goods. Economists debate the impact of the data on the Fed's interest rate decisions, with some expecting a more cautious approach.

Published on: February 12, 2025, 06:01 PM UTC

Knight-Swift, A. Duie Pyle and TForce Acquire Seven Yellow Corp. Terminals for $15.1 Million

Published on: February 12, 2025, 06:00 PM UTC

Inflation is hitting shoppers' wallets, with key staples like eggs, orange juice, and coffee seeing significant price increases. Avian influenza has reduced egg production, while hurricanes and citrus greening have affected orange juice. Coffee prices are also on the rise due to weather events and supply chain issues.

Published on: February 12, 2025, 05:02 PM UTC

Despite a weak Q4, Amazon's (AMZN) stock is rising on support from bulls amid generative AI investments and margin improvement expectations in the retail business.

Published on: February 12, 2025, 05:02 PM UTC

Trump blames "Biden inflation" after surprise rise in consumer prices

Published on: February 12, 2025, 05:02 PM UTC

Inflation slowed in January, but core prices surged, dashing hopes for a quick return to the Federal Reserve's 2% target. The CPI rose 3% year-over-year, with core prices climbing 3.3%, driven by shelter and services costs. Used car prices also contributed to the increase. The data complicates the Fed's path forward for interest rates, with economists expecting a bumpy road ahead.

Published on: February 12, 2025, 05:01 PM UTC