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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 19, 2025
Page
12
U S inflation accelerated in December with a 2.9 percent year over year rise driven by gas eggs and used cars while core inflation eased to 3.2 percent. The Labor Department also reported a 0.4 percent monthly increase as gas prices spiked 4.4 percent in December before easing in subsequent weeks.
The Consumer Financial Protection Bureau sues Capital One claiming misleading ads about 360 Savings and 860 Savings accounts. It says customers lost over two billion in interest as Capital One kept rates low while national rates rose. Capital One disputes the allegations and says it will vigorously defend itself.
U S regulators barred the dye erythrosine Red No 3 from foods under the Delaney Clause after a 2022 petition by advocates. The ruling cites cancer risk evidence in lab rats and removes Red 3 from approved color additives for foods supplements and cough syrups.
A concise recap of market leaders and laggards across sectors with data supplied by iMoneyNet Inc. Highlights include top performing funds and those under pressure, reflecting investor flows and fund performance patterns for the week. Names of funds and industry groups are noted to anchor positions and trends.
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