Are you wondering how the Consumer Price Index (CPI) relates to inflation and what it means for the Federal Reserve's decision to cut interest rates? Look no further. In this article, we will delve into the intricate relationship between CPI and inflation, and why the Fed might not be rushing to lower rates anytime soon.
Despite the hit made by the six weeks-long UAW strike, Stellantis N.V. (NYSE: STLA) reported otherwise strong earnings for the full year. But the global auto giant reported a profit drop during the second half of 2023 due to halted production.
Pfizer Inc. (NYSE: PFE) recently held its fourth-quarter earnings call, revealing a year of contrasts for the pharmaceutical giant. While the company faced setbacks, particularly with its COVID-19 products, it also made significant strides in other areas, setting a foundation for future growth.
Uber Technologies Inc's (NYSE: UBER) stock hit an all-time high of $79 as it unveiled an ambitious $7 billion share buyback program. The buyback holds significance, marking a turning point for Uber. Since its public debut in 2019, the company has experienced both successes and setbacks.
Shopify Inc (NYSE: SHOP) posted its fourth quarter results on Tuesday. Although its performance during the last quarter of 2023 surpassed estimates, its outlook for the undergoing quarter was mixed.