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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Aug 11, 2023
Page
6
U S consumer prices rose 3.2 percent from a year earlier in July after 12 straight declines, with core inflation up 0.2 percent month to month and 4.7 percent year over year. Economists say core gains remain subdued, hinting at slower price pressures and a cautious path for Fed policy.
Wall Street closed little changed after a July inflation report showed prices up 3.2 percent from a year earlier, nudging major indexes to modest moves. The S&P 500 rose 1.12 points, the Dow gained 52.79, and the Nasdaq added 15.97 as traders weighed Fed rate expectations against cooling inflation signals.
Linda Vaccarino, new X Corp chief executive, says eight weeks of talks with brands like Coca Cola Visa and State Farm aim to win back ad spend. She notes staff cuts from 8000 to 1500 since Musk took over and outlines brand safety measures while balancing free speech with moderation. She compares her role to a relay race with Elon Musk handling product and technology and her team handling partnerships and operations. Vaccarino also watches Meta’s Threads, acknowledging its spike then decline and the need to monitor competition.
Donald Trump’s valet Walt Nauta entered a not guilty plea on new charges tied to the Mar-a-Lago document hoard. Property manager Carlos De Oliveira’s arraignment was postponed due to ongoing difficulty securing Florida-based counsel, with trial set for May and a new arraignment date recently scheduled.
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