Breaking News
Dec 14, 2022
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The S&P 500 index gyrated after the Federal Reserve lifted its key lending rate to the highest level not seen in fifteen years and indicated it will take time before price stability returns.
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United Airlines said it plans to purchase 100 787 Boeing Dreamliners and 100 Boeing 737 Max jets as the company replaces its aging fleet. The order is worth $43 billion at list prices.
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Oracle said revenue in the fiscal Q2 rose 18% to $12.3 billion and the company swung to a net income of $1.7 billion from a loss of $1.2 billion or 63 cents from 46 cents loss a share a year ago.
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Sam Bankman Fried, the former CEO of the collapsed crypto exchange FTX faces criminal charges to defraud investors in the Bahamas. The SEC is also expected to bring a separate set of charges.
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The Consumer Price Index rose at a slower pace of 7.1% in November after rising at 7.7% in October. Monthly increase slowed to 0.1% from 0.4% in October.
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U.S. consumer inflation expectation for the year ahead declined to 5.2% in November from 5.9% in October, the lowest in 15 months according to the Federal Reserve Bank of New York survey.
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Microsoft agreed to acquire a 4% stake in the London Stock Exchange Group and struck a 10-year partnership for its cloud computing services worth $2.8 billion.
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Horizon Therapeutics agreed to be acquired by Amgen for $27.8 billion or $116.50 a share.
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Coupa Software Inc agreed to be acquired by a private equity group Thoma Bravo for $8 billion or $81 a share and the deal is expected to close in the first-half of 2023.
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Xi Jinping in Riyadh pushed Saudi Arabia and GCC countries for the settlement of crude oil purchase on Shanghai Petroleum and Natural Gas Exchange in a move to weaken the dominance of U.S. dollar.
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