CES About to Kick Off, and Everyone's Talking About the Golden Globes
Tech giants converge on Las Vegas for the 50th Consumer Electronics Show where the latest devices, gadgets, and toys will be on display. One of the major themes this year: Google trying to take away some of the share from Amazon in the digital assistant space.
Plus streaming services take home 5 awards at the Golden Globes, but who's the big winner? Amazon and Hulu took home 2 trophies each, and Netflix picked up one of its own, while Time Warner's HBO brought in 4 for its miniseries "Big Little Lies."
Intel also faces continued fallout from the chip vulnerabilities revealed last week, while SpaceX is getting ready to test fire its Falcon Heavy rocket. And David Letterman's new Netflix show will debut on Friday with former president Barack Obama as its first guest.
Federal Reserve Chair Jerome Powell will hint that the central bank could increase the pace of interest rate hikes if data indicate price pressures continuing.
Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.
If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday.
