Bureau of Labor Statistics News & Breaking Stories

Consumer prices rose in February, casting doubt on inflation hitting the 2% target, impacting mortgage rates and rental prices.

Market activity surged today, with the Dow up +369 points and the S&P 500 +1.25%. Big earnings reports coming tomorrow.

Bitcoin price falls after US CPI data, but support at $36,000 could launch gains above $38,000 and $40,000, making it bullish.

Markets rally for a second day, with weekly totals up on the Dow and Nasdaq. Apple's earnings disappoint.

Episcopal-affiliated Girls' Friendly Society California has granted $20,000 to St. Stephen's Episcopal Church in Hollywood to fund the Firefly program. The program aims to teach girls aged 14 to 17 the fundamentals of electrical work, providing them with skills and opportunities for future careers. The program will address different topics every month and will include field trips and guest speakers. Enrollment is open, and scholarships are available.

Israel vows to maintain its siege on Gaza until hostages are released, causing a growing humanitarian crisis in the region.

Fast-food workers in California will earn a minimum of $20 an hour and have a greater say in setting workplace standards under a new law signed by Governor Gavin Newsom.

California fast food workers will receive a minimum wage of $20 per hour starting in April 2022, making it one of the highest in the country. The move reflects the power of labor unions and settles a dispute between labor and business groups. The law also establishes a fast food council with the authority to raise the minimum wage annually. The focus now shifts to a separate bill that would raise the minimum wage for healthcare workers to $25 per hour.

Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.

General Motors (GM) has increased its contract offer to a 20% wage hike for US autoworkers in a bid to avoid a strike. Ford Motor has also confirmed it offered a 20% hike and other benefits. The United Auto Workers (UAW) is demanding 40% raises and major improvements in benefits. The UAW has outlined plans for a series of strikes targeting individual auto plants if agreements are not reached. The UAW is asking for 40% raises and major improvements in benefits. A full strike would hit earnings at each affected automaker by about $400 million to $500 million per week.