Many economist and analysts were hoping for inflation to start easing a little, but the CPI shows differently.
Before the CPI report, Twitter rose more than 5% in premarket trading despite missing on earnings. The company reported that it netted 6 million daily active users in the fourth quarter. It also reported that Apple’s iOS privacy changes have only had a “modest” impact; Twitter was able to achieve a 13% increase year-over-year in monetizable daily active users. TWTR plans to buyback $4 billion in stock.
From soda wars to streaming wars, Disney stunned investors by adding 11.8 million subscribers to its Disney+ streaming service, well above analysts’ estimates of 8.3 million. The gain adds a little more confusion into who might be the winner of the streaming wars. One of the most notable individual movers on Wednesday was CVS Health Corp. , which fell 5.45%. The company forecasted a sharp decline in the number of COVID-19 vaccines it will distribute this year.
However, the issue of how sectors perform in a rising interest rate environment is a bit of an oversimplification because interest rates are not a singular thing. There are interest rates on corporate and municipal bonds as well as Treasuries. There are short-term rates, medium-term, and long-term rates, as well as other ways of parsing down interest rates. Although typically there is a correlation between the movement of these various rates, the relative movement of these rates do matter.
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Boeing deliveries slip to three-month low as Dreamliner problems weighBoeing Co said on Tuesday it delivered 32 aircraft in January, the lowest in three months, as its sidelined 787 Dreamliner program continued to weigh on the planemaker's ability to capitalize on a recovery in air travel.
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Homage fills community need with Bengals, Black History Month collectionsHomage partnered with Bengals player Sam Hubbard to combat food insecurity. And the shop's Black History Month apparel benefits local organizations.
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COVID vaccinations for kids under 5 to begin this month in U.S.: CDCOver 12 million cases of COVID-19 have been reported in children in the U.S. since the beginning of the pandemic.
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12 podcasts to listen to during Black History Month | Digital TrendsTake a deep dive into racial disparity, adversity, empowerment, and Black history and culture with our pick of podcasts to listen to for Black History Month.
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Community Legal Aid amplifying Black voices with new Black History Month initiativeCommunity Legal Aid is shining a spotlight on Black History Month by allowing their staff members to share their own stories with their Amplifying Black Voices initiative.
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