A key measure of inflation shows prices rising faster than economists expected, pizza stocks lose ground, and the Department of Justice tries to block Adobe's acquisition of Figma. The Commerce Department reported its Personal Consumption Expenditures (PCE) Price Index rose 0.6% in January after climbing 0.3% in December and was above the 0.4% economists expected. The PCE Price Index is the Fed’s preferred gauge of inflation as it more closely tracks spending decisions by U.S. consumers than the Consumer Price Index (CPI). Read More...
Bloomberg
Trump Grand Juror Talks to the Press
The foreperson of the special grand jury investigating Donald Trump’s efforts to overturn Georgia’s election results has complicated the work of prosecutors with a series of surprisingly frank media interviews but is unlikely to get any potential cases thrown out. Emily Kohrs gave several interviews to TV and print outlets. Bloomberg’s Erik Larson reports. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
