Bloomberg Money Minute: Softer US Inflation Lifts Markets

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15 segments

0:00

This is Bloomberg money minute. Stocks have been fluctuating.

0:03

One thing on the upside getting some attention though a report showing softer

0:06

than anticipated inflation. And that's been helping give stocks a

0:10

boost as Wall Street kind of further dials back wages.

0:13

Unfed interest rate increases this year. President Trump criticizing New York

0:18

Governor Kathy Hochul for announcing a temporary ban on data centers, calling

0:22

it a terrible decision. Hochul announced the ban to address

0:25

frustration among communities, partly over energy costs, and hinge introducing

0:30

a new feature called Friends Take that lets you recruit people you know to

0:34

leave testimonials on your dating profile.

0:36

The app allows you to enlist close contacts to share written feedback,

0:40

photos, voice notes, or videos about you.

0:42

They must be less than 150 characters and be approved before others can view

0:46

them as hinge ups. Competition with rivals Denise

0:50

Pellegrini, Bloomberg Radio.

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The Bloomberg Money Minute reports that fluctuating stocks received a boost from a softer-than-anticipated inflation report, leading Wall Street to reduce expectations for interest rate increases. In political news, former President Trump criticized New York Governor Kathy Hochul's temporary ban on data centers, calling it a 'terrible decision'. In tech news, the dating app Hinge introduced 'Friends Take,' a feature allowing users to enlist contacts to leave testimonials on their profiles, which can include written feedback, photos, voice notes, or videos, all under 150 characters and requiring approval.