The Labor Department report showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month.
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At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history.
On a month-to-month basis, the consumer price index rose just 0.1% in November, down from 0.4% in October.
Starbucks is closing 16 U.S. stores because of repeated safety issues, including drug use and other disruptive behaviors that threaten staff.