>>Inflation Higher Than Expected In January
(Washington, DC) -- Inflation turned out to be slightly higher than expected in January. New government figures out Tuesday show the consumer price index rose three-tenths of a percent last month as Americans paid more for goods and services. Prices for housing and shelter led the way, with lower gas prices helping to offset some of the increase. Core prices, excluding volatile food and energy, rose three-point-nine percent from one year ago.
>>Uber, Lyft And DoorDash Drivers Strike On Valentine's Day
(Undated) -- Uber, Lyft and DoorDash drivers are striking in cities across the U.S. today, seeking better pay. The drivers are expected to picket outside airports and Uber officers. The Justice For App Workers coalition, which represents about 130-thousand drivers, says drivers won't be providing rides to and from airports between the hours of 11 am and 1pm in nearly a dozen cities. Cities where airports will be impacted by Uber and Lyft strikes: Austin, Texas; Chicago, Hartford, Connecticut; Miami, Tampa and Orlando, Florida; Newark, New Jersey; Philadelphia; Pittsburgh and Providence, Rhode Island.
>>Typo Sends Lyft Stock Soaring
(San Francisco, CA) -- A typo sent rideshare company Lyft's stock surging Tuesday. The company's fourth quarter earnings statement estimated its gross margin to increase by five percentage points. It was supposed to say half a percentage point. Stocks went up 62 percent before coming back down to earth after a correction was issued.
>>Boeing Sees Worst Month For New Airplane Orders
(New York, NY) -- Boeing is seeing its worst month for new airplane orders after the Alaska Airlines door plug blowout incident. The company said Tuesday it booked orders for only three 737 Max planes to an unidentified customer, but had three other orders cancelled, adding up to a net zero of orders for the period. That's its worst month since the pandemic. Earlier this month, United Airlines CEO Scott Kirby said the company is not counting on any of the 737 Max 10 models it ordered, saying the door plug incident is the "straw that broke the camel's back."
>>Media Giant Paramount Global Lays Off 800 Workers
(New York, NY) -- Paramount Global is laying off about 800 employees. Sources tell CNBC the media company sent out an internal memo to employees on Tuesday saying it's laying off about three percent of its workforce. Paramount Global CEO Bob Bakish had already sent out a memo last month warning of impending layoffs. The move comes after Paramount's CBS network set record highs for Super Bowl viewership, with an estimated 123-million people watching across all platforms on game day. CBS charged a record-high average of six-and-a-half-million dollars for each 30-second Super Bowl ad.
>>ESPN, CFP Extend Rights Deal
(Undated) -- The College Football Playoff will remain on ESPN for the foreseeable future. The CFP agreed to a new rights deal with ESPN on Tuesday. The network will exclusively broadcast the new 12-team tournament until at least 2031. The new deal kicks in before the 2026 season and is worth seven-point-eight billion dollars over six years. ESPN has held the rights to the CFP Semi-Finals and Finals since the playoff started in 2014.
>>Valentine's Day Spending On Significant Others to Reach New Record
(New York, NY) -- It's shaping up to be a record year for spending this Valentine's Day. That's according to the National Retail Federation. It says consumers plan to spend a total of 25-point-eight billion dollars this Valentines day, on par with last year's spending and the third highest in the survey's history. 62-percent of consumers ages 25-to-34 intend to celebrate this year, more than any other age group. Consumers expect to spend 185-dollar each on average, that's nearly eight dollars more than the average Valentine's Day spending over the last five years.
