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The latest Consumer Price Index (CPI) reading saw prices rise by 0.4% monthly and 2.9% annually in December, the inflation data in line with economist expectations. Core CPI — which excludes trends in food and energy costs — rose by 0.2% month-over-month and 3.2% year-over-year, both data sets below forecasts.
Major banks JPMorgan Chase & Co. (JPM), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS) have all reported their first quarter earnings results, all of their respective shares rising in pre-market trading.
The Securities and Exchange Commission (SEC) has sued billionaire Elon Musk, claiming he misled shareholders and failed to timely disclose his Twitter — now known as X — share purchases while he grew his stake in the company. Watch Yahoo Finance's full interview with outgoing SEC Chair Gary Gensler.
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This post was written by Luke Carberry Mogan.