In February, The Federal Reserve’s core personal consumption expenditures price index rose by 0.4%, the largest increase since January 2024, putting the 12-month inflation rate at 2.8%, above economists’ expectations. Additionally, consumer spending increased by 0.4%, lower than projected, with personal income rising by 0.8%. These numbers had a brief negative impact on stock market futures and Treasury yields, as uncertainty surrounding tariffs and inflation persists.
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LinkedIn Co-Founder Claps Back at Elon Musk: ‘Many People Don’t Like You’
Elon Musk and LinkedIn co-founder Reid Hoffman clashed on social media, with Musk accusing Hoffman of funding groups organizing protests against Tesla, leading to a heated exchange between the two. Musk has been increasingly involved in the protests against Tesla, calling for the arrest of organizers and describing them as "bad people." The FBI is investigating incidents of vandalism at Tesla dealerships, while protests are expected to continue as Musk remains CEO and adviser to...
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