Inflation slowed to a 3.1% annual rate in November
The consumer price index was expected to be flat in November and up 3.1% from a year ago, according to Dow Jones consensus estimates.
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Fed to start cutting rates midyear in 2024 with high chance of soft landing, CNBC Fed survey finds
Lower inflation, falling rates and a soft landing are in the cards, according to the respondents to the CNBC Fed survey.
Anger and frustration as COP28 draft text omits fossil fuel phaseout
The draft text for a COP28 climate deal that does not include the phasing out of fossil fuels has drawn widespread criticism.
Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more
The Federal Reserve's interest rate increases may slow economic growth for a decade or more, according to a recent estimate from San Francisco Fed economists.
U.S. pension funds heavily invested in China complicate Washington's crackdown, new analysis finds
U.S. efforts to clamp down on investments in China may be undermined by continued funding from some of the country's institutional investors, analysis shows.
UAW files unfair labor practice charges against Hyundai, Honda and Volkswagen
The UAW has filed unfair labor practice charges with the National Labor Relations Board against Honda, Hyundai and Volkswagen, the union said Monday.
'Wizard of Oz' dress could go up for big-money auction after judge tosses ownership lawsuit
The "Wizard of Oz" dress was expected to fetch as much as $1 million or more if sold at auction. The Catholic University of America says it is the legal owner.
Ford cuts planned 2024 production of electric F-150 Lightning in half
It marks a major reversal after Ford significantly increased plant capacity for the Lightning EV in 2023.
Trump special counsel asks Supreme Court to decide presidential immunity question in election case
The Supreme Court could have the final say on whether Donald Trump is protected from prosecution over his actions following the 2020 presidential election.
Amazon drone delivery executive who oversaw safety, FAA relations departs the company
Sean Cassidy, who served as the drone delivery unit's head of safety, flight operations and regulatory affairs, has left the company.
Cigna shares jump on reports of abandoned Humana buyout, plans for $10 billion stock buyback
Cigna said it will consider smaller, "bolt-on" acquisitions in the near term, but did not confirm the reports about its abandoned pursuit of Humana.
Patients regain weight after stopping Eli Lilly's Zepbound, study says
The data suggests that people have to stay on the weekly injection Zepbound if they want to maintain weight loss.
Macy's shares surge 21% after it receives $5.8 billion buyout offer
The offer values the retailer at $21 per share, according to the sources. Macy's closed at just over $17 a share on Friday.
Watch now: ETF Edge on 2024 - positioning for a recovery?
Former Rep. George Santos in plea deal talks with prosecutors, court filing says
George Santos, who was expelled from Congress early this month, is charged with multiple criminal charges in New York federal court.
Apple releases new Journal app as part of its latest iPhone update. Here's what it's like
The Journal app is one example of how Apple continues to invest in new iPhone features on a yearly basis.
More than 15% of teens say they're on YouTube or TikTok ‘almost constantly’
A new Pew Research Center study finds that more than 15% of teens say they're on YouTube or TikTok "almost constantly."
Bernie Madoff victims get $159 million from Ponzi recovery fund in latest payout
The announcement laid bare the impact of Madoff's nearly $65 billion scam 15 years after his arrest — and more than two years after his death in prison.
Treasury yields inch higher ahead of Fed meeting
U.S. Treasury yields were fractionally higher on Monday investors look ahead to this week's Federal Reserve policy meeting.
Microsoft partners with labor groups to quell concerns about AI taking jobs
The partnership comes as Microsoft and other AI providers face increased pressure from labor groups and regulatory bodies over how AI will displace workers.
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