The question now is how much more evidence policymakers will need to see before they take their foot off the brake.
Stocks making the biggest moves midday: Cognizant, American Airlines, Logitech and more
These are the stocks posting the largest moves in midday trading.
Jim Cramer’s Investing Club meeting Thursday: December CPI, Disney, Wells Fargo
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
Porsche sees small uptick in global sales despite big drop in Taycan EV
Porsche said a 16% drop in global sales of its electric Taycan were “due to supply chain bottlenecks and limited component availability.”
JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts
Regardless of the outcome of this legal scuffle, this is an embarrassing episode for JPMorgan and its CEO Jamie Dimon.
Here’s the inflation breakdown for December 2022 — in one chart
Inflation continued to moderate in December, a welcome sign for consumers. Gasoline prices plummeted and many other categories are pulling back.
After ‘misery’ for tax filers in 2022, IRS to start 2023 tax season stronger, taxpayer advocate says
After another challenging year for the IRS in 2022, the agency may be primed for a better 2023 tax season, according to the Taxpayer Advocate Service.
Iconic Kobe Bryant jersey up for auction, expected to fetch up to $7 million
A jersey that Kobe Bryant wore for 25 games during his MVP season is being sold at auction by Sotheby’s.
Consumer prices fell 0.1% in December, in line with expectations from economists
The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow Jones.
FTX founder Sam Bankman-Fried denies stealing user funds and repeats claims of solvency in new post
Bankman-Fried repeated several claims which bankruptcy officials and federal regulators have denied or contradicted.