"Inflation Gauge Meets Expectations, Stocks Waver in Today's Market"
TL;DR Summary
Snowflake's CEO, Frank Slootman, surprised investors by announcing his immediate retirement, causing the stock to plummet more than 23%. The sudden departure of the successful CEO left many feeling blindsided, highlighting the importance of transparent communication from CEOs and their boards to avoid unexpected stock sell-offs due to leadership changes.
- Stock market today: Stocks waver after Fed's preferred inflation gauge meets expectations Yahoo Finance
- Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago CNBC
- Stock Market Today: Dow, S&P Live Updates for February 29 Bloomberg
- Stock Market Today: Dow, Nasdaq Open Higher After PCE Inflation Data The Wall Street Journal
- A Key Inflation Measure Moderated in January The New York Times
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