Consumer prices in the U.S. jumped 0.6% in March from a month earlier, just a tad more than the expectations of a 0.5% gain as consumers, armed with cash from the $1.9 trillion stimulus, flocked to buy more durables and groceries.
Shares of Altimeter Growth (NASDAQ:AGC) rose by more than 10% in Tuesday’s premarket after Grab said it would merge with the blank check firm in a $40 billion deal, the largest merger yet involving a special purpose acquisition company.
Grab Holdings. southeast Asia’s largest ride-hailing and food delivery company, announced Tuesday that it intends to merge with Altimeter Growth Corp, in order to go public in the U.S..
U.S. stock index futures fell on Tuesday as U.S. federal health agencies recommended pausing the use of Johnson & Johnson (NYSE:JNJ)'s single-dose COVID-19 vaccine, while investors awaited a reading on a key inflation report.
WASHINGTON - U.S. consumer prices increased by the most in more than 8-1/2 years in March and underlying inflation picked up as more parts of the economy reopened thanks to increased vaccinations and massive fiscal stimulus.