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Inflation steady prior to Iran attack boosting costs

KANSAS CITY — Inflation remained stubbornly elevated last month as gas prices rose, but it’s a snapshot of consumer prices before a U.S.-Israeli attack on Iran sent energy costs soaring. Consumer prices rose 2.4% in February compared with a year earlier, the Labor Department said Wednesday, matching January’s increase. Excluding the volatile food and energy, core prices climbed 2.5% from a year ago, also matching January’s level, which was the lowest in five years. Both remain above the Federal Reserve’s 2% target. Wednesday’s data has been overtaken by a conflict that ...

States rush to set rules for rounding without pennies

Months after the last of the United States’ 1-cent coins were pressed, some states are beginning to offer their own 2 cents on the penny problem by setting rounding guidance for cash purchases. President Donald Trump announced early last year an end to penny production, saying it was ...

Briefcase

STATE COLLEGE DojoNetworks renews certification DojoNetworks has renewed its SOC 2 Type II certification for the second consecutive year, reinforcing its adherence to established standards for security, availability and confidentiality within its operations. This continued achievement reinforces DojoNetworks commitment to operational excellence, disciplined internal controls and enterprise-level data security across the communities it serves. SOC 2 Type II is one of the most rigorous security and compliance standards in the technology sector. Unlike a point-in-time audit, Type ...

Messages released in antitrust case

Incendiary internal messages in which a Live Nation employee mocks customers as “so stupid” and says the company is “robbing them blind, baby” have been made public as over two dozen states weigh whether to continue their antitrust trial against the entertainment giant and its subsidiary Ticketmaster. The messages from late 2021 through early 2023 on the online work messaging platform Slack were highlighted late Wednesday in a filing by government lawyers released in the public court record. The lawyers insist the messages should be evidence in the week-old trial in Manhattan ...

Microsoft backing Anthropic in suit

Microsoft and a group of retired military leaders are throwing their weight behind Anthropic in asking a federal court to block the Trump administration’s designation of the artificial intelligence company as a supply chain risk. Microsoft, in a legal filing, is challenging Defense Secretary Pete Hegseth’s action last week to shut Anthropic out of military work by labeling its AI products as posing a threat to national security. So are a group of 22 former high-ranking U.S. military officials, some of whom were secretaries of the Air Force, Army and Navy and a head of the Coast ...

Ticker

Trump admin kicks off new tariff process The Trump administration is opening a new trade investigation into manufacturing in foreign countries. It’s an effort that comes after the Supreme Court struck down President Donald Trump’s previous use of tariffs. Trump and his team have made clear that they’re seeking to replace the hundreds of billions of dollars in lost revenues by using different laws to establish new tariffs. The administration is starting investigations under Section 301 of the Trade Act of 1974 to try to charge new import taxes. But U.S. Trade Representative ...