Breaking News
Dec 9, 2022
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Brazil's inflation eased to an annual pace of 5.9% in November from 6.4% in October, the lowest since Feb 2021, after transportation and housing prices cooled, the statistical office said Friday.
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The S&P 500 index declined 3.4% and the Nasdaq Composite index plunged 4.0%, worst weekly losses since September.
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Broadcom said revenue in the fiscal fourth quarter rose 21% to $8.9 billion and net income increased to $3.3 billion from $1.9 billion and earnings per share rose to $7.8 from $4.43 a year ago.
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Anglo American, the parent of De Beers and mines in Brazil, said production volumes in 2022 are expected to fall 3% and production costs rise 16% in 2022.
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The French economy is expected to slow down to 0.1% in the fourth quarter from the third, the Bank of France's monthly survey showed today.
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RH said revenue in the fiscal third quarter fell to $869 million and income plunged to $99 million from $184 million and earnings per share fell to $3.88 from $5.88 a year ago.
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Credit Suisse said it already raised about half of Sfr 4 billion it plans to raise.
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Stocks on Wall Street trade higher and crude oil prices rebound 2% from a one-year low of $71.80 a barrel and the yield on 10-year U.S. Treasury notes inched up to 3.49%.
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Initial jobless claims increased to 230,000 and continuing claims rose 62,000 to 1.67 million for the week ending November 26, the U.S. Department of Labor said Thursday.
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The unleaded gasoline price at pump stations fell to $3.329 a gallon, below the $3.343 price a year ago despite geopolitical tensions in Europe and OPEC+ production cuts, AAA said Thursday.
Dec 8, 2022