Breaking News
Dec 14, 2022
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U.K.'s consumer price inflation slowed to 10.7% in November from 11.1% in October after transportation costs rose at a slower pace and monthly pace slowed to 0.4% from 2.0%, the ONS said Wednesday.
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Spain's consumer price inflation slowed to 6.8% in November from 7.3% in October and continued to ease for the fourth month in a row after peaking at 10.8% in July, the INE reported Wednesday.
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U.S. import prices declined 0.6% in November and export prices eased 0.3% from the previous month, the fifth monthly fall in prices in a row, the U.S. Bureau of Labor Statistics said Wednesday.
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The Federal Reserve lifted its key lending rate range by 50 basis points to between 4.25% and 4.50% in an unanimous decision, following a four 75 basis point rate increases in a row.
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The S&P 500 index gyrated after the Federal Reserve lifted its key lending rate to the highest level not seen in fifteen years and indicated it will take time before price stability returns.
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United Airlines said it plans to purchase 100 787 Boeing Dreamliners and 100 Boeing 737 Max jets as the company replaces its aging fleet. The order is worth $43 billion at list prices.
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Oracle said revenue in the fiscal Q2 rose 18% to $12.3 billion and the company swung to a net income of $1.7 billion from a loss of $1.2 billion or 63 cents from 46 cents loss a share a year ago.
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Sam Bankman Fried, the former CEO of the collapsed crypto exchange FTX faces criminal charges to defraud investors in the Bahamas. The SEC is also expected to bring a separate set of charges.
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The Consumer Price Index rose at a slower pace of 7.1% in November after rising at 7.7% in October. Monthly increase slowed to 0.1% from 0.4% in October.
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U.S. consumer inflation expectation for the year ahead declined to 5.2% in November from 5.9% in October, the lowest in 15 months according to the Federal Reserve Bank of New York survey.
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