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Core inflation was already above the Federal Reserve’s target even before the recent spike in energy prices, according to a key measure released Thursday. It provides the central bank with a snapshot of the situation leading to war with Iran.The Commerce Department reported that the core consumer spending price index, which excludes food and energy, rose a seasonally adjusted 3% in February. The overall inflation rate for all items increased by 2.8%.Both measurements were in line with the Dow Jones consensus. The core annual inflation rate was 0.1 percentage points lower than in January, but the headlines remained unchanged.On a…

Google and Intel on Thursday announced an expansion of a multi-year partnership that will see Google Cloud continue to leverage Intel AI infrastructure and continue joint development of processors. Google Cloud uses Intel’s Xeon processors, including Intel’s latest Xeon 6 chips, for AI, cloud, and inference tasks. The company has used a variety of Intel’s Xeon processors for decades. The companies will also expand their joint development of custom infrastructure processing units (IPUs) that help data centers accelerate and manage tasks by offloading them from the CPU. Launched in 2021, this chip development partnership will focus on custom ASIC-based IPUs.…

Mark Zuckerberg, CEO of Meta Platforms Inc., wears Meta Oakley Vanguard AI glasses during the MetaConnect event on Wednesday, September 17, 2025 in Menlo Park, California, USA.David Paul Morris | Bloomberg | Getty ImagesAbout 10 months later Meta After spending billions of dollars to bring Scale AI’s Alexandr Wang on board as the central figure in Mark Zuckerberg’s AI overhaul, the company finally announced its first new model on Wednesday. One of the big questions is: Will users pay?OpenAI, Anthropic, google Meta, which has been at the forefront of the artificial intelligence boom with its powerful models, popular chatbots and…

The Lublin district prosecutor’s office announced Thursday that Polish authorities have arrested a man in connection with an alleged rape of an “unknown victim” that was recorded and shared online. The arrests followed an undercover investigation by CNN into an online network of men teaching each other how to drug and rape their partners. Polish media identified the arrested man as “Piotr,” the pseudonym given to the Polish man at the center of CNN’s investigation. Marek Gyici, a spokesperson for the public prosecutor’s office, did not name the suspect, but confirmed to CNN that a person had been detained on…

Sean “Diddy” Combs’ ex-girlfriend says she fainted after reading Kathy Ventura’s lawsuitJane said this on the way. her testimony Part of Ventura’s November 2023 lawsuit-Finally settled-reflected her own experience with comb. “I almost passed out. In fact, I think I passed out,” she tearfully told jurors. “There were three specific pages that made harrowing references to what I was going through.” Jane, who attended “Night at the Hotel,” said she felt like she was reading “her own story.” That led her to confront Combs via text message. “I feel like I’m reading my own sexual trauma,” she wrote in a…

LA28 sold more tickets to domestic spectators than any previous Olympic Games, as it launched worldwide.Published April 9, 2026April 9, 2026Ticket sales for the 2028 Los Angeles Olympics have begun worldwide after a record first week of local pre-sales, organizers said, highlighting early strong demand for the Games, which must rely heavily on private revenue.According to LA28, more tickets were sold in the first week than any previous opening week for any Olympic Games, and all early tickets went to residents of the Los Angeles and Oklahoma City areas, despite complaints about prices, fees and availability.Recommended stories list of 4…

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.good morning. There are only a few minutes left until the release of the personal consumption expenditure price index for February. Watch live on CNBC for numbers and analysis.Stock futures are falling this morning. All three major averages recorded significant increases yesterday.Here are five important things investors need to know to start their trading day.1. murky waterU.S. President Donald Trump delivers a prime-time address to the nation at the Cross Hall of the White House on Wednesday, April 1, 2026 in Washington, DC, USA. Alex Brandon…

On Wednesday, the first day of a ceasefire between the United States and Iran, Israel carried out its biggest attack on Lebanon since the war began, killing at least 182 people, a move that threatens to derail an already fragile ceasefire. Iran said the ceasefire included Lebanon, a position echoed by Pakistan, which helped broker the deal. Israel and the United States said otherwise. Delegations from the United States and Iran are scheduled to begin negotiations in Islamabad this weekend, with whether Lebanon included in the ceasefire has emerged as a possible wild card. “The Lebanese front could ultimately undermine…

Stocks have rebounded in relief following the temporary cease-fire agreement between Iran and the United States, but it’s still a great time for investors to stock up, investors told CNBC’s “Halftime Report” on Wednesday. “(President Donald Trump) has clearly been looking for an exit over the past few weeks…I just don’t think he’s going to go back to the depths of the concerns that we had,” said Stephen Weiss, chief investment officer at Short Hills Capital Partners. “I think it’s going to be a very positive situation for markets to move up.” Major stock averages soared Wednesday after the United…

Amazon CEO Andy Jassy’s annual shareholder letter includes a diss song to Kendrick Lamar. What if rappers were the smooth-talking CEOs of corporations and not poetic Pulitzer Prize-winning musicians? That means you need to know the history to understand all the competition Jussie aspires to, along with a cute personal story about his unfulfilled dreams of becoming a sportscaster and watching hockey games with his father. Of course, Jassie doesn’t directly throw the gauntlet. He takes a more nuanced approach. For example, in his challenge to NVIDIA, he wrote, “We have a strong partnership with NVIDIA and will always have…