Business Report: Key inflation gauge eyed by Fed stays painfully high as prices keep rising

October 30, 2022: Jeff Bezos' net worth plummets by $7.5 billion as Amazon stock plunges

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OCTOBER 30, 2022 Key inflation gauge eyed by Fed stays painfully high as prices keep rising Excluding volatile food and energy costs, so-called core prices rose 5.1% last month from a year earlier. Jeff Bezos' net worth plummets by $7.5 billion as Amazon stock plunges Amazon shares dropped by as much as 21% in after-hours trading on Thursday after the company predicted sluggish sales for the holiday shopping season. October surprise! Dow rallies more than 800 — and 14% for the month — ahead of Fed meeting Amazon joined other Big Tech firms that have disappointed investors this week. CEOs fixing Biden's Saudi oil mess because he won't Wall Streeters get that MBS is no saint, but Sleepy Joe's weak hand makes the crown prince a necessary evil. Biden should take their advice… Advertisement Elon Musk expected to order imminent layoffs at Twitter: report Cuts of the 7,500-person Twitter workforce have been expected after the billionaire's takeover of the social media giant. US home price plunge is 'just beginning' as housing market rapidly cools: economist "The bad news is that prices have much further to fall," Pantheon's Ian Shepherdson said. Pranksters posing as laid-off Twitter employees trick media outlets: 'Rahul Ligma' A pair of pranksters posing as laid-off Twitter employees tricked multiple media outlets Friday as the public anxiously awaited news on whether Elon Musk had… Advertisement Get our other newsletters:

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