Key inflation gauge for the Fed rose 0.5% in September, in line with expectations
The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.
CNBC US News
Elon Musk now in charge of Twitter, CEO and CFO have left, sources say
Tesla CEO Elon Musk has taken control of Twitter, which he agreed to purchase for $44 billion.
A court just ruled that CFPB's funding is unconstitutional, and that could be 'catastrophic' for mortgage markets
A court last week tossed out a regulation by the CFPB in a complicated ruling that attorneys worry could upend U.S. mortgage markets.
Facebook used to be a Big Tech giant — now Meta isn't even in the top 20 most valuable U.S. companies
Meta shares are down more than 20% on Thursday, the second time this year they've collapsed after an earnings report.
Amazon stock sinks 13% on weak fourth-quarter guidance
Amazon missed sales estimates for the third quarter, and it gave weak fourth-quarter sales guidance.
Amazon's cloud business just recorded its weakest growth to date and missed analysts' estimates
Amazon Web Services reported weaker-than-expected revenue in the third quarter.
Elon Musk carried a sink into Twitter on Wednesday as deal nears close
A judge gave Musk until Friday at 5 p.m. Eastern Time to complete the deal after she postponed the original trial dates.
Trump loses latest court bid to block Congress from getting his income tax returns
Former President Donald Trump has refused for years to publicly release his income tax returns. A House committee could soon get them.
Intel announces up to $10 billion in cost reductions through 2025
Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.
Apple beats but comes up light on iPhone sales and services
Apple reported earnings after the bell. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates.
Pinterest shares soar on third-quarter revenue beat as it bucks online ads trend
Pinterest shares jumped over 14% after the company posted third-quarter earnings that beat on both revenue and earnings per share.
Southwest says travel demand still strong, warns Boeing delays could continue into 2024
Southwest said delivery delays will determine its schedules going forward.
McDonald's earnings beat as customers return despite higher prices
The fast-food giant said traffic to its U.S. restaurants is growing despite higher menu prices.
American Airlines offers pilots higher raises in new contract proposal
The biggest U.S. carriers have been in negotiations for new contracts for months.
NASA says its annual economic output is triple the agency's budget
The report found that NASA's work in fiscal year 2021 generated an economic output of over $71 billion.
Meta shares plunge 24% to the lowest price since 2016
Shares of Meta continued to sell off on Thursday as investors and analysts digested the company's earnings miss and weak outlook.
Shopify shares pop 17% on smaller-than-expected loss
Shopify reported earnings before the opening bell. Here are the results.
GOP Rep. Liz Cheney backs Rep. Elissa Slotkin in tight Michigan House race in her first endorsement of a Democrat
Cheney is backing Slotkin in the Wyoming Republican's first-ever endorsement of a Democrat after having lost her GOP primary race to a Trump pick.
'We're going to hang you': DOJ cracks down on threats to election workers ahead of high-stakes midterms
The DOJ is cracking down on the escalation of violent threats ahead of another pivotal U.S. election that could flip the balance of power in Congress.
Amazon will open 172,000-square-foot Project Kuiper internet satellite factory
Project Kuiper is Amazon's plan to launch 3,000-plus internet satellites into low Earth orbit to extend high-speed broadband internet access around the globe.
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