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2025 › February › 28
11 months ago
The February print compares to a 2.7% estimate from economists surveyed by Reuters.
Nvidia bounces back from post-earnings slide, climbing above $3 trillion market cap ○
Nvidia is still the second most valuable U.S. tech company, behind Apple and ahead of Microsoft.
Fed's favorite core inflation measure hits 2.6% in January, as expected ○
The PCE price index was expected to show an annual inflation rate of 2.5% in January.
Microsoft is shutting down Skype after a 21-year run. Here's how it lost out to video call rivals ○
Skype is among the world's most long-lasting digital brands. But other mobile apps took off faster, and Skype didn't see the Covid bump that Zoom did.
Mexico extradites 29 drug cartel members to U.S. for trial as Trump tariffs loom ○
Canada and Mexico are trying to get the United States not to follow through on a promise by President Trump to impose tariffs of 25% on imported goods.
American Airlines to start testing free inflight Wi-Fi ○
American is under pressure to offer free in-flight internet after more airlines have begun offering the complimentary service.
Wall Street wanders into March with hopes of a recovery, but obstacles from jobs to tariffs loom ○
Macroeconomics will grow even more important next month, as traders move on from earnings and prepare for the Federal Reserve's next policy meeting.
The first quarter is on track for negative GDP growth, Atlanta Fed indicator says ○
The central bank's GDPNow tracker of incoming metrics is indicating that gross domestic product is on pace to shrink by 1.5%.
FAA clears SpaceX for another Starship test flight after explosion in January ○
SpaceX has attained authorization from regulators to fly its massive Starship rocket once again, the FAA announced Friday.
Nvidia bounces back from post-earnings slide, climbing above $3 trillion market cap ○
Nvidia is still the second most valuable U.S. tech company, behind Apple and ahead of Microsoft.