That's why stocks struggled to mount a rally. Bouncing initially between positive and negative territory. I see signs in the report that some of the inflation numbers may be too strong versus reality. 2. To be sure, though, the CPI print is good news, ending 2022 down 0.1% month over month and up 6.5% year over year. Ex-food and energy core rose 0.3% month over month and up 5.7% year over year. We really wanted to see more of a cooling. 3 .
Taiwan Semiconductor Manufacturing Company says autos will get the chips they need from them. The shortage is over. In the meantime, they predict a downturn and then an upturn. 8. Subway considering selling itself in a deal that would value the sandwich chain at $10 billion. Privately held Subway has 37,000 stores in 100 countries. Same-store sales up 8.4% in the third quarter. 9. Anheuser-Busch Inbev downgraded to sell at UBS and to hold at Deutsche Bank; price targets cut.
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