NEWSTACHE on Nostr: 1. Inflation Surge and Fed Rate Cuts: The Consumer Price Index (CPI) reported ...

1. Inflation Surge and Fed Rate Cuts: The Consumer Price Index (CPI) reported higher-than-expected inflation, leading to a decline in stock markets and a trimming of bets on interest rate cuts by the Federal Reserve. Jerome Powell, the Fed Chair, stated that inflation is "close but not there" yet to trigger a rate cut. (Link: https://finance.yahoo.com/news/fed-rate-cuts-bets-trimmed-as-powell-says-close-but-not-there-on-inflation-144936170.html)

2. New Tariffs by Trump Administration: President Trump announced new tariffs targeting countries that have high tariffs, including India. This move is aimed at making it easier for US companies to do business in these countries and to reduce the trade deficit. (Link: https://timesofindia.indiatimes.com/india/india-is-very-hard-place-to-do-business-because-of-high-tariffs-trump-over-musk-and-pm-modis-meeting/articleshow/118226127.cms)

3. Coinbase Earnings: Coinbase, a cryptocurrency exchange, reported a revenue of $2.3 billion in Q4 2024, surpassing analyst expectations. This is a significant increase from the previous quarter and highlights the growth of the cryptocurrency market. (Link: https://cointelegraph.com/news/coinbase-earnings-q4-revenue-surge-beat-analyst-expectations)

4. CVS Stock Rally: CVS Health Corporation's stock rallied after the company offered some investor assurance for 2025. CVS reported better-than-expected earnings and revenue for the fourth quarter of 2024. (Link: https://www.wsj.com/livecoverage/cpi-report-today-inflation-stock-market-02-12-2025/card/cvs-offers-some-assurance-to-investors-for-2025-ECFcr9gsgCeqo03jHPzB)

5. Lyft Stock Slump: Ride-hailing company Lyft's stock tumbled after the company reported weak bookings and a weaker-than-expected financial outlook. This is a stark contrast to the company's strong performance in 2024. (Link: https://www.barrons.com/articles/lyft-earnings-stock-price-bc095bd2)