J Balvin Says It’s Hard To Gauge Tesla Cybertruck Speed Amid Hotel Crash

Play video content TMZ.com J Balvin says there’s one flaw with the Cybertruck — the engine’s so dang quiet, it’s hard to tell how fast you’re going from behind the wheel … but he’s got a solution for Elon Musk. We got the Colombian singer at Record Plant Recording Studios in Los Angeles Monday … … Read more

Wall Street on edge over Fed’s key inflation gauge

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

Fears over yet another hot inflation gauge

A man walks past a grocery store on February 01, 2023 in New York City. Wages for workers in most major U.S. cities grew at a slower pace in the final three months of 2022, with inflation still outstripping pay for many workers. Leonardo Munoz | Corbis News | Getty Images This report is from … Read more

Fed’s favorite gauge rises 0.2%; 3.5% from a year ago

Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday. The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on … Read more

Fed’s preferred inflation gauge TKTK

Inflation continued to cool in October. The Personal Consumption Expenditures (PCE) Index grew 3% year over year for the month, down from 3.4% in September and with expectations. “Core” PCE, which excludes the volatile food and energy categories, grew 3.5%, down from 3.7% from the month prior and in line with what economists surveyed by … Read more

Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate

Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The core personal consumption expenditures price index, which the Federal Reserve uses as a key measure of inflation, increased 0.3% for the month, in line with the Dow Jones estimate and above the 0.1% level for … Read more

Argentines vote in a major election that may gauge the craving for change amid financial turmoil

BUENOS AIRES, Argentina — Argentines voted Sunday in a major election that may act as a bellwether forward of October common elections and provides a touch at how keen residents are for a change in a rustic that’s struggling one of many world’s worst inflation charges. The first will decide who would be the presidential … Read more

Argentines vote in a main election that may gauge the craving for change amid financial turmoil

Argentines vote Sunday in a main election that may act as a bellwether forward of October common elections and provides a touch at how keen residents are for a change in a rustic that’s struggling one of many world’s worst inflation charges ByDANIEL POLITI Related Press August 13, 2023, 12:31 AM FILE – United for … Read more

Inflation rose 0.4% in April and 4.7% from a 12 months in the past, in line with key gauge for the Fed

Inflation stayed stubbornly excessive in April, probably reinforcing the probabilities that rates of interest may keep greater for longer, in line with a gauge launched Friday that the Federal Reserve follows carefully. The private consumption expenditures worth index, which measures a wide range of items and companies and adjusts for adjustments in shopper habits, rose … Read more