The Rundown CPI Steady at 2.7%, Nvidia and Eli Lilly Announce $1B Partnership
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Jan 13, 2026 The market sees gains with Google surpassing $4 trillion after integrating Gemini for Siri. Inflation remains steady at 2.7%, raising questions about Fed rate cuts. A significant $1 billion partnership between Nvidia and Eli Lilly aims to revolutionize drug discovery through AI. Meanwhile, JPMorgan reports a strong Q4, driven by a trading surge. Delta Airlines struggles with a revenue miss, highlighting shifts in traveler preferences. Plus, credit card rates soar, prompting debates on potential caps.
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Inflation Steady, Fed Cuts Unlikely Soon
- Inflation in December held steady at 2.7% with core CPI at 2.6%, matching expectations.
- That keeps inflation above the Fed's 2% target but relatively in check, reducing near-term rate-cut odds.
Google Hits $4T As Siri Moves To Gemini
- Google crossed a $4 trillion market cap after Apple tapped Google's Gemini to power Siri.
- Zaid Admani admitted surprise that markets rallied despite DOJ scrutiny of the Fed.
Fed Still Focused Despite Political Noise
- The Fed remains focused on lowering inflation and supporting employment amid political scrutiny of Jerome Powell.
- Markets price only a 5% chance of a rate cut at the next meeting, keeping policy tight for now.