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Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: On Monday morning, former President Donald Trump said in an interview, “I consider Facebook to be an enemy of the people.” On Monday, Meta Platforms (META) stock fell 4%. Meta’s decline outpaced the 0.4% drop seen in the tech-heavy Nasdaq to start the week and served as perhaps the first reminder to investors riding the “Magnificent Seven” trade that election risk matters to… Source link

(Bloomberg) — Bitcoin is sustaining a record-breaking run, lifted by the unprecedented amounts of capital flowing into crypto products as well as a looming reduction in the digital token’s supply growth. Most Read from Bloomberg The original cryptocurrency reached an all-time peak of almost $72,881 on Monday and was trading at $72,220 as of 7:15 a.m. in London on Tuesday. A record $2.7 billion flowed into crypto assets last week, according to a report from CoinShares international Ltd.,… Source link

[unable to retrieve full-text content]Stock market today: S&P 500, Nasdaq dip ahead of key inflation print  Yahoo Finance Source link

Once upon a time, in October 2022, the San Francisco 49ers traded draft picks in the second, third, fourth and fifth rounds to acquire a player whom they’d still need to pay big money. This sixth-year pro wasn’t a quarterback. He wasn’t a pass rusher. He wasn’t even, by title or league tracking data, a receiver. No, the 49ers decided to pony up all that draft capital and money to acquire running back Christian McCaffrey. In this economy. McCaffrey arrived with an injury history,… Source link

(Reuters) -The Federal Aviation Administration’s (FAA) audit of Boeing’s 737 MAX production process after a panel blew off on an Alaska Airlines jet in January failed 33 of 89 tests, the New York Times reported on Monday. In the wide-ranging investigation, Boeing failed a check which dealt with the component that blew off the jet, known as a door plug, the report said, citing an FAA presentation viewed by NYT. Supplier Spirit AeroSystems, which makes the fuselage for the MAX, passed six of 13… Source link

Once again, Kirk Cousins won the checkbook Super Bowl. And once again, the victory will ripple across the NFL and into a multitude of different franchises, impacting the landscape of contract extensions, trades and the forthcoming draft. The subtext of Cousins’ four-year, $180 million pact with the Atlanta Falcons, includes $100 million in hard guarantees that will boost his earnings to at least $321 million over the course of his career. It’s another win in a long line of victories for… Source link

Subscribe to Zero Blitz Free agency is upon us, and Jason Fitz and Frank Schwab are joining forces to react to and give letter grades for all the biggest moves from day one of the NFL’s legal tampering window. The duo start off with the QB news, as Kirk Cousins is headed to the Atlanta Falcons (what does he still have left in the tank?), and the Minnesota Vikings have no long-term plan at quarterback. Russell Wilson signs with the Pittsburgh Steelers and Baker Mayfield remains in Tampa Bay…. Source link

We officially have game time and TV information for Georgia’s annual G-Day spring scrimmage on Saturday, April 13. The game will begin at 1 p.m. ET and air on SEC Network+, the school announced on Monday. The Bulldogs are set to begin spring practice on Tuesday, the first of five weeks of practices on a Tuesday-Thursday-Saturday schedule. Fans will have their first chance to see the new breed of Bulldogs in Sanford Stadium on April 13. Spring practice is is often underestimated when it comes… Source link

Since the collapse of Silicon Valley Bank (SVB), worries persist about where the value will land to service startups financially. SingleStore CEO Raj Verma joins Yahoo Finance to discuss the collapse of SVB and its impact on the present state of venture capital. Verma explains that the emphasis on “growth at any cost” has subsided: “I think investors are looking for a leveraged growth model and I think the companies are resulting to working on profitable growth, et cetera. So that’s a big… Source link