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AM Business Notebook 

>>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. The Labor Department said rising prices for food, gas and shelter were the main drivers as inflation turned higher to start 2023.

 

>>Musk Says End of '23 Would Be "Good Timing" For New Twitter CEO (Dubai) -- Elon Musk says the end of 2023 would be "good timing" for Twitter to have a new CEO. The Twitter chief spoke virtually today at a World Government Summit in Dubai, and was asked if he found a replacement to run the company and when that person would be hired. Musk said he needs to "stabilize the organization" first and "make sure it's in a financially healthy place." He then added, "towards the end of this year would be good timing to find someone else to run the company."

 

>>Bankman-Fried VPN Use Causes Bail Restriction (Washington, DC) -- A federal judge is banning usage of virtual private networks by FTX founder Sam Bankman-Fried after he used a private connection to watch NFL games, including the Super Bowl. The DOJ noted that while a VPN isn't necessarily harmful, it can be used as a way to block the government from seeing what websites a user visits, or what data is being sent online. They can also be used to access international cryptocurrency exchanges that block U.S. users.

 

>>Subway Fast Food Brand Up For Sale (Milford, CT) -- Fast food franchise Subway is up for sale. Its shareholders hired JP Morgan to help move the process of the potential sale along. The Wall Street Journal valued the restaurant brand at more than ten-billion-dollars last month. No price has yet been announced yet. However, if the number is accurate, that would be one of the biggest deals in the industry since Dunkin' sold for over eleven-billion in 2020.

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