US monthly inflation slows; consumer spending surges

WASHINGTON (Reuters) -U.S. prices increased less than expected in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table. The United States continues to outperform its global peers despite higher borrowing costs, thanks to persistent labor market strength. "Core services inflation is slowing and will likely continue throughout the year," said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina.

Warren Buffett's Favorite Stock Market Indicator Is Flashing Red — Dangerously Close To Reaching The Number He Says Is 'Playing With Fire'

In the realm of stock market indicators, the Buffett Indicator stands out, especially when it flashes red. Named after Warren Buffett, the CEO of Berkshire Hathaway Inc. and a figure synonymous with investing acumen, the indicator compares the total market capitalization of all actively traded U.S. stocks to the latest estimate of quarterly gross domestic product (GDP). Buffett, in a 2001 Fortune magazine article shared by CNN Money, described it as “probably the best single measure of where val

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Kodak’s Pension Windfall Points to $137 Billion Opportunity

(Bloomberg) -- Inside Eastman Kodak Co., the once-iconic camera maker, a small pension investment team reaped such large gains in recent years that they windfalled themselves out of a job.Most Read from BloombergFed’s Preferred Inflation Metric Cools While Spending ReboundsTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineApple Plans New iPad Pro for May as Production Ramps Up OverseasBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseUBS Banker’s Frustration Exp

Billionaire Bill Ackman Has 70% of His $10 Billion Portfolio in Just 4 Stocks

These stocks have all performed well and have many similar characteristics that can provide lessons for other investors.