The consumer price index continued a steady decline in October on the back of lower gasoline prices.
Inflation was flat in October from the prior month, core CPI hits two-year low
The CPI, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month.
Stocks making the biggest moves premarket: Fisker, Kraft Heinz, Home Depot and more
These are the stocks posting the largest moves in premarket trading.
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting inflation and that there is still a risk that prices pick up once again.
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.
Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation
GoCardless CEO Hiroki Takeuchi said that his firm was “very open minded” about the prospect of mergers and acquisitions.
Stocks making the biggest moves midday: Tesla, Warner Bros. Discovery, Boeing, HP and more
These are the stocks posting the largest moves midday.
Stocks making the biggest moves premarket: Tyson Foods, Boeing, Monday.com and more
These are the stocks posting the largest moves in early trading.
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The new Retail Monitor, debuting Monday, is a joint product of CNBC and the National Retail Federation based on real card data from Affinity Solutions.
A UNESCO World Heritage site with thousands of people living inside it
The 12th-century Jaisalmer Fort is a “living fort” lined with cafes, shops, hotels and homes that house the thousands of people who live inside it.