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The company is considering raising a Series C before what's left of its $90 million in funding runs out. BeReal closed a $60 million Series B funding round at an around $600 million valuation in late 2022, following a $30 million Series A earlier the same year. Sooner than later, BeReal leadership will be forced to choose between raising another round and maintaining its independence or selling itself outright, running the risk of disappearing. Company leadership holds an all-hands every quarter after they meet with the company's board, which includes investors. As for the possibility of an acquisition, BeReal leadership has told employees there are "offers" that have been made, without giving any specifics.
Persons: Alexis Barreyat, what's, BeReal, Yuri Milner's, Andreessen Horowitz, Barreyat, Romain Salzman, Kali Hays, Callum Burroughs cburroughs@businessinsider.com Organizations: Business, Gas, Yuri Milner's DST, Accel Locations: Paris, Japan, Asia, Pacific, khays@businessinsider.com
Investors aren't anticipating healthcare funding to surge to anything resembling 2021 levels this year, and fewer deals could mean shutdowns for many companies running low on cash. Multiple healthcare startups have announced raises this year at Series B and beyond. Investors said there's now a higher bar for which startups get venture funding compared to 2021, however. Exits and shutdowns aheadWhile a number of biotech startups have jumped into the public markets already this year, the IPO window for healthcare startups has remained firmly shut. Still, many investors are optimistic that a few healthcare startups will test the waters later this year.
Persons: Anargha Vardhana, There's, they're, Christina Farr, haven't, Richard Drury, Scott Barclay, Shiv Rao, Vardhana, there's, Farr, Sara Choi, Ritankar Das, Supriya Jain, Jain, Barclay Organizations: Business, Insight Partners, Investors, Entrepreneurs, Wing Venture Capital, Boston Consulting Locations: orthopedics
CNN —As he led the team out inside of a raucous Emirates Stadium on Tuesday night, Arsenal captain Martin Ødegaard had the weight of expectation on his shoulders. Because Ødegaard looks to have finally found his home at Arsenal. On a magical night for Arsenal fans, Ødegaard produced another sensational performance, proving once again to be the creative spark for Mikel Arteta’s team. But, in Ødegaard, Arsenal finally has a leader who looks determined to lead this team to success. And, in Arsenal, Ødegaard finally has a place to shine.
Persons: Martin Ødegaard, Ødegaard, Mikel Arteta’s, Leandro Trossard, Arsenal's Ødegaard, Andrew Boyers, Arsene Wenger’s, Martin, , Hans Erik Ødegaard, Zinedine Zidane, Denis Doyle, Luka Modrić, Toni Kroos, Arteta, , “ Martin, he’s, ” Ødegaard, Mike Hewitt Organizations: CNN, Emirates, Arsenal, Gunners, Porto, Champions League, Norwegian, Strømsgodset, Norwegian national, Manchester United, Liverpool, CNN Sport, , Madrid, Real Madrid, La Liga, Spanish, Real Sociedad, ” Arsenal, English Premier League rivals Manchester City Locations: Norwegian, Europe, France, Real, London, Liverpool, Ødegaard, Arsenal
Read previewAbout a year ago, I signed up for an American Express checking account. I canceled my American Express Rewards checking account just a year after opening. It came as a shock to me that it wasn't available with an Amex checking account and defeated a large purpose of opening this account. It was hard to deposit and transfer moneyAmerican Express makes it incredibly difficult to fund the Amex Rewards checking account. The APY wasn't competitiveBecause of its limited functionality, I ended up using my Amex Rewards checking account as a sort of savings account.
Persons: , Bill Organizations: Service, Business, American, Express, American Express, Capital
After a yearlong investigation, Hur concluded that Biden mishandled classified material and improperly disclosed classified information as a private citizen. Here are four key things to look for in Tuesday’s high-stakes hearing:What will Hur say about Biden’s age and memory? (At 81, Biden is the oldest US president in history, though Donald Trump is only a few years younger at 77.) House Republicans are looking for Hur’s public testimony to provide fresh momentum to their sputtering impeachment inquiry into Biden. Hur’s approach will determine how easy, or hard, it is for lawmakers to extract the political moments that they want.
Persons: Robert Hur, Joe Biden’s, Hur, Biden, wouldn’t, Donald Trump, Beau, Barack Obama, seething Biden, , ” Biden, , Jack Smith, Trump, ” Hur, Will Hur, Hunter, Steve Ruark, Mr, Biden’s, Hunter Biden, Robert Mueller, John Durham, Bill Barr, – Hur, he’ll, Biden’s feebleness Organizations: CNN, GOP, Justice Department, Republicans, National Archives, Department of Justice, Court, Ukrainian, Justice, Internal Revenue Service, White, Trump, Democratic, Capitol Locations: Washington, Tuesday’s, Israel, Florida, Ukrainian, Baltimore, Maryland, Russia
CNBC's Jim Cramer began his professional investing career at Goldman Sachs. "From my early days at Goldman Sachs, I learned the core principles of investing, finding solid ideas to build a diversified portfolio to create long-term wealth in a way that suits the customer," he said. At Goldman, Cramer handled nondiscretionary accounts, meaning he worked on commission and needed clients' approval to invest their money in stocks he deemed worthwhile. In this role, he discovered the importance of being able to clearly articulate investing ideas before making any moves. "At Goldman, I learned something that, to this day, can't be understood by so many professionals in this business: Individuals can and do beat the market quite regularly."
Persons: CNBC's Jim Cramer, Goldman Sachs, Goldman, Cramer, It's, they've Organizations: Goldman
Read previewIvanka Trump's days as a prominent White House advisor are behind her, and she's got a new image in the works. Donald Trump and Ivanka Trump on March 20, 2020 in Washington, DC. AdvertisementJared Kushner and Ivanka Trump walk on the south lawn of the White House on November 29, 2020. In the White House, Ivanka's style was professional and predictableAs an advisor, Ivanka's style while working at the White House can be summed up in a few words: professional, feminine, and safe. AdvertisementDon Jr., Donald Trump, and Ivanka Trump on "The Celebrity Apprentice" in 2009.
Persons: , she's, It's, Donald Trump, Ivanka Trump, Alex Wong Namely, Ivanka, Jared Kushner, Tasos Katopodis, Trump, minidresses, Don Jr, Bill Tompkins, Escada, Marcus, Steven Mnuchin, Oscar, la, Neiman Marcus, Donald, Mitra Ahouraian, I'm, Alessandra Rich, Emilio Pucci, Pucci, Kim Kardashian, Monique Lhuillier, Ahouraian, Kardashian, Kushner, Ambani, Manish Malhotra Organizations: Service, White, Business, New York, Trump Org, White House, Getty, Neiman, Footwear News, United, Treasury, Mail, Gucci, Miami Grand Prix, Footwear, Fontainebleau Locations: Washington , DC, New, New York City, Florida, New York, United States, Fontainebleau Las Vegas, India
Atheists are still reluctant to ‘come out’
  + stars: | 2024-03-10 | by ( Harmeet Kaur | ) edition.cnn.com   time to read: +11 min
Just like people of faith, not all atheists believe the same things. Because atheists are defined by what they don’t believe, it’s difficult to generalize what they do believe. What do atheists believe? Nearly a third of atheists believe humans have souls or spirits in addition to their physical body. It's hard to talk about atheists as a large group because they're defined by what they don't believe in.
Persons: CNN —, Ron DeSantis, it’s, , Ricky Gervais, , Richard Dawkins, Sam Harris, Nick Fish, ” Fish, don’t, , Jason Lancaster, Diana Nyad, Oprah, Will Gervais, Maxine B, Najle, Gervais, ” It’s, , I’m, Jocelyn Williamson, doesn’t, ” Williamson, “ There’s, Williamson, They’re, Fish Organizations: CNN, Florida Gov, Gallup, Merriam, American Atheists, Pew Research, Getty, Pew, Central, Central Florida Freethought, Central Florida Freethought Community, ” Atheists, Interfaith Council of Central, Christian, Habitat, Humanity Locations: Florida, Central Florida, Interfaith Council of Central Florida
Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid business. That $43 billion Seagen acquisition doubled Pfizer's oncology drug pipeline to 60 different experimental programs. Some analysts noted that it might take a few years for some of Pfizer's cancer drugs in mid-stage development to show pivotal clinical trial data and become less risky. Revenue from the blockbuster breast cancer drug Ibrance and prostate cancer treatment Xtandi, which Pfizer shares with Astellas Pharma, has declined over the past year. They are among the most expensive prescription drugs in the U.S. Before the Seagen deal, 94% of Pfizer's cancer products were small-molecule drugs.
Persons: Wall, Seagen, Chris Boshoff, Boshoff, David Ryder, Trung Huynh, Joe Biden's, Chris Schott, Suneet Varma, RemeGe, Merck, Padcev, Guggenheim, Pfizer's, Pfizer hasn't, Dr, Mikael Dolsten, Irfan Khan Organizations: Nurphoto, Getty, Pfizer, Astellas Pharma, Guggenheim, Bloomberg, UBS, Medicare, Drug Administration, FDA, ADC, JPMorgan, Drugs, CNBC, CVS Pharmacy, Los Angeles Times Locations: Covid, Bothell , Washington, U.S, biologics, China, Eagle Rock , California
CNN —Iran’s “repression of peaceful protests” and “institutional discrimination against women and girls” has led to human rights violations, some of which amount to “crimes against humanity,” according to a United Nations’ report. It cited a report by the Independent International Fact-Finding Mission on the Islamic Republic of Iran, a task force set up by the UN Human Rights Council to look at claims of deteriorating human rights conditions in Iran. She became the face of women calling for greater rights and freedoms curtailed since the 1979 Islamic Revolution. Protests erupted across Iran again in September last year on the first anniversary of her death. AFP/Getty ImagesA CNN report in November 2022 also found that Iran’s security forces used rape to quell protests in the country.
Persons: , Jina Mahsa Amini, Mahsa, ” “, Mahsa Amini, Sara Hossain, Iran’s Organizations: CNN, United Nations, United Nations Office, Human Rights, Independent, UN Human Rights, UN, , Getty, Locations: Islamic Republic of Iran, Iran, Tehran, AFP
As he emerges victorious from the Republican primary race, Trump faces considerable challenges both inside and outside the political arena. Wednesday’s inauspicious start to Trump’s outreach efforts is reflective of the longstanding concerns about his temperament and style that inspired many Republicans to support Haley, Florida Gov. In cruising to his party’s nomination, Trump left little doubt that he remains the dominant figure in the GOP. From Iowa and New Hampshire through Super Tuesday, Haley especially exposed persistent divisions in the party and headwinds for Trump recapturing moderate support. Meanwhile, nearly three in 10 of all primary voters said Trump wouldn’t be fit for the presidency if he is convicted of a crime.
Persons: Donald Trump, Nikki Haley’s, , Democrats ”, Haley, Trump, Joe Biden, Ron DeSantis, ” Haley, Mike Pence, Tim Scott, Chris Christie, Biden, Lara Trump, , aren’t, Doug Moran, , he’s, ” Moran, Jack Wolber, ” “ Donald Trump, Mitch McConnell, Sen, Lindsey Graham, Republicans can’t, Pope, Trumper, ” Pope, Roy Bailey, Elon Musk, you’ve, CNN’s Kaitlan Collins, Ebony Davis, Morgan Rimmer, Kevin Liptak Organizations: CNN, Republican Party, GOP, Democrats, Vermont, South, Republican, White, Republicans, Florida Gov, , United Nations, Trump, RNC, don’t, Biden ”, Super, Democratic, Teamsters, MAGA, Inc, Black, Jewish American, North, North Carolina Republican, Variety, Mar, Elon, US, Biden, Democratic National Committee, Republican National Committee Locations: South Carolina, Florida, Michigan, Georgia, Arizona, Pennsylvania, Trump, Iowa, New Hampshire, Super, North Carolina, Virginia, Nashua , New Hampshire, Trump ., Michigan , Wisconsin, Detroit, Georgia , Pennsylvania, Gaza, , Texas
The European Central Bank on Thursday lowered its annual inflation forecast, as its confirmed a widely expected hold of interest rates. ECB President Christine Lagarde, meanwhile, suggested market pricing for a June rate cut was coming into line with policymakers' outlook. Looking ahead, staff see inflation hitting the ECB's 2% target in 2025 and cooling further to 1.9% in 2026. They meanwhile updated their forecast for economic growth for 2024 to 0.6% from 0.8%, as the euro zone's economic activity escapes its current stagnation. The ECB will be "laser-focused" on two areas of inflation that could surprise, namely wage growth and profit margins, Lagarde said.
Persons: Christine Lagarde, Lagarde Organizations: European Central Bank, ECB
Once my fiancé and I got engaged, we met with a divorce attorney for legal advice about marriage. But the more I brought it up (at least twice a day for a week), the more he agreed that meeting with a divorce lawyer was a good idea. "Most of the time, one partner will go hire a lawyer, have the lawyer draft a standard prenup, that prenup is handed to the other partner who is told to get a lawyer and review it." It sounds dramatic, but meeting with a divorce lawyer before our wedding was actually eye-openingMeeting with the lawyer was actually very beneficial. Jen Glantz for InsiderMeeting with a divorce lawyer before getting married helped us understand how our relationship, money, and lives would change after we signed on the dotted line of our marriage license.
Persons: they're, , I'd, we'd, Jennifer Hargrave, iStock, it's, Hargrave, Shutterstock Hargrave, prenup, she's, Jen Glantz, Read Organizations: Service, American Psychological Association, Hargrave Family Law Locations: New Africa
What to expect in Friday’s jobs report
  + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +9 min
New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.
Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, , ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, , Labor Department Locations: New York, US
That is as long as the design passes a review by the Union Cycliste Internationale (UCI), cycling’s global governing body. Team Visma-Lease a Bike riders debuted the large helmet at the Tirreno-Adriatico prologue in Italy on Monday. However, on Tuesday, the UCI referenced the new design while announcing a review into its rules around helmets in competitions. As part of its helmet regulations, the UCI insists that all helmets used by professional riders are also available to the public. CNN has contacted Specialized, Visma-Lease a Bike, Giro and Rudy Project for comment on the UCI’s review into helmet designs.
Persons: Giro, ” Paul Martens, Jonas Vingegaard, Juan Ayuso, Reg u, ul, ava, lable to Organizations: CNN, Star Wars, Union Cycliste Internationale, Giro, de France, UAE Team Emirates, day, th, UCI Locations: Italy
Koll was referring to the asset and equity bubble Japan saw in the late 80s, which resulted in the Nikkei hitting its 1989 highs. In July last year, Koll told CNBC's "Street Signs Asia" he expected the Nikkei to hit 40,000 "over the next 12 months." watch nowWhen asked what drives his optimism, Koll told CNBC on Monday that it was in part due to Japan's ability to be a "capital value-creating superpower." There is no question that Japanese 'salarymen CEOs' created more fundamental economic value than Wall Street's superstar CEOs. He said Japanese CEOs are the "undisputed global champions of delivering on the hard part, true economic value creation."
Persons: Jesper Koll, Koll, CNBC's, Fumio Kishida, Wall, Warren Buffett, Berkshire Hathaway Organizations: Nikkei, Monex Group, CNBC, Bank, Monex, Wall, Berkshire, Mitsubishi, Mitsui, Sumitomo Locations: Tokyo, Japan, Itochu
“Responsibility for enforcing Section 3 against federal officeholders and candidates rests with Congress and not the States,” they wrote in a 20-page decision. “The judgment of the Colorado Supreme Court therefore cannot stand. The high court’s ruling resolves just one of two that could have sweeping implications for the 2024 election. “The Court has settled a politically charged issue in the volatile season of a Presidential election. Particularly in this circumstance, writings on the Court should turn the national temperature down, not up.
Persons: Donald Trump, , Trump’s, Trump, affirmatively, , , ’ ”, State Jena Griswold, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Amy Coney Barrett Organizations: Colorado Supreme, Capitol, Trump, Republican, Donald Trump View, National Government, United, Colorado, State Locations: Colorado, United States
Twentieth Century Fox/Courtesy Everett CollectionWhat better way to start off than with one of the greatest sequels – and sci-fi films in general – ever made, with a screenplay that’s been taught in film schools. ‘Star Trek II: The Wrath of Khan’ (1982)DeForest Kelley, William Shatner and Leonard Nimoy in 1982's "Star Trek II: The Wrath of Khan." ‘Dawn of the Planet of the Apes’ (2014)Andy Serkis in 2014's "Dawn of the Planet of the Apes." ‘Star Wars: Episode V - The Empire Strikes Back’ (1980)"Star Wars: The Empire Strikes Back" (1980). “Dune: Part Two” is produced by Warner Bros. Pictures, which, like CNN, is owned by Warner Bros.
Persons: Denis Villeneuve’s, there’s, Sigourney Weaver, , James Cameron’s Oscar, Ridley Scott’s, Ellen Ripley’s, Carrie Henn, Khan ’, DeForest Kelley, William Shatner, Leonard Nimoy, Khan, Everett, , Ricardo Montalban, “ Khan ”, Arnold Schwarzenegger, James Cameron, he’s, Arnold Schwarzenegger’s, Linda Hamilton, Sarah Connor –, Andy Serkis, Caesar, “ Dawn ”, Max, Thunderdome, Mel Gibson, Warner, Mad Max, George Miller’s, Tina Turner’s, Tom Hardy, Charlize Theron, Miller, Theron’s Furiosa, Anya Taylor, Joy, Ernie Hudson, Dan Aykroyd, Bill Murray, Harold Ramis, Annie Potts, Rick Moranis, Peter MacNicol, Howard Huntsberry, George Lucas Organizations: CNN, Rotten, Century Fox, Paramount, , TriStar, Columbia, , Lucasfilm Ltd, Wars, Warner Bros . Pictures, Warner Bros . Locations: Ripley, , “ Kingdom
Researchers inside the semiconductor fabrication lab at the Centre for Nano Science and Engineering, at the Indian Institute of Science, in Bangalore on June 30, 2018. India has approved building three semiconductor plants with investments of more than $15 billion as the country aims to become a major chip hub. With these units, our country will develop capabilities in chip fabrication. Advanced packaging technologies will be indigenously developed in India," according to a government statement on Thursday. The factory will focus on the mature 28-nanometer technology, namely in industries such as automobiles, consumer electronics and defense.
Persons: Taiwan's Organizations: Nano Science, Engineering, Indian Institute of Science, U.S ., Tata Electronics, Semiconductor Manufacturing Corp, Tata Semiconductor Assembly Locations: Bangalore, India, U.S, Taiwan, South Korea, Dholera, Gujarat, Morigaon, Assam
As of Feb. 29 with 313 companies having reported, 50.2% posted a beat, according to a CNBC analysis of FactSet data. This was the smallest percentage of beats — thus the worst earnings season — since the first quarter of 2020 when the pandemic first hit European firms. Share buyback bonanzaSharon Bell, a senior European strategist at Goldman Sachs, told CNBC that she had noticed a new trend for European corporates during this earnings season. "What you have seen is a lot of companies announcing buybacks," she told CNBC's "Squawk Box Europe" Tuesday. "It is absolutely huge, you've never really seen this before in 20, 30 years, European companies pay dividends, they don't do buybacks," she said.
Persons: , Edward Stanford, Philippe Ferreira, Kepler Cheuvreux, Sharon Bell, Goldman Sachs, CNBC's, you've, Bell, Ferreira Organizations: CNBC, HSBC, L'Oreal, European Central Bank, Shell, Deutsche Bank, Novo Nordisk, UBS Locations: Triomphe, France, Europe, China, Ukraine, European
Richard Newstead | Moment | Getty ImagesThe U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region's strained property market. U.S., Israeli, Japanese and Taiwanese investors are set to lead that charge, spearheading a 20% rebound in real estate investment activity in 2024 as they pump cash into Britain, Germany, Spain and the Netherlands, according to the research. European real estate revivalBritain ranked as the top European destination for cross-border investment in CBRE's 2024 European Investor Intentions Survey, with investors pointing to its discounted rates and high return potential. Busà Photography | Moment | Getty ImagesIt follows a tough year for real estate in 2023, as higher interest rates pushed up borrowing costs and weighed on investor sentiment. Global cross-border real estate investment totalled 196.3 billion euros ($212.9 billion) over the year, down 40% on the five-year average, according to Real Capital Analytics data cited by Savills.
Persons: Richard Newstead, Rasheed Hassan, Savills, Chris Brett, Knight Frank Organizations: CNBC, European Central Bank, Bank of England Locations: Kings Cross, London, European, Britain, Germany, Spain, Netherlands, Poland, Paris, Madrid, Amsterdam, Berlin, Europe, East, Africa, Americas, Asia Pacific, France
Ayana Dunlap has been working in tech since 2020. Even though she doesn't have the job she wanted as a kid, Dunlap found a different vocation she loves: technology. Dunlap didn't consider turning her knack for computers into her career until she was laid off from her sales job in June 2020. While working there, Dunlap was tasked with helping organizations prepare to return to the office, by setting up their desktops, routers and printers on-site. Some of the skills that helped Dunlap transition into tech without a bachelor's degree included oft skills she learned while working in hotels, namely, communication and customer service.
Persons: Ayana Dunlap, Dunlap, lockdowns, doesn't, she's, Weeks, Dyanne Organizations: Bank Policy Institute, CNBC, Montgomery County Community College, Washington , D.C, Widewaters Hotel, Magna Hospitality Group, Google Locations: Washington, AskMakeIt@cnbc.com, Cheltenham , Pennsylvania, Montgomery, Blue Bell , Pennsylvania, Washington ,, D.C, Scholas, New York, Gaithersburg , Maryland, Dunlap
CNN —Rebecca Ferguson may use “the Voice” while playing her powerful “Dune” character, but she also knows how powerful her own voice can be in real life. While Ferguson ruled out two former costars in the podcast interview – namely, Hugh Jackman and Tom Cruise – speculation has run rampant as to whom she might have been talking about. One of her previous scene partners surfaced on social media to praise the actress for her bravery – Dwayne Johnson, who wrote on X, “Hate seeing this but love seeing her stand up to bulls–t. “I remember being so scared and I looked at this person and I said, ‘You can F off. “I’m not scared of the consequences of saying what I think,” Ferguson said.
Persons: Rebecca Ferguson, Josh Smith, , , , Ferguson, Hugh Jackman, Tom Cruise, – Dwayne Johnson, Rebecca, ” Johnson, Emily Blunt, couldn’t, Ferguson –, ’ ”, “ I’m, ” Ferguson Organizations: CNN
Washington CNN —President Joe Biden is fit for duty, his doctor reported Wednesday following the president’s annual physical, in what is expected to be the last update on Biden’s health before November’s election. Dr. Kevin O’Connor said in a memo there are “no new concerns” with the president’s health revealed by this year’s physical. The White House said earlier Wednesday that no cognitive test was administered as O’Connor did not find it necessary. The procedure was “successfully completed” at the White House by a team from Walter Reed, O’Connor said. Reports from the White House physician over the last several decades have consistently described the office-holder as fit to serve.
Persons: Joe Biden, Kevin O’Connor, ” O’Connor, Biden, , SSRS, Karine Jean, Pierre, “ doesn’t, Donald Trump, Jonathan Reiner, ” Reiner, that’s, O’Connor, , Biden’s, ” Biden, Lou Gehrig’s, Robert Hur, I’ve, , seething Biden, “ I’ve, NBC’s, Seth Meyers, ” Wednesday’s Walter Reed, Walter Reed, CNN’s Kevin Liptak, Mira Cheng Organizations: Washington CNN, O’Connor, , State, CNN, Quinnipiac University, White, US Preventive Services, Force, Medical Unit, American Medical Association, National Institutes of Health, White House Locations: Beverly Hills , California, United States
With markets on edge over the direction of inflation, a report Thursday that often flies under the economic radar is likely to take on more importance. The Commerce Department's measure of personal consumption expenditures prices could add to evidence that inflation is stickier than some economists and policymakers had thought. Two-year inflation breakevens, or the difference between Treasury yields and Treasury Inflation-Protected Securities, have surged in recent days. "But I think the labor market is a lot more fragile than people think. A report Wednesday confirmed that economic growth was solid to close out 2023, with fourth-quarter GDP accelerating at a 3.2% annualized pace adjusted for seasonal factors and inflation.
Persons: Mark Zandi, Zandi, shouldn't, we're, it's, , Susan Collins, Collins, Dow Jones, Dow, Michelle Cluver, Cluver, I've Organizations: Moody's, Boston, Securities, Treasury, Fed, Labor, CPI, Dow Jones, optimist Locations: U.S
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