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Wednesday's Final Takeaways: Amazon Pivoting AI Strategy & Samsung's Pay Deal
Youtube· 2026-05-14 06:00
Now, even when you strip out the volatile categories, Corpi still came in at more than double the expected rate, proving that the price pressures are now deeply embedded across both goods and services. In reaction, we saw the 10-year jump to a high for 2026, touching 449. Right now, it's about 447. The 2-year also briefly went over 4% before retreating. Also want to pivot here about shopping. Amazon officially pivoting its AI strategy today by retiring its Roffus chatbot and launching Alexa for Shopping. Sa ...
Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
Youtube· 2026-05-13 20:58
Rick Santelli standing by at the CME. The numbers, Rick. >> Yeah, and the numbers are coming in on the warm side.Our April producer price index for the month of April. Headline number almost triple expectations up a whopping 1.4%. Wow.You have to go back to March of 22 to find a bigger number, and that number was 1.7%. Now, if we strip out the allimportant food and energy, we're also at a triple header here. We're expecting up 3/10. We end up with up 1%.Up 1% would be the warmest since wow. Also March of 22 ...