Breaking News
Dec 1, 2022
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The PCE price index increased 0.3% in October from September and rose 6.0% from a year ago, the lowest in the year so far, the U.S. BEA report showed.
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Personal spending in October rose 0.8% following 0.6% in September and personal income increased 0.7%, the most in a year, the U.S. BEA reported Thursday.
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The national average gasoline price dropped to $3.47 a gallon, below $3.54 average on February 24, the day Russia invaded Ukraine, said AAA.
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European natural gas prices soared 10% as storage dipped in several countries and temperatures dipped and Norway and the UK face difficulties at gas terminals.
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Mortgage applications declined 0.8% for the week ending Nov 28th, after rising 2.2% in the previous week, the Mortgage Bankers Association said Wednesday.
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Consumer price inflation declined to 10.0% in the euro zone from a record high 10.6% in October, Eurostat data showed Wednesday.
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Major averages on Wall Street soared between 2% and 3% after Fed Chairman Powell suggested the pace of future rate hikes may slow down from December.
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Costco Wholesale said November sales increased 5.7% to $19.1 billion but e-commerce sales dropped 10.1% from a year ago.
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Five Below said revenue in Q3 increased 6.2% to $645 million but net income plunged to $16.2 million from $24.2 million or 29 cents from 43 cents a year ago.
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Victoria's Secret said Q3 sales fell 8.5% to $1.32 billion and earnings plunged to $24.4 million from $75.2 million or 29 cents from 81 cents a year ago.
Nov 30, 2022
