Key inflation measure rises at fastest pace since 1992
CNN
Consumer prices roared higher last month, rising at their fastest pace in decades.
Inflation rose 5% in the 12-months ending in May, the Bureau of Labor Statistics reported Thursday. That marked the biggest jump since August 2008. Stripping out food and energy costs, which tend to be more volatile, inflation stood at 3.8% over that 12- month period. It was the biggest increase in so-called core inflation since June 1992.
xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup works to keep pace with the reasoning and search capabilities in competitors’ models.
Nike is in a slump. Sales are down, its stock has lost more than a quarter of its value over the past year and its new CEO needs some help turning around the aging athletic company. Enter Kim Kardashian.
Poppi and Olipop, watch out: Coca-Cola is entering the “better for you” soda category with a response of its own.
The White House has ordered thousands of government web pages to be taken down over the past month, leaving virtually no trace of some federal agencies’ policies regarding critical topics such as sexual orientation, January 6 cases and discrimination.
Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first involuntary layoffs in the company’s history.
The Washington Post scrapped an upcoming print ad from a pair of advocacy groups calling for the firing of Elon Musk as head of the Department of Government and Efficiency.
Argentine lawyers filed fraud complaints against President Javier Milei in criminal court on Sunday for promoting a cryptocurrency on his social media, one of the lawyers told The Associated Press.
Tesla sales are in an unprecedented slide. Competitors are rapidly gaining ground. There’s a lot of bad news for Tesla lately – but it’s unclear if the politics of its polarizing CEO, Elon Musk, are to blame.
Last summer, rule changes from the National Association of Realtors, the powerful real estate trade organization, threatened to upend the way Americans buy and sell homes. Some experts predicted the 6% commission, the unofficial fee for buying or selling a home, would be finished.
Many Americans enjoy a day off on the third Monday of February every year. That’s because it’s Presidents’ Day, officially named Washington’s Birthday in honor of America’s first president, George Washington (his actual birthday is February 22).
Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country to a more business-friendly direction after a yearslong regulatory crackdown.
Marvel’s “Captain America: Brave New World” topped the weekend box office and is projected to finish as one of the highest-grossing Presidents’ Day weekend openers.
Stroll down the dairy aisle of your local grocer, and you’ll likely find a growing array of coffee creamers with so many flavors that it practically rivals sweets and sodas.