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Business

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Finance

US inflation rose 0.4% in October as price increases cooled and gas costs dipped

New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high prices US inflation rose 0.4% from September to October, slightly above expectations but still a cooldown in price increases as the cost of gas dipped during the month. The Bureau of Labor Statistics did not release the usual year-over-year inflation figure as part of the consumer price index (CPI), which measures the price of a basket of goods and services, as data was not collected in October 2025 during the government shutdown. Continue reading...

The Guardian
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Finance

Tech’s biggest names sank a tax on billionaires’ wealth with $425m and a familiar playbook

California saw the most expensive opposition campaign in its history as funding of political campaigns broke records in the US midterms In the hours after polls closed on election day, tech industry players began praising Sergey Brin, the co-founder of Google, on social media. “Huge thanks to Sergey Brin here,” wrote Garry Tan, the CEO of Y Combinator. Venture capitalist Ilya Sukhar posted: “God bless Sergey Brin.” And David Marcus, a crypto entrepreneur, simply wrote: “Hero.” Continue reading...

The Guardian
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