A new government report shows inflation may have peaked in April. And Southwest Airlines has a few changes up its sleeve.
The Consumer Price Index shows slower inflation growth last month. But that didn’t calm investors as the indexes fell once again.
The Dow fell 326, 1%, to close at 31,834
The Nasdaq lost over 3%, down another 373 today.
The S&P finished down 1.6%, falling 65 points.
Bitcoin sank below $30,000 today as the cryptocurrency market struggles continue. That’s down around 56% from its November peak of $69,000. Some are now using the phrase “crypto winter” to describe the current volatility.
Carvana is cutting 2,500 jobs. The online car retailer blamed a “recession” in auto sales. Shares plunged 16% today to $30 / share. The company’s stock has tumbled 87% since the beginning of the year.
Southwest is trying to make your next flight better. The airline is spending $2 billion on bigger overhead bins, faster internet, and power outlets in every seat. Southwest will also double its movie selection and offer new drinks as well.
From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.
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