Breaking News
Dec 22, 2022
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The U.S. Senate approved a $1.7 trillion bill which includes sharply higher $858 billion in defense spending and $772.5 billion for discretionary programs, later today to be approved by the House.
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Airlines cancel nearly 2,000 flights as arctic blast is expected to sweep much of the nation during holiday weekend dumping feet of snow, snarling traffic and dropping temperatures to bitter cold.
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The U.S. current account deficit shrank 9.1% to $217.1 billion in the third quarter from a revised $238.7 billion in the second. The deficit, the smallest in a year, fell to 3.4% from 3.8% of GDP.
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Crude oil futures jumped 2.5% to $77.85 a barrel after the U.S. inventories declined 3.1 million barrels last week from the 7.8 million barrels increase in the previous week, the API reported Tuesday.
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Dutch front-month natural gas futures extended losses and dropped to one-month low and below
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Mortgage rates for standard loans with 20% down payment decreased 8 basis points to 6.34% in the week ended December 16, the MBA data showed.
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Existing home sales annual pace in November declined 7.7% to 4.09 million units from October, the NAR report showed today. Sales plunged 35.4% from a year ago and weakest since November 2010.
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European markets closed up between 1.5% and 2.0% on holiday sales and earnings improvement optimism.
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The S&P 500 and the Nasdaq Composite indexes closed up 1.5% and crude oil jumped nearly 3% to $78.30 a barrel.
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BlackBerry said fiscal third quarter revenue was flat at $169 million and net loss shrank to $4 million from $54 million and diluted loss per share fell to 9 cents from 10 cents a year ago.
Dec 21, 2022