Breaking News
Nov 11, 2022
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FTX, cryptocurrency exchange once valued at $32 billion, filed for bankruptcy and CEO San Bankman-Fried resigned.
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Consumer price inflation in October slowed to 0.4% from the previous month and to 7.7% from a year ago. Annual core index eased to 6.3% from 6.5%.
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Benchmark indexes soared between 3% and 4% after October inflation eased to 7.7% annual rate.
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U.S. initial jobless claims rose 7,000 to 225,000 for the week ending November 5 and on a seasonally adjusted basis claims gained 19,054 to 205,027.
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Cryptocurrency exchange FTX, valued at $32 billion a few months ago, is likely to collapse after the rival Binance walked away from the rescue deal.
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The S&P 500 soared 5.5% and the Nasdaq Composite jumped 7.4%, best one-day gain since April 2020, after October inflation moderated to 7.7%.
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Gold jumped $49.50 or 2.9% to $1,755 an ounce after the dollar dropped the most against a basket of currencies in 13 years.
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ZipRecruiter soared after the company expanded its share repurchase program.
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Six Flags said attendance fell 33% to 8 million and per capita guest spending rose 17% to $61 in the third quarter.
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Eurozone retail sales in September increased 0.4% from August after struggling in previous three months.
Nov 10, 2022
Nov 8, 2022