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  • CPI, core CPI remain above target; core CPI above on monthly basis for 5th consecutive month

CPI, core CPI remain above target; core CPI above on monthly basis for 5th consecutive month

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Top stories today:

  1. CPI, core CPI remain above target at 0.3% MoM
  2. Bitcoin ETFs: Grayscale lead in 1st day trading volume
  3. Microsoft briefly takes over Apple as #1 company by market cap
  4. Credit card delinquency jumps to highest since 2012

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

All times are ET.

1. CPI, core CPI remain above target; core CPI above on monthly basis for 5th consecutive month

Vehicle insurance, electricity, and airline fares led monthly inflation

2. Bitcoin ETFs: Grayscale, BlackRock, Fidelity lead in 1st-day trading volume ($5B total)

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4. Microsoft briefly takes over Apple as world’s #1 company by market cap

5. Credit card delinquency jumps to highest since 2012, while mortgage delinquency reaches record low

Mortgage delinquency rates continued their long-term decline, which was briefly interrupted by Covid

6. Interesting videos, posts, and memes

7. Other headlines



  • 60K-80K Vision Pro units ready for Feb. 2: analyst.

  • Google to allow real-money games on Play Store.

  • DocuSign may be sold to Bain, Hellman & Friedman.

  • Amazon’s Just Walk Out tech expands to corporate employees.

  • Apple board changes: Al Gore, James Bell out, Wanda Austin nominated.

  • Discord lays off 17% of employees.

  • Audible lays off 5% of staff.

  • Pixar could lay off as much as 20% of employees in 2024.

  • India’s Byju sees valuation cut from $22B to $1B.

  • BetterHelp: professional online therapy to help you win at work.*

  • Sidebar: accelerate your career in 2024.*


Tech & law

  • Google endorses right to repair, to lobby for it.


  • CDC recommends Covid, influenza, RSV vaccinations for most.

  • Weight loss drugs not linked to suicidal thoughts: FDA.

  • Novartis backs away from pursuing Cytokinetics.


  • BlackRock buys infrastructure firm GIP for $12.5B.

  • Airbus books 2,319 gross orders in 2023, 29% higher than its 2014 record.

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  • Circle (USDC issuer) confidentially files for U.S. IPO.

U.S. politics

  • Hunter Biden pleads not guilty to federal tax charges in CA.

  • Trump criticizes judge in NY civil fraud trial.

  • GOP senators introduce bill to make SCOTUS sole arbiter on ballot bans.


  • U.S., allies attack Houthis in Yemen, who vow to respond.

  • Russia preps legal battle to stall seizure of $300B.

  • Iran’s navy seizes oil tanker near Oman, increasing tensions.

  • IDF, Palantir agree to partnership for battle tech.

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