Consumer price inflation shrank in January
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 February 2024
⏱️ 1 minutes
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Summary
Consumer prices rose at an annual rate of 3.1%; Treasury Department proposes money laundering rule for investment advisers; Coca-Cola improves sales in foreign markets; activist investor Icahn targets JetBlue Airways.
Transcript
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| 0:00.0 | The latest survey of consumer prices shows that inflation continues to shrink. |
| 0:06.0 | I'm Novasafo with the Marketplace Minute. |
| 0:08.0 | The Commerce Department says prices last month were 3.1% higher than a year earlier. |
| 0:13.0 | That was a bit more than economists expected, |
| 0:15.5 | but less than in December. |
| 0:16.8 | Federal reserve officials say they want to see inflation come down more |
| 0:20.4 | before cutting interest rates. |
| 0:22.3 | The Treasury Department wants investment |
| 0:23.8 | advisors to help fight money laundering. It's proposing a rule that would |
| 0:26.8 | compel advisors to inform the government of suspicious activity. Last week the |
| 0:31.1 | agency proposed a similar rule for real estate professionals. |
| 0:35.0 | Coca-Cola reported better than expected revenue, up 7% in the final three months of last year. |
| 0:40.0 | The improvement came from foreign markets and offset lower demand in the US. |
| 0:45.7 | Activist investor Carl icon has purchased enough shares of JetBlue Airways to give him a |
| 0:50.4 | near 10% ownership stake in the 1980s icon took over |
| 0:54.6 | TWA slashing costs and selling routes that airline eventually went bankrupt. |
| 0:59.4 | I'm Novasafo with a marketplace minute. |
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