Key inflation gauge for the Fed rose 0.5% in September, in line with expectations
The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.
A court just ruled that CFPB’s funding is unconstitutional, and that could be ‘catastrophic’ for mortgage markets
A court last week tossed out a regulation by the CFPB in a complicated ruling that attorneys worry could upend U.S. mortgage markets.
Elon Musk now in charge of Twitter, CEO and CFO have left, sources say
Tesla CEO Elon Musk has taken control of Twitter, which he agreed to purchase for $44 billion.
Pinterest shares soar on third-quarter revenue beat as it bucks online ads trend
Pinterest shares jumped over 14% after the company posted third-quarter earnings that beat on both revenue and earnings per share.
Intel announces up to $10 billion in cost reductions through 2025
Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.
Amazon’s cloud business just recorded its weakest growth to date and missed analysts’ estimates
Amazon Web Services reported weaker-than-expected revenue in the third quarter.
NASA says its annual economic output is triple the agency’s budget
The report found that NASA’s work in fiscal year 2021 generated an economic output of over $71 billion.
American Airlines offers pilots higher raises in new contract proposal
The biggest U.S. carriers have been in negotiations for new contracts for months.
New Covid boosters aren’t better than old shots at neutralizing omicron BA.5, early studies find
Two independent studies suggest the new Covid booster shots don’t protect better against omicron BA.5 than the original vaccines.
Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory
Shares of AutoNation, Group 1 and other auto dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand.
