Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists’ expectations of 3.1%, according to a Reuters poll.
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Alibaba shares soar 11% in Hong Kong after stellar earnings as China’s e-commerce sector recovers
Alibaba has been making ‘significant strides’ in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.
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Meta approves plan for bigger executive bonuses following 5% layoffs
Meta’s executive officers could earn a bonus of 200% of their base salary under the company’s new executive bonus plan, up from the 75% they earned previously.
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Block shares fall on profit, revenue miss
Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.
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Kontoor Brands CEO describes growth plans for new acquisition
In a Thursday interview with CNBC’s Jim Cramer, Kontoor Brands CEO Scott Baxter discussed the apparel company’s new acquisition.