Economy
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Key inflation measure, personal consumption measure rose 2.8% in January, compared to year ago
Inflation-related data is from Commerce Department's monthly personal consumption expenditures price index
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JPMorgan CEO Jamie Dimon urges New York City to become more business-friendly like Texas
Dimon applauded Texas' light regulations and the fact it does not have an income tax.
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Commercial foreclosures increase 97% from last year to near decade-high
The last time that commercial foreclosures were this high was in May 2015, per agency data.
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Stock market clears milestones, with tech firms driving surge
Other tech firms, including Microsoft and Meta saw significant gains as well.
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Labor strikes in 2023 highest since 2000: Department of Labor
The 2023 disputes saw 458,900 workers participate.
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Capital One to buy Discover in $35 billion deal
The transaction will trade Discover shares for Capital One shares.
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Labor Department reports high-than-expected wholesales price increases in January
Economists surveyed by Dow Jones predicted a 0.1% increase.
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DOW Jones suffers worst single day since March 2023 after inflation numbers came in high
Preceding the fall was the Labor Department's monthly Consumer Price Index report revealing that prices increased 0.3% in January, putting inflation at an annual rate of 3.1%.
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Consumer prices increased 0.3% in January, annual rate was 3.1%, Labor Department
Consumer prices increased 0.3% in January annual rate moved to 3.1%, Labor Department
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Top economist says Super Bowl prices are skyrocketing due to inflation
According to Earl, that is a 93% increase from Super Bowl tickets in 2023.
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Top economist expresses concern about shrinking job total under the Biden administration
"In 28 years, I've never seen 11 of 12 months where job where job numbers came out looking very strong, and then they were revised downwards," Earle said.
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January unemployment rate 3.7%, unchanged from December
Economists surveyed by Factset projected the jobless rate would be 3.8%.
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GDP in fourth quarter grew at annualized rate of 3.3%, federal government
GDP for the third quarter of last year was 4.9%,