>>CPI Rises Slightly In January

(Washington, DC)  --  Inflation is rising slightly.  The consumer price index increased by a half-percent in January, above what economists had predicted.  Meantime, the year over year number rose by six-point-four percent. 

 

>>Senate Holding Crypto Hearing

(Washington, DC)  --  Lawmakers are set to hold another hearing on the impact of a cryptocurrency market crash.  Today's Senate Banking Committee hearing comes two months after the collapse of crypto exchange FTX.  South Carolina Republican Senator Tim Scott, ranking member on the committee, has made creating a crypto regulatory framework as one of his top priorities.

 

>>MA Sen. Markey Wants Crackdown On Airline Fees

(Washington, DC)  --  One Democratic Senator wants federal rules to limit the extra fees charged by some airlines.  Ed Markey of Massachusetts is reintroducing the "Families Fly Together Act." The bill would stop airlines from charging seat selection fees to parents traveling with their children.  The intent is to allow families to be seated together without paying higher prices.

 

>>Twilio To Layoff 1,500 Tech Employees

(San Francisco, CA)  --  There are more layoffs in the tech industry.  Twilio says it plans to cut about 17 percent of its workforce or roughly 15-hundred jobs.  CEO Jeff Lawson telling employees in an email the cuts "hurt" but were part of a restructuring plan.  The cloud-based communications platform is forming two business units to help trim costs and become more efficient.  Twilio announced the belt-tightening move in a blog on its website.