Fed's favorite inflation gauge shows prices continue to moderate

The Federal Reserve's preferred measurement of inflation continued to cool off in November, providing yet another welcome indication that this period of painfully high prices has peaked.

News: What you need to know about the markets     Fed's favorite inflation gauge shows prices continue to moderate The Federal Reserve's preferred measurement of inflation continued to cool off in November, providing yet another welcome indication that this period of painfully high prices has peaked. Read more »   IRS delays rule change for people who get paid on Venmo, Etsy, Airbnb and other apps Anyone getting paid for their goods and services through apps like Venmo, PayPal or CashApp, or platforms like Etsy and Airbnb, just got a reprieve from the IRS. Read more »   Elon Musk's Twitter obsession isn't the core reason for Tesla stock's plunge A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire's love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla's steep stock selloff this week proved that the problems at Musk's car company go well beyond Twitter. Read more »   Massive winter storm is disrupting America's last-minute holiday deliveries Both UPS and FedEx are warning that the winter storm hitting large swaths of the United States is disrupting operations in the final delivery days before Christmas. Read more »   UK wages next year will be at their lowest level since 2006, report says Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed. Read more »   Pigs are the latest casualty of Germany's energy crisis Pig herds in Germany have shrunk to a record low as producers battle soaring input costs, adding to the list of German industries hobbled by the energy crisis. Read more »

Dow Nasdaq S&P +176.44   +21.74   +22.43 33,203.93   10,497.86   3,844.82 +0.53%   +0.21%   +0.59% YTD -8.63%   YTD -32.90%   YTD -19.33%

Biggest Winners Carmax Inc +5.17%   Hess Corp +4.72%   Halliburton Co +4.13%   Pioneer Natural Resources Co +4.07% Biggest Losers D R Horton Inc -1.29%   Bristol-Myers Squibb Co -1.27%   3M Co -1.19%   Carnival Corp -0.89%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $79.39 +1.90 / +2.45% Gold $1,805.80 +10.50 / +0.58% 10-yr 3.75% +0.08 Euro $1.06 +0.00 / +0.22%

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