Getty Images Worst 6-month PPI inflation since August 2022 (+5.3% annualized). After multiple rate cuts by the Fed, inflation heats up everywhere: services, food, energy, and other goods. The Producer Price Index final demand for services jumped by 0.54% (+6.7% annualized) in February from January, seasonally adjusted, after spiking by 0.82% (+10.3% annualized) in January, and by 0.59% (+7.3% annu...
Getty Images Worst 6-month PPI inflation since August 2022 (+5.3% annualized). After multiple rate cuts by the Fed, inflation heats up everywhere: services, food, energy, and other goods. The Producer Price Index final demand for services jumped by 0.54% (+6.7% annualized) in February from January, seasonally adjusted, after spiking by 0.82% (+10.3% annualized) in January, and by 0.59% (+7.3% annualized) in December, which pushed the six-month average to +5.8% annualized, the worst since August 2022, according to data from the Bureau of Labor Statistics today. The services PPI weighs 68% of the overall PPI. It drives the core PPI (which excludes food and energy components), and even the overall PPI (which includes food and energy). The overall PPI was further driven on a month-to-month basis by big spikes in food prices (+2.4% not annualized!) and energy prices (+2.3% not annualized!). Within the services PPI: Trade services PPI (weighs 19% in overall PPI): +0.4% month-to-month not annualized, after a big spike in the prior month. Transportation & warehousing services PPI (weighs 4.9% in overall PPI): +0.3% month-to-month not annualized, after a big spike in the prior month. Other services (weighs 38% in overall PPI): +0.6%. Year-over-year, the services PPI accelerated to 3.8%, the fourth month in a row of acceleration. The low point, the point of the coolest recent services PPI inflation, was in December 2023 at 1.8%. The inflation rate has more than doubled since then. PPI inflation has been broadly accelerating since 2023 , with a lull in early 2025, and a steeper acceleration over the past six months. Food inflation, after the massive spikes in 2021 and 2022, had calmed down a lot. But that ended in mid-2025, when food prices started to accelerate their increases. Prices of energy products had plunged through 2025, but are now spiking. And core goods prices started to accelerate in 2024 and continued to accelerate in 2025, in part fueled by tariffs that companie...
The US government is warning businesses to secure their corporate accounts within a popular Microsoft Corp. management tool, following a cyberattack on Stryker Corp. last week. The Cybersecurity and Infrastructure Security Agency issued an advisory late Wednesday urging companies to follow Microsoft’s recommendations for fortifying Intune, a tool that manages employee and administrative account ac...
The US government is warning businesses to secure their corporate accounts within a popular Microsoft Corp. management tool, following a cyberattack on Stryker Corp. last week. The Cybersecurity and Infrastructure Security Agency issued an advisory late Wednesday urging companies to follow Microsoft’s recommendations for fortifying Intune, a tool that manages employee and administrative account access across an organization. “CISA is aware of malicious cyber activity targeting end-point management systems of US organizations based on the March 11, 2026, cyberattack against US-based medical technology firm Stryker Corporation, which affected their Microsoft environment,” the bulletin read. “To defend against similar malicious cyber activity, CISA urges organizations to harden end-point management system configurations using the recommendations and resources provided in this alert.” The pro-Iranian group Handala claimed responsibility for the attack, which knocked some of the surgical robot and tool maker’s networks offline and affected shipping . Some surgeries have been delayed as a result. The Wall Street Journal previously reported that the hackers broke into Stryker’s Intune dashboard to create administrative accounts and effectively control access to Stryker’s systems.
Firms may pass some or all of the extra cost on to their customers, which in this case means UK consumers and other UK businesses. Companies may also decide to import fewer goods.
Firms may pass some or all of the extra cost on to their customers, which in this case means UK consumers and other UK businesses. Companies may also decide to import fewer goods.
Congressional Democrats walked out of a briefing with US Attorney General Pam Bondi and Deputy Attorney General Todd Blanche that was intended to cover the Justice Department’s handling of files related to sex trafficking investigations of disgraced financier Jeffrey Epstein . Representative Robert Garcia of California denounced the Wednesday evening session of the House Oversight and Government R...
Congressional Democrats walked out of a briefing with US Attorney General Pam Bondi and Deputy Attorney General Todd Blanche that was intended to cover the Justice Department’s handling of files related to sex trafficking investigations of disgraced financier Jeffrey Epstein . Representative Robert Garcia of California denounced the Wednesday evening session of the House Oversight and Government Reform Committee as a “fake hearing” and said Bondi had repeatedly refused to say whether she would comply with a subpoena for a committee deposition regarding the Epstein inquiry. “This has been completely set up in a way that’s been irresponsible. And quite frankly, we believe a way for the attorney general to get out of her answering questions under oath and to the public which will not accept,” Garcia told reporters. Asked as she left Capitol Hill whether she would appear for the deposition, scheduled for on April 14 , Bondi said “I made it crystal clear, I will follow the law.” Representative James Comer , the Republican chair of the oversight panel, said that he continues to pursue the subpoena for Bondi’s testimony and said that lawmakers will “talk about” holding her in contempt of Congress if she does not comply. “We were there to answer questions,” Bondi said about her appearance Wednesday. “We sat there saying, ‘anything you want to ask us,’” and then Democrats “stormed out of the meeting.” In an X post a short time later, the Republican-led panel said that “both Attorney General Bondi and Deputy Attorney General Blanche were answering substantive questions, and Attorney General Bondi stated she would follow the law regarding her subpoena.” “It’s clear Democrats don’t want answers or justice for survivors; they just want theatrics for their latest partisan stunt,” the panel said in the post, which was retweeted by Chad Gilmartin, a Bondi spokesman. Read More: Blanche Accused of Blocking Release of Unredacted Epstein File Epstein pleaded guilty in 2008 to Florida s...
For the upcoming third fiscal quarter, company management provided guidance forecasting revenue of approximately $33.5 billion. The midpoint of the gross margin guidance is 81%, with projected adjusted earnings per share of $19.15. This outlook surpasses the financial expectations previously set by Wall Street analysts. Gross margin expanded considerably to 74.4%, a significant rise from the margi...
For the upcoming third fiscal quarter, company management provided guidance forecasting revenue of approximately $33.5 billion. The midpoint of the gross margin guidance is 81%, with projected adjusted earnings per share of $19.15. This outlook surpasses the financial expectations previously set by Wall Street analysts. Gross margin expanded considerably to 74.4%, a significant rise from the margin reported in the prior-year quarter. Operating cash flow also saw a major increase, reaching $11.9 billion. All of Micron's business segments reported substantial revenue growth. The cloud memory segment saw revenue rise to $7.7 billion. Revenue from the core data center business increased to $5.7 billion, while the mobile and client business segment generated $7.7 billion in revenue. The automotive and embedded segment reported revenue of $2.7 billion. The company's chief executive officer stated that the record results were driven by strong demand conditions, constrained industry supply, and effective company execution. He further indicated an expectation for significant new records in the following fiscal quarter. Revenue for the quarter reached $23.9 billion, representing a substantial increase compared to the same period last year and the preceding quarter. Adjusted earnings per share were reported at $12.20. These figures significantly exceeded the consensus estimates of financial analysts, which had anticipated lower revenue and earnings. According to a report from Yahoo Finance, Micron Technology has announced its financial results for the second quarter of its 2026 fiscal year, which concluded on February 26. The company achieved record levels in several key financial metrics, including revenue, gross margin, earnings per share, and cash flow. This report provides a comprehensive view of the memories industry in the United States, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segmen...
Welcome back, Mo. The old place has missed you. How many more of these are we going to get? It would be incorrect to say this was Mohamed Salah’s night at Anfield. It was instead Mohamed Salah’s 17 second‑half minutes, although these were the decisive 17 minutes in this Champions League tie, and one of those interludes at this ground where a kind of voodoo descends, the night goes a little wonky a...
Welcome back, Mo. The old place has missed you. How many more of these are we going to get? It would be incorrect to say this was Mohamed Salah’s night at Anfield. It was instead Mohamed Salah’s 17 second‑half minutes, although these were the decisive 17 minutes in this Champions League tie, and one of those interludes at this ground where a kind of voodoo descends, the night goes a little wonky and ghosts flicker at the edge of things. In this case Anfield was treated to a glimpse, wind chimes tinkling, of Peak Salah, retro Mo, Salah the way we were. The key moment was a wonderful piece of skill to create and then finish Liverpool’s final goal in this 4-0 win. Salah took the ball on the right, played a one-two with Florian Wirtz, gilded by a saucy little bandy-legged flick into his path. Salah knows the lines from that spot. He took one touch and curled a left-foot shot in a hard flat arc into the far corner, the ball hanging in the Anfield air just long enough, a lovely soft white orb against the green, before it finally zinged the net. This was one of those bring‑the‑house‑down moments. Salah waved and kissed the turf. It felt coronational, but also shot through with a sense of last things and divvyings-up. There will be at least one more Champions League game here against Paris Saint‑Germain before the summer. But it probably won’t look much like this one. Arne Slot’s team spent the whole first half applying blunt, smothering pressure to the Galatasaray goal. Liverpool had 15 shots, scored once, missed chances, half‑missed half‑chances. It felt like watching one of those viral drunken city centre Friday night brawls, all flailing arms, rushes of blood and woozy men falling over. A bodged headlock. A wild, tottering overhand right. Somebody tries a roundhouse and falls into a wheelie bin. Puffer‑coat guy is wrestling neck‑tattoo man under the pool table. In the middle of which Salah was having a shocker. He missed a sitter right in front of goal with 20 minutes g...
Computer says no. Are AI interviews making it harder to get a job? Bhuvana Chilukuri has sent more than 100 job applications and is convinced very few have been seen by a human.
Computer says no. Are AI interviews making it harder to get a job? Bhuvana Chilukuri has sent more than 100 job applications and is convinced very few have been seen by a human.