While services inflation began to moderate and rent prices rose at a slower pace, "inflation still remains too hot for the Fed's liking," according to senior economist at Wells Fargo in Charlotte, North Carolina Sarah House.
The Chinese yuan has surpassed the U.S. dollar in trading volume on the Moscow Exchange due to Russia moving away from transacting in the currencies of "unfriendly" countries amidst sanctions.
The board appointed by Governor Ron DeSantis to oversee Walt Disney World's special taxation district in Florida is considering legal action after accusing the previous Disney-controlled board of passing restrictive covenants that limit their power, while also limiting their use of Disney-related trademarks, and Disney has defended its actions.
JPMorgan Chase is piloting a new payment technology that will allow customers to pay using biometric scans of their face or palm, with the bank hoping to expand the system if successful.
Customers of small U.S. banks pulled a record $119.9 billion of deposits in the seven days ending March 15, data released by the Federal Reserve showed Friday.
On Thursday, Utah Governor Spencer Cox signed two bills into law that make his state the first in the US to mandate that social media companies obtain parental consent for anyone under 18 years of age before they can use their apps.
