Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.
CNBC US News
Discord cuts 17% of workforce, joining growing list of tech companies downsizing to start 2024
Discord confirmed on Thursday that it's laying off 17% of its workforce, which equates to 170 employees, becoming the latest tech company to announce cuts.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.
Google challenges cloud rivals by making it free for customers to transfer data when they leave
Google's cloud group says clients should be free to move their data around without facing harsh penalties from tech vendors
Tesla raising factory worker pay in U.S. following UAW victories in Detroit
Tesla is increasing pay this month for many of its factory workers across the U.S., a move that comes after the UAW secured big wins against major automakers
Apple says longtime directors Al Gore and James Bell are retiring from the board
Two longtime Apple board members will retire in February, the company said on Thursday.
Microsoft briefly tops Apple as most valuable public company
Investors have been pushing up Microsoft shares in recent months with hopes that the software maker will profit from an artificial intelligence frenzy.
Apple's Vision Pro headset could sell out quickly at launch, top analyst predicts
The prediction from one of the top Apple supply chain analysts underscores how unusual and limited the launch of Apple's next major product line could be.
CVS to close ‘select’ pharmacies in Target stores in the coming months
The CVS pharmacy closures in Target stores will begin in February and finish by the end of April, a spokesperson said.
Amazon's Audible unit lays off about 5% of staff
Audible CEO Bob Carrigan said the move was being made in an effort to position the unit "for continued success," according to a memo viewed by CNBC.
GOP presidential candidates agree: Student loan borrowers shouldn't get forgiveness
The five major GOP presidential candidates still in the race all oppose student loan forgiveness.
FAA investigating if Boeing failed to ensure certain aircraft were safe for operation after door blew on Alaska Airlines plane
The probe comes after a part of a Boeing plane blew out in the middle of an Alaska Airlines flight earlier this month.
Trump fraud trial judge home was swatting target, police say
The swatting attempt against Judge Arthur Engoron comes after similar attempts were made against the special counsel prosecuting Donald Trump and another judge.
Amazon's cashierless checkout is coming to hospitals
Amazon said a new iteration of the technology lets employees pay for items with their work badge without having to wait in line.
How KFC won over China
While much of KFC's early success came from the U.S., today the majority of its growth is in China.
Scaramucci says he plans to buy U.S. bitcoin ETF, 2023 was the best year for his crypto funds
Anthony Scaramucci, founder and CEO of SkyBridge Capital, says the SEC's approval of the first spot bitcoin ETFs should be viewed as a watershed moment.
Trump won't pledge to divest from businesses if he wins second term
Trump resisted pressure during his first term in office to divest from his businesses, a tradition followed by all other modern presidents.
Thursday's inflation report could challenge the market outlook for big Fed rate cuts
The consumer price index is projected to have risen 0.2% in the final month of 2023, or 3.2% for the full year.
Amazon lays off more than 500 employees in its Twitch unit
Twitch CEO Dan Clancy said the cuts were being made in an effort to "rightsize our company."
Amazon cuts hundreds of jobs in Prime Video and MGM Studios: Read the memo to employees
Mike Hopkins, who oversees those units, sent a note to staffers informing them of the job cuts.
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