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Consumer Price Index: US BLS reported, CPI-U was up 0.3% in June on a seasonal adjustment (SA) basis. Over the last 12 months, all items index rose 0.1% before SA, first time since Dec. The index for all items less food and energy (F&E) rose 0.2% in June. The indexes for food and for all items less F&E have both risen 1.8% over the past 12 months.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.