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Tag: surges

U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts

Shoppers reach for a carton of eggs to customers to limit purchases in South Pasadena, California on February 10, 2025. The revival of the bird flu, which first hit the US in 2022, has ravaged customer farms, causing egg prices to rise and rattle consumers who are used to buying this meal staple for just […]

Flu surges to 15-year-high in US — as NYC sees largest number of cases in 5 years

According to domestic data, a second wave of influenza is spreading across the country, bringing flu-like symptoms to the highest level in 15 years. Almost 8% of last week's healthcare visits were respiratory illnesses (the highest since the 2009-2010 season when swine flu shook the country), with nearly 50,000 patients hospitalized with the virus. According […]

Uber surges after Bill Ackman reveals $2B stake in app

Billionaire hedge fund manager Bill Ackman revealed Friday that his activist investment company had purchased approximately $2 billion worth of shares in Uber. Uber's shares are about 1pm east time on Friday after Ackman wrote X's stock on his company Pershing Square Capital Management to reach around 1% of its $16.113 billion market capitalization. They […]

Bitcoin Surges Above $106K as BTC Reserve Hopes Grow Under Trump – Decrypt

Will America Under President Donald Trump Get Strategic Bitcoin Reserves? It's not yet clear, but heightened expectations for the proposal appear to have helped drive gains in assets on Thursday. Sen. Cynthia Lummis, a prominent Bitcoin advocate and sponsor of the “Strengthening Innovation, Technology, and Competitiveness through the Optimized Investments Nationwide Act'' (also known as […]

Gold price surges on Trump policy, bulls target all-time highs – FXStreet

Gold has hit a new 2025 high as President Trump's comments on trade raise investor concerns. Despite the rise in the US dollar index, the rise in gold indicates strong demand for safe-haven assets. Geopolitical tensions in the Middle East are escalating in tandem with the possibility of US economic policy towards Russia. Gold prices […]

Trump meme coin surges to nearly $11B in value on Inauguration Day

Donald Trump's newly launched cryptocurrency soared on Monday, with billions of dollars flowing into trading hours before the president-elect took the oath of office, and its market cap reaching nearly $11 billion. This meteoric rise in the digital currency's value coincided with Bitcoin's all-time high. This is the latest sign that crypto investors are bullish […]

Small Business Optimism Surges to Six-Year High, Buoyed by Trump Policies

U.S. small business confidence rose in December to its highest level since late 2018, as expectations for a more business-friendly environment under President-elect Donald Trump continued to boost sentiment. The National Federation of Independent Business (NFIB) reported that its optimism index rose 3.4 points to 105.1, following a historic monthly increase in November. The index […]

Egg inflation surges 8.5% in December as bird flu, demand strain supply

Egg prices are on the rise again, with experts warning that they are unlikely to ease until at least next year. Rapid increase in demand and decrease in supply due to the spread of avian influenza Egg prices rose 8.5% month-on-monthAccording to the Bureau of Labor Statistics. In California, local restaurant owners are struggling to […]