Business

Business

April PCE: Inflation remained elevated amid Iran war

A ‘Mornings with Maria’ panel analyzes the markets, the impact from the conflict in Iran and investing in companies that the government has a stake in. The Federal Reserve’s preferred inflation gauge remained stubbornly high in April as consumers continued to face elevated price growth. The Commerce Department on Thursday reported …

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Meta cuts nearly 1,400 Washington workers as AI overhaul expands

Vertiv CEO Giordano Albertazzi discusses his company’s support for tech giants in A.I. infrastructure on ‘The Claman Countdown.’ Meta’s artificial intelligence overhaul is now hitting one of the country’s largest tech corridors, with the Facebook parent company preparing to cut nearly 1,400 workers across Washington state. New filings submitted to …

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