Author: News Room
The numbers: Consumer prices rose a scant 0.1% in March largely because of lower energy costs, but U.S. inflation more broadly was still high and showed little sign of quickly subsiding. Economists polled by the Wall Street Journal had forecast a 0.2% increase in the consumer price index. It was the smallest uptick in three months. The yearly… Read the full article here
Finally, some good news about grocery prices. For the first time since the start of record-high inflation two years ago, the increase in food prices showed signs of easing. Food was 8.5% more expensive in March than a year ago, down from a reading of 9.5% in February, according to the latest government data released Wednesday. Annual food… Read the full article here
The collapse of two banks in March—and the turmoil that ensued—prompted several Federal Reserve officials to contemplate a pause in the central bank’s tightening cycle and led Fed staff to forecast a mild recession starting later this year. The minutes from the Fed’s March 21-22 policy meeting, released Wednesday afternoon, show just how much uncertainty the financial chaos unleashed, and how it influenced the path forward for monetary policy. Meeting just over a week after the Fed assembled an emergency lending program meant to shore up confidence and stability in the country’s financial system, officials were still working to digest…
As the broader stock market has been on a tear for about a month, things are looking grim for investors with big short positions in stocks like AMC Entertainment Holdings Inc. and GameStop Inc., and one analyst has listed the “most squeezable” of those stocks…. Read the full article here
Watch Florida republican react to question about ‘right to live’ amid mass shootings Following multiple mass shootings and ongoing calls for gun reform, CNN’s Jake Tapper presses Rep. Byron Donalds (R-FL) on his stance on gun ownership. Read the full article here
G7 member states have pushed back on the viability of a central part of Japan’s climate strategy, according to an environment ministers’ draft communiqué seen by the Financial Times, in a challenge to Tokyo’s efforts to shape Asia’s transition to cleaner energy.The scrutiny of Japan’s climate plans comes ahead of a meeting of G7 environment ministers in Sapporo this weekend, where representatives will attempt to align the world’s most advanced economies in the fight against global warming. Japan has sought to play a central role in financing the shift towards cleaner forms of energy in Asia, which accounts for roughly…
While Roku, Inc. (NASDAQ:ROKU) boasts advantages such as high penetration in the US market and technological advantages, it faces fierce competition, and international expansion may prove to be a challenge. Taking these assumptions into consideration, I see the value of the shares at $52, a 17% downside from current levels. In this article, I will explore factors contributing to ROKU’s growth, including its platform segment, market penetration, content neutrality, and technological advantages. Additionally, I will discuss the challenges the company faces, such as competition, customer loyalty, and international expansion. Growth Driven by Platform Segment ROKU has experienced tremendous growth in…
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Uber is funding a new program that aims to get electric bikes with dangerous non-certified lithium-ion batteries off New York City streets. The company said on Wednesday it will soon allow the thousands of New York City delivery workers who use e-bikes the ability to trade-in their bikes for newer, safer models. The news follows a string of fires caused by lithium-ion batteries, which have been known to overheat when charging and cause massive explosions. Earlier this week, the New York City police department said an e-bike’s lithium-ion battery was behind a fatal two-alarm fire in Queens. The FDNY’s Chief…
