Elon's New Device Could Launch Biggest IPO of the Decade

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

US producer prices rose 0.2% last month on higher energy costs

PAUL WISEMAN
January 14, 2025

WASHINGTON (AP) -- U.S. wholesale inflation rose last month on higher energy prices.

The Labor Department reported Tuesday that its producer price index -- which tracks inflation before it hits consumers -- rose 0.2% last month from November, down from a 0.4% gain the month before. Compared to a year earlier, producer prices were up 3.3%, biggest jump since February 2023 and up from a 3% gain in November.

A 3.5% November-to-December increase in energy prices -- led by a 9.7% increase in gasoline prices -- pushed the overall index higher. Food prices dipped 0.1% in December.

Still, the overall increases were slightly less than economists had forecast. U.S. markets leapt higher immediately on the new inflation data.

Excluding food and energy prices, so-called core wholesale inflation was unchanged from November but up 3.5% from a year earlier.

The producer price report came out a day before the Labor Department reports on consumer prices. Its consumer price index is expected to rise 0.3% from November and 2.8% from December 2023, according to a survey of forecasters by the data firm FactSet.

Wholesale prices can offer an early look at where consumer inflation might be headed. Economists also watch it because some of its components, notably health care and financial services, flow into the Federal Reserve's preferred inflation gauge -- the personal consumption expenditures, or PCE, index.

Inflation flared up in early 2021 as the economy rebounded with unexpected strength from COVID-19 lockdowns, overwhelming factories, ports and freight yards and leading to shortages, delays and higher prices.

In response, the Fed raised its benchmark interest rate -- the fed funds rate -- 11 times in 2022 and 2023.

Inflation came down from the four-decade highs it reached in mid-2022, giving the Fed enough confidence to reverse course and cut rates three times in 2024. But the progress on inflation has stalled in recent months, and year-over-year increases in consumer prices remain above the central bank's 2% target.

So Fed officials signaled in December that they planned to be more cautious about cutting rates this year. They now project just two rate reductions in 2025, down from the four they forecast back in September. They are widely expected to leave rates unchanged at their next meeting Jan. 28-29.

____

This story has been corrected to show that producer prices rose 3%, not 3.4%, in November from a year earlier.

Continue Reading...

Popular

401(k) Hardship Withdrawals Rise To 4.8% As Expert Warns 'It Should Be A Last Resort'

Hardship withdrawals from 401(k) plans surged to 4.8% of participants in 2024, up from 3.6% in 2023, according to Vanguard Group Inc. data. The increase reflects growing financial pressure on American workers seeking immediate cash access.

China protests Taiwan foreign minister's visit to the Philippines

MANILA, Philippines (AP) — Taiwan’s foreign minister has flown to the Philippines as head of a high-level delegation of investors, two senior Philippine officials said Saturday, prompting a protest from China and a warning to Manila “not to play with fire.”

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

California crew arrested for hundreds of Home Depot thefts worth $10M, police say

VENTURA COUNTY, Calif. (AP) — Southern California authorities say they uncovered a criminal ring that stole $10 million in merchandise from Home Depot over several years, including 600 thefts this year alone, which the company calls the largest organized retail theft in its history.

Employers have used E-Verify for years. ICE's arrest of a Maine police officer raises new questions

OLD ORCHARD BEACH, Maine (AP) — The case of a Maine police officer by authorities even though he was vetted by a government system called “E-Verify” has raised questions about what employers can do to make sure they’re employing people who can legally work.

How 433 Investors Unlocked 400X Return Potential - Ad

VCs back startups for outsized gains. Regular investors wait. But rule changes fixed that. Take Revolut. In 2016, 433 people averaged a $2,370 stake. Today? It's worth $1M+, up 89,900%. No wonder 10K+ people and the VCs behind Uber and eBay took the chance on Pacaso's $1.3T market disruption.

Mark Cuban Was Once Asked What Made Him Get Out Of Bed Each Day: The Billionaire's Answer Might Surprise You

Billionaire Mark Cuban told Trevor Noah in a 2022 Daily Show interview that competition, not money, drives his success—a philosophy reflected in his no-vacation grind building his empire, his $3.5 billion sale of the Dallas Mavericks, and his relentless approach to business.

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

nCino Q2 FY2025 Earnings Call Transcript

Here's the transcript of the nCino Q2 earnings call.

AT&T's $17 Million Data Breach Settlement Offers Payouts Up To $7,500, Here's How To Claim

AT&T customers, both present and past, stand to receive up to $7,500 as part of a proposed $177 million settlement. This settlement is in response to two significant data breaches that affected millions of AT&T customers.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Trump's new CDC chief: A Washington health insider with a libertarian streak

WASHINGTON (AP) — President Donald Trump has picked Jim O’Neill, a former investor and critic of health regulations serving under Health Secretary Robert F. Kennedy Jr., to take control of the Centers for Disease Control and Prevention, following a tumultuous week in which the agency's director was forced out.

Trump Says Discrimination Against American Tech Giants 'Must End' Now: Warns China And EU, 'Show Respect…Or Consider The Consequences'

The Trump administration is considering unprecedented visa sanctions on EU officials over the Digital Services Act, escalating U.S.-EU tensions with accusations that the law unfairly targets American tech companies and restricts free speech.

Will Your Savings Survive the August 31st Debt Ceiling Crisis? - Ad

On Aug 31, the U.S. runs out of "extraordinary measures" to avoid default. Insiders are moving into crisis-proof assets-while everyday Americans risk losing big. The FREE Mar-A-Lago Accord reveals where they're hiding wealth, how the Fed's response could crush the dollar, and 3 urgent moves to make now.

What happens to Trump’s tariffs now that a federal appeals court has knocked them down?

WASHINGTON (AP) — President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products.

What to know about Cracker Barrel's logo misfire and what could happen next

Like its namesake barrels that transported soda crackers until boxes replaced them, needed to change.

October 16 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

Peter Thiel Once Said Elon Musk And Mark Zuckerberg Are Convincing, But Jensen Huang's Nvidia Is The Real AI Race Winner Because Of This One Reason

Peter Thiel said he won't pick between Elon Musk, Sam Altman or Mark Zuckerberg in the AI race but argued Nvidia is the clear winner, dominating AI hardware after decades of neglect in semiconductor startups.

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move' — Thanks Trump, Lutnick For Leadership

Cryptocurrency supporters hailed on Thursday the U.S. government's move to post GDP numbers on several blockchain platforms. Senior Lawmaker Calls Move Historic Sen. Cynthia Lummis (R-Wyo.) deemed the Commerce Department's move as "historic" that will ensure America's leadership in "digital innovation and transparency."

How To Earn $500 A Month From HP Stock Ahead Of Q3 Earnings

HP offers an annual dividend yield of 4.29%, or $1.16 a year. So, how can investors capitalize and pocket a regular $500 monthly?

Gold Is Soaring. Here's How To Get Paid From It - Ad

Gold just broke through $3,300. And while the headlines shout about price targets, something even more powerful is happening behind the scenes. Some investors are using a little-known ETF to collect up to $1,152/month from gold's surge. Just a simple fund delivering monthly payouts.

Bitcoin Recovers Amid Trump's Potential Fed Majority; Ethereum, Dogecoin, XRP Also Gain; Analyst Expects ETH To Consolidate In This Range

Leading cryptocurrencies rebounded Tuesday amid increased expectations of a rate cut following Federal Reserve Governor Lisa Cook’s removal and President Donald Trump getting a potential majority on the central bank’s board.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Google's Gmail Faces Scrutiny As FTC Alleges Republican Emails Are Sent To Spam More Often Than Democrats' Messages

The FTC warned Google that allegations Gmail's spam filters disproportionately block Republican emails could lead to an investigation, though Google denies political bias.

Epstein accuser Virginia Giuffre wrote a memoir. Months after her death, it's coming out

NEW YORK (AP) — A posthumous and “unsparing” memoir by one of most prominent accusers, will be published this fall, publishing house Alfred A. Knopf said Sunday.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

NTSB says B-52 bomber nearly hit two different planes in North Dakota last month

Shortly after an airliner made an to avoid colliding with a B-52 last month over North Dakota, the bomber nearly collided with a small private plane as it flew past the Minot airport, according to the National Transportation Safety Board.

Asian shares are mixed after stocks add a bit to their records on Wall Street

MANILA, Philippines (AP) — Asian shares were mixed on Friday as investors awaited a key U.S. inflation report and after helped propel the market to another all-time high.

How 433 Investors Unlocked 400X Return Potential - Ad

VCs back startups for outsized gains. Regular investors wait. But rule changes fixed that. Take Revolut. In 2016, 433 people averaged a $2,370 stake. Today? It's worth $1M+, up 89,900%. No wonder 10K+ people and the VCs behind Uber and eBay took the chance on Pacaso's $1.3T market disruption.

China Doesn't Need Nvidia? Futurum CEO Calls That 'Next-Level Nonsense' — Dan Ives Reacts With A Fiery Response

Futurum CEO Daniel Newman and analyst Dan Ives dismissed claims that China no longer needs Nvidia, pointing to the company's new B30A chip, Trump's export deal, and setbacks with Chinese rivals that underscore Nvidia's continued dominance in the market.

Palantir CEO Alex Karp Dumps $63 Million In Stock As PLTR Surges 111% This Year

Palantir CEO Alex Karp sold $62.7 million in stock amid rising valuation concerns and insider selling pressure, even as the stock remains up 397% year-over-year.

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service