Breaking News
Dec 9, 2022
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The producer price index increased 0.3% in November from October and eased to 7.4% from a year ago on higher cost of services, the U.S. Bureau of Labor Statistics said.
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Consumer price index in China eased to 1.6% in November from 2.1% in October and declined by 0.2% from the previous month, the National Bureau of Statistics said Friday.
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Brazil's inflation eased to an annual pace of 5.9% in November from 6.4% in October, the lowest since Feb 2021, after transportation and housing prices cooled, the statistical office said Friday.
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The S&P 500 index declined 3.4% and the Nasdaq Composite index plunged 4.0%, worst weekly losses since September.
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Broadcom said revenue in the fiscal fourth quarter rose 21% to $8.9 billion and net income increased to $3.3 billion from $1.9 billion and earnings per share rose to $7.8 from $4.43 a year ago.
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Anglo American, the parent of De Beers and mines in Brazil, said production volumes in 2022 are expected to fall 3% and production costs rise 16% in 2022.
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The French economy is expected to slow down to 0.1% in the fourth quarter from the third, the Bank of France's monthly survey showed today.
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RH said revenue in the fiscal third quarter fell to $869 million and income plunged to $99 million from $184 million and earnings per share fell to $3.88 from $5.88 a year ago.
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Credit Suisse said it already raised about half of Sfr 4 billion it plans to raise.
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Stocks on Wall Street trade higher and crude oil prices rebound 2% from a one-year low of $71.80 a barrel and the yield on 10-year U.S. Treasury notes inched up to 3.49%.
Dec 8, 2022