Key inflation measure shows price pressures cooled off in November, but remain high

Another key inflation measure shows price pressures cooled off but remained stubbornly high in November, despite the Federal Reserve's monthslong efforts to fight inflation through higher interest rates.

News: What you need to know about the markets     Key inflation measure shows price pressures cooled off in November, but remain high Another key inflation measure shows price pressures cooled off but remained stubbornly high in November, despite the Federal Reserve's monthslong efforts to fight inflation through higher interest rates. Read more »   The UK just had a major market scare. Now it wants to relax financial rules Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British government is promising a major relaxation of financial regulation in a bid to shore up the country's banking and insurance industries against growing competition from cities such as Amsterdam and Paris. Read more »   Big Oil stocks are pointing to higher gas prices to come Brutally high oil and gas prices were the talk of the town in 2022 and one of the largest contributing factors to sky-high inflation. The thing is: When you reach the top, there's nowhere to go but down. And that's exactly where oil is going. Read more »   FTX founder Sam Bankman-Fried says he'll testify before Congress Sam Bankman-Fried, the founder of the failed crypto exchange FTX, has agreed to testify before the Senate Banking Committee next week as questions and confusion swirl about the collapse of his companies. Read more »   Shoppers are dipping into savings and going into debt. That could cause a holiday hangover Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start. Read more »   The busiest port in America is no longer on the West Coast For the past 22 years, the Port of Los Angeles has been the busiest container port in North America, moving around 10 million cargo containers filled with goods for Americans and bringing in roughly half a billion dollars in revenue each year to the state of California. But for the past three months, the Port of New York and New Jersey has been No. 1. Read more »

Dow Nasdaq S&P -305.02   -77.39   -29.13 33,476.46   11,004.62   3,934.38 -0.90%   -0.70%   -0.73% YTD -7.88%   YTD -29.66%   YTD -17.45%

Biggest Winners Vornado Realty Trust +2.98%   Mohawk Industries Inc +2.26%   Edwards Lifesciences Corp +2.11%   Lumen Technologies Inc +1.67% Biggest Losers Schlumberger NV -5.91%   Halliburton Co -5.33%   Ralph Lauren Corp -4.12%   Devon Energy Corp -4.07%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $71.53 +0.07 / +0.10% Gold $1,808.80 +7.30 / +0.41% 10-yr 3.57% +0.08 Euro $1.05 -0.00 / -0.19%

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