PPI Runs Hot, Nike Job Cuts, Coinbase’s Surprise Profit 2/16/24

PPI Runs Hot, Nike Job Cuts, Coinbase’s Surprise Profit 2/16/24

  • Af
  • Episode
      1419
  • Published
      16. feb. 2024
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Episode
1419 of 2301
Længde
44M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

David Faber, Sara Eisen and Mike Santoli began the show by breaking down this morning’s PPI inflation report. The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month, the biggest move since August. The anchors also hit Nike, the latest firm to announce job cuts. The company said it would lay off 2% of its employees, more than 1,500 jobs, as part of a broader restructuring. After the bells, the desk hit a ton of earnings movers, including Coinbase. Shares of the crypto platform surged after posting a surprise profit for the first time in two years.

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