Breaking News
Nov 29, 2022
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The consumer price index in Germany eased to 10.0% in November from the record 10.4% in October, significantly higher than 2.0% target rate set by the ECB.
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Home price increases slowed for the third month in a row in September but prices are still rising in Miami, Tampa and Charlotte in double digits.
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Global markets fall on worries that China's crackdown on protests against zero-Covid policies may prolong supply chain disruptions.
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China protests spread to more cities over the weekend as the country battles Covid-infections with stringent measures and 400 million people are locked down.
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European markets closed lower on the worries that widening protests in China may disrupt luxury products exports and intermediate goods imports.
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U.S. benchmark indexes accelerated losses in the final hour of trading with the S&P 500 down 1.5% and the Nasdaq Composite off 1.6%.
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Crude oil prices closed at an 11-month low $77.24 a barrel, after falling as low as $73.61, the lowest price since last December.
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Dozens of protests erupted in cities including Shanghai and Beijing and on university campuses against lockdowns and zero-Covid policy in China.
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50 of the top 100 advertisers have stopped advertising on Twitter, spending $2 billion since 2020 and $750 million in 2022, Media Matters for America reported.
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Record 166 million shoppers are expected to shop from Thanksgiving Day through Cyber Monday, 8 million more than a year ago and record since 2017, said the NRF.
Nov 28, 2022
Nov 27, 2022
