Bloomberg Tech CPI Print and Google's Antitrust Defeat
Dec 12, 2023
Google's antitrust defeat against Epic Games, impacts of the CPI print and the Inflation Reduction Act, True Anomaly raises $100 million in funding, potential delay in building domestic semiconductor industry, surprising alliance between Jamie Diamond and Elizabeth Warren, Jackal - an autonomous orbital vehicle, virtual reality in space exploration, fierce competition in VR and AR market
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CPI Impact
- Core CPI data reinforces bets that the Federal Reserve will keep rates elevated.
- Consumers are struggling to feel relief even with a slowing CPI and rising wages.
Inflation Reduction
- Groceries, sporting goods, and electronics see slower inflation than last year.
- Wages have outpaced inflation for seven months, and real wages for production workers have recovered.
Electric Vehicle Price Drop
- New car prices, including electric vehicles, have fallen in recent months.
- Increased competition and Inflation Reduction Act investments contribute to this decline.