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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INSIGHT

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.
INSIGHT

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.
ANECDOTE

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.
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