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Inflation rose more quickly than expected in December

A key inflation gauge accelerated in December, a sign that many prices are still rising more quickly than most Americans would prefer — and faster than the Federal Reserve’s target of 2% a year. The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022. With many prices still rising more quickly than they did before the pandemic, the report points to a key reason that many Americans remain unhappy with the economy, even as unemployment remains low and growth is solid.

Social media companies face legal reckoning over mental health harms to children

For years, social media companies have disputed allegations that they harm children’s mental health through the way they design their platforms, deliberately addicting kids and failing to protect them sexual predators and dangerous content. Now, these tech giants are getting a chance to make their case in courtrooms around the country, including before a jury for the first time.

Inflation rose more quickly than expected in December

A key inflation gauge accelerated in December, a sign that many prices are still rising more quickly than most Americans would prefer — and faster than the Federal Reserve’s target of 2% a year. The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022. With many prices still rising more quickly than they did before the pandemic, the report points to a key reason that many Americans remain unhappy with the economy, even as unemployment remains low and growth is solid.

Social media companies face legal reckoning over mental health harms to children

For years, social media companies have disputed allegations that they harm children’s mental health through the way they design their platforms, deliberately addicting kids and failing to protect them sexual predators and dangerous content. Now, these tech giants are getting a chance to make their case in courtrooms around the country, including before a jury for the first time.

Transportation Department says more than 550 driving schools must close over safety failures

The federal Transportation Department says more than 550 commercial driving schools in the U.S. that train truckers and bus drivers must close after investigators found they employed unqualified instructors, failed to adequately test students and had other safety issues. The department announced its latest move to improve safety in the trucking industry on Wednesday.

Nvidia leads the US stock market higher

The U.S. stock market ticked higher on Wednesday, led by its most influential stock, Nvidia. The S&P 500 rose 0.6% and pulled a bit closer to its all-time high set late last month. The Dow Jones Industrial Average added 129 points, or 0.3%, and the Nasdaq composite gained 0.8%.

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