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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.

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.

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.

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.