Fed’s preferred inflation gauge rose 2.2% last month

Fed’s preferred inflation gauge rose 2.2% last month

Inflation showed further signs of cooling on Friday as Wall Street starts to price in further interest rate cuts by the Federal Reserve. The personal consumption expenditures price index (PCE), the Fed’s preferred measure of inflation, showed that the rate at which prices rose for goods and services last month was 2.2% — below economists’ … Read more

Meta hit with $102 million privacy fine from European Union over 2019 password security lapse

Meta hit with 2 million privacy fine from European Union over 2019 password security lapse

LONDON — Meta was punished Friday with a fine worth more than $100 million from the social media giant’s European Union privacy regulator over a security lapse involving passwords for Facebook users. The Irish Data Protection Commission said it slapped the U.S. tech company with the 91 million euro ($101.6 million) penalty following an investigation. … Read more

BMA takes ‘neutral position’ on gender review

BMA takes ‘neutral position’ on gender review

Getty Images The doctors’ union, the BMA, says it will take “a neutral position” on the recommendations of a landmark review into care for children and young people with gender identity issues. The British Medical Association (BMA) had previously called for a pause in implementing its recommendations – including a move away from drugs to … Read more

Why investors think Cava can become the next Chipotle

Why investors think Cava can become the next Chipotle

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Cava, the fast-casual Mediterranean chain known for its bowls and pitas, has had a massively successful year following its IPO in June 2023. It’s revenue, same-store sales and transaction growth have all seen major increases in its second quarter in 2024. Some … Read more