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What goes up… is starting to come down

By Christine Romans It’s too soon to declare victory over inflation, but from gas to chicken to big-screen TVs, there are, increasingly, signs that inflation’s grip on American pocketbooks may be loosening. Gas prices are back to last year’s levels, after spiking to a record high of just over $5 a gallon this summer. For

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Key inflation measure shows price pressures cooled off in November, but remain high

By Chris Isidore, CNN Another key inflation measure shows price pressures cooled off but remained stubbornly high in November, despite the Federal Reserve’s monthslong efforts to fight inflation through higher interest rates. The Producer Price Index, which measures prices paid for goods and services by businesses before they reach consumers, rose 7.4% in November compared

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Shoppers are dipping into savings and going into debt. That could cause a holiday hangover

By Matt Egan, CNN Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start. Black Friday and Cyber Monday sales were solid, as Americans were lured by deep discounts. Although consumer spending may be slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks

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Apple abandons controversial plan to check iOS devices and iCloud photos for child abuse imagery

By Samantha Murphy Kelly, CNN Business Apple is abandoning its plans to launch a controversial tool that would check iPhones, iPads and iCloud photos for child sexual abuse material (CSAM) following backlash from critics who decried the feature’s potential privacy implications. Apple first announced the feature in 2021, with the goal of helping combat child

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FTC sues to block Microsoft’s $69 billion acquisition of Activision Blizzard

By Brian Fung, CNN The Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history. The administrative complaint filed Thursday by the FTC alleges that the blockbuster deal, which would make Microsoft the third-largest video game publisher in the world, would

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Pentagon awards multibillion-dollar cloud contract to Amazon, Google, Microsoft and Oracle

By Brian Fung, CNN The Defense Department has named Amazon, Google, Microsoft and Oracle as the winners of a multibillion-dollar cloud computing contract whose predecessor the Pentagon had to cancel amid Amazon’s allegations that then-President Donald Trump had interfered in the award process. The contracts announced Wednesday evening for the Joint Warfighting Cloud Capability (JWCC)

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