Inflation Cools, Fed Investigation Rocks Markets, and Your Siri Just Got Smarter
Core inflation came in at 2.6% annually—below expectations—keeping the Fed on hold while shelter costs remain sticky; Federal Reserve Chair Powell faces criminal investigation sparking Fed independence concerns though stocks rallied to new highs; JPMorgan beat earnings on strong trading revenue despite Trump's proposed credit card rate cap; Delta projected 20% profit jump in 2026 citing strong travel demand; and Apple announced Siri will get AI upgrade using Google's Gemini models in another win for Google against OpenAI.
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