Business

Stock Market Plummets After Release of Hotter-Than-Expected Inflation Data

The stock market saw a significant drop as the Dow Jones Industrial Average lost 516 points, the S&P 500 and Nasdaq Composite also slid. The cause was hotter-than-expected inflation data for January, leading to concerns about the Federal Reserve’s rate cuts. Tech giants like Microsoft and Amazon suffered losses, while JetBlue Airways and Hasbro experienced individual challenges. Bitcoin also declined to $48,543.35 after the CPI report, impacting related stocks like Coinbase and Microstrategy.

New York State Law Mandates Display of Total Prices for Credit Card Purchases

New York has implemented a new law requiring businesses to display total prices, including credit card surcharges, before checkout. Businesses can offer a cash discount with a two-tiered pricing option, but must explicitly show credit card prices. The law aims to increase transparency and limit credit card surcharges to the amount charged to businesses by credit card companies.

Guernsey County Health Department Restaurant Inspections Reveal Critical Violations

Guernsey County Health Department conducted restaurant inspections, revealing critical violations. Violations included improper storage of food, inadequate handwashing, and unsanitary conditions. Several establishments were cited for various violations, including dirty equipment, improper food storage, and failure to follow proper food handling procedures.

Investments in Africa’s Energy Network Set to Double by 2030, Says International Energy Agency

Investments in Africa’s energy network are projected to double to $200 billion annually by 2030, highlighting the continent’s growing focus on renewable energy solutions. Ngozi Okonjo-Iweala, Director General of the World Trade Organization, is actively involved in advocating for sustainable energy policies and investments in Africa. The push for renewable energy not only holds economic significance but also aligns with global efforts to combat climate change and reduce carbon emissions, positioning Africa as a focal point for sustainable energy initiatives.

Foremost Group CEO Angela Chao tragically passed away in car accident

Foremost Group CEO Angela Chao, a highly respected and experienced shipping executive, tragically passed away in a car accident. Her remarkable career and academic achievements, as well as her commitment to upholding her father’s legacy, made her a formidable leader in the shipping industry. Her passing elicited heartfelt statements from her family and colleagues, highlighting her impact as a pioneering leader for women in shipping, philanthropy, and the arts.

Lattice Semiconductor Reports Disappointing Q4 FY2023 Performance

Lattice Semiconductor (NASDAQ:LSCC) reported a disappointing Q4 FY2023 performance, with a 3% year-on-year revenue decline and a decrease in non-GAAP profit. Despite these challenges, the company’s president and CEO highlighted double-digit annual revenue growth and a strong position for the long-term, supported by a rapidly expanding product portfolio and robust customer momentum. Lattice Semiconductor specializes in customer-programmable chips for tasks such as machine learning and operates in a market driven by significant demand for processors and graphics chips, particularly related to AI and machine learning.

IHOP & Feeding America’s Month of Giving

IHOP and Feeding America have united for a Month of Giving, aiming to reduce food insecurity. The initiative invites guests to donate and provide meals to those in need, while volunteers remain vital in the fight against hunger. Together, we can make a difference.

Diverse News Updates in Atlanta Area

A family in Peachtree City, metro Atlanta, received an offer on their home through a live commercial during the Super Bowl, showcasing the power of modern real estate services. Stay informed with Atlanta News First for updates on local events, law enforcement activities, legal proceedings, public safety, and community resilience.

Cannabis Industry Makes History with Super Bowl Advocacy Ad

The cannabis industry is breaking new ground with its advocacy ad in the Sunday Super Bowl preview issue of Hearst Media, marking the first time a commercial for cannabis will be featured during a Super Bowl telecast, albeit in print form.

Fayetteville’s Woolsey Farmstead Nearing Completion

Fayetteville’s Woolsey farmstead project, in the works for 10 years, is nearing completion with the renovation of the main house. The historic site, significant to Fayetteville’s history, will soon open to the public, offering educational and recreational opportunities while preserving local heritage.