Inflation eased in February, with the Consumer Price Index up 2.8% from a year earlier, below expectations, driven by lower core inflation and varying price changes in categories like food and fuel. President Trump’s tariffs are expected to impact prices in the future, causing concerns about economic growth and consumer sentiment. The Federal Reserve is likely to maintain its pause on rate cuts, with traders predicting three cuts this year due to rising economic uncertainty.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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