New data out Wednesday showed the “core” Consumer Price Index (CPI) increased 3.3% in the month of October, in line with Wall Street’s expectations. Immediately following Wednesday’s release, markets continued to price in another 25 basis point rate cut in December after the central bank cut rates by that amount last week. Traders currently see a more than 80% chance that the Fed cuts rates by 0.25% next month, up

Four women suing over Idaho’s strict abortion bans told a judge Tuesday how excitement over their pregnancies turned to grief and fear after they learned their fetuses were not likely to survive to birth — and how they had to leave the state to get abortions amid fears that pregnancy complications would put their own health in danger. “We felt like we were being made refugees, medical refugees,” said Jennifer

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New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to lower interest rates again in December. “There is progress on inflation,” Claudia Sahm, chief economist at New Century Advisors, told Yahoo Finance following the data’s release. “We are pointed in the right direction, but it has been a slow grind. And this is another month that fits in that slow

General Motors on Wednesday said it is recalling nearly 462,000 diesel-engine SUVs and pickup trucks in the U.S. because of a faulty transmission control valve that may fail and cause the rear wheels to lockup, increasing the risk of a crash. Drivers whose vehicles are affected by the transmission issue may experience harsh shifting ahead of any wheel problems, according to the automaker.  “A transmission control valve in some of

WASHINGTON (AP) — The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia (NVDA) of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. The justices heard arguments in the tech company’s appeal of a lower-court ruling allowing a 2018 suit led by a Swedish investment management firm to continue. It’s one of two high court cases involving class-action

Check out the companies making headlines in midday trading. Charter Communications , Liberty Broadband — Cable operator Charter Communications agreed to acquire Liberty Broadband in an all-stock deal. Charter shares rose 5.6%, while Liberty Broadband slid 3%. Cava Group — Shares of the Mediterranean-inspired food chain popped 7% after third-quarter results came out stronger than expected. Cava’s earnings of 15 cents per share exceeded the 11 cent consensus estimate from

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Spirit Airlines is considering declaring bankruptcy after a proposed merger with Frontier Airlines fell apart.  The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks, sources familiar with the matter confirmed to CBS News. The Wall Street Journal first reported the looming bankruptcy filing.  Spirit acknowledged in a regulatory filing late Tuesday that it is in “active and