Scott Horsley
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Scott Horsley, NPR News, Washington.
Wholesale prices jumped by half a percent last month, a bigger increase than investors had expected.
Stubborn inflation means the Federal Reserve is likely to take its time before ordering any additional cuts in interest rates.
Shares the fintech company Block bucked the downward trend in the market and launched big gains after the company announced plans to lay off about 40 percent of its workforce.
CEO Jack Dorsey says the company, formerly known as Square, will use artificial intelligence to make up for the thousands of laid-off workers.
The AI boom is generating both excitement and anxiety.
OpenAI says it's attracted more than $100 billion worth of investment from Amazon and other tech giants.
Scott Horsley, NPR News, Washington.
Wholesale prices jumped by half a percent last month, a bigger increase than investors had expected.
Stubborn inflation means the Federal Reserve is likely to take its time before ordering any additional cuts in interest rates.
Shares the fintech company Block bucked the downward trend in the market and launched big gains after the company announced plans to lay off about 40 percent of its workforce.
CEO Jack Dorsey says the company, formerly known as Square, will use artificial intelligence to make up for the thousands of laid-off workers.
The AI boom is generating both excitement and anxiety.
OpenAI says it's attracted more than $100 billion worth of investment from Amazon and other tech giants.
Scott Horsley, NPR News, Washington.
Wholesale prices in January were up 2.9 percent from a year ago.
They jumped by half a percent between December and January, which is a bigger increase than forecasters were expecting.
Retailers and wholesalers who absorbed some price hikes in the past are now passing more of that cost along to customers.
The fintech company Block is cutting more than 40 percent of its workforce.