The core personal consumption expenditures price index was expected to increase 0.3% in February.
Watch CNBC’s live coverage of Friday’s key inflation data
The Commerce Department on Friday will release the February reading for the personal consumption expenditures price index.
Huawei’s profit doubled in 2023 as smartphone, autos business picked up
Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.
The wealth of the 1% just hit a record $44 trillion
Economists say the rising stock market is giving an added boost to consumer spending through what’s known as the “wealth effect.”
Stocks making the biggest moves midday: RH, Reddit, Estée Lauder, AMC and more
These are the stocks posting the largest moves midday.
The S&P 500 is about to wrap the quarter with a 10% gain. Resist the urge to time a pullback
After five-month epic runs like this, markets tend to be higher down the line.
Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up
Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in China’s fiercely competitive electric car market.
Stocks making the biggest moves premarket: Walgreens Boots Alliance, Estee Lauder, RH and more
These are the stocks posting the largest moves in premarket trading.
Meme stocks are back as Trump Media and Reddit surge upon their debuts
Trump Media and Reddit share a key attribute in common with the likes of GameStop.
UBS chief’s surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.