Former US President Donald Trump reportedly approached SpaceX and Tesla CEO Elon Musk last summer about purchasing his social media platform, Truth Social, according to a report from the Washington Post. Despite discussions between the two influential figures, the proposal did not result in a deal.

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In a surprising turn, US consumer prices experienced a notable increase, throwing a wrench into expectations of potential interest rate cuts by the Federal Reserve this month. According to data released by the Labor Department on Tuesday, the consumer price index (CPI) surged by 3.2 percent annually in February, marking a significant jump from the previous month's figures. Additionally, the CPI climbed by 0.4 percent in February alone.