Breaking News
Dec 2, 2022
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The European Union agreed to cap the price for Russia's seaborne oil to $60 a barrel in an effort to punish President Vladimir Putin for invading Ukraine.
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For the week, the S&P 500 gained 1.1% and the Nasdaq Composite increased 2.1%.
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European markets closed higher for the seventh week in a row after inflation pressures eased and the euro advanced.
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The euro and the pound closed higher for the second week in a row.
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The eurozone wholesale inflation dropped to 30.8% in October from 41..9% in September, Eurostat said Friday.
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The U.S. economy added 263,000 jobs in November, highlighting the economic strength and jobless rate dropped to 3.7%.