The annual rate of growth by consumer prices has unexpectedly slowed, according to data released by the Labor Department on Thursday. The Labor Department said consumer prices in November were up by 2.7 percent compared to the same month a year ago. The year-over-year price growth in November reflects a notable slowdown from the 3.0 percent surge in September.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined roughly in line with economist estimates in the week ended December 13th. The Labor Department said initial jobless claims fell to 224,000, a decrease of 13,000 from the previous week's revised level of 237,000. Economists had expected jobless claims to slip to 225,000.
Stocks are likely to move to the upside in early trading on Thursday, regaining ground after coming under considerable selling pressure over the course of the previous session. The major index futures are currently pointing to a notably higher open for the markets, with the S&P 500 futures up by...
Professional services company Accenture plc (ACN) reported Thursday weak profit in its first quarter, while adjusted earnings and top line beat market estimates. Further, the firm issued second-quarter revenue view, and trimmed fiscal 2026 earnings view on a reported basis. However, the firm maintained annual forecast for adjusted earnings and revenue growth.
The Bank of England lowered its benchmark rate for the fourth time this year as inflation is expected to fall back towards the target more quickly in the near term and signaled further reductions next year. The Monetary Policy Committee, governed by Andrew Bailey, voted 5-4 to reduce the bank rate by 25 basis points to 3.75 percent, which was the lowest since early 2023.
Report on consumer price inflation might be the highlight on Thursday. In the Asian trading hours, the dollar was broadly firm, while gold dipped slightly. Oil prices climbed on supply disruption concerns. Asian shares finished mostly lower, while European shares are trading broadly up. Initial...
G7 Foreign Ministers have called on China to release Hong Kong pro-democracy media tycoon and politician Jimmy Lai, who was found guilty under the controversial national security law. The Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the High...
The UK has committed to provide 600 million pounds worth of air-defense capabilities, including cutting edge turrets that can shoot down Russian drones to support Ukraine through the winter. The air defense package for Ukraine comes as Russia's aerial strikes plunges homes, hospitals, and power stations into darkness. The announcement came as UK Defense Secretary John Healey and his German coun
Humanitarian agencies working in the Occupied Palestinian Territory have warned that life-saving aid operations are on the brink of collapse unless Israel immediately lifts new barriers that are blocking access and forcing international charities to shut down. In a sharply worded statement, the Humanitarian...
A total of 14 Islamic State terrorists have been killed and 119 others detained in joint operations by U.S. and partner forces in Syria over the last six months. U.S. and partner forces in Syria have conducted nearly 80 operations since July to eliminate terrorists, including ISIS remnants, that posed...
U.S. Department of Transportation Secretary Sean P. Duffy has unveiled the nation's first ever Advanced Air Mobility National Strategy setting an ambitious roadmap to accelerate American aviation innovation and transform its skies for the better. The Strategy and accompanying action plan outline 40...
The European Commission has announced that it will issue up to 90 billion Euro worth of EU-Bonds in the first half of 2026, bringing outstanding EU-Bonds close to 800 Euros billion by the end of June 2026. The proceeds will be used to fund loans to EU Member States under the NextGenerationEU program...
European stocks were muted in lackluster trade on Thursday ahead of central bank decisions from the European Central Bank and the Bank of England. Traders also await key U.S.CPI data later in the day, followed by the Personal Consumption Expenditures price index on Friday, for additional clues on...
European stocks are seen opening a tad lower on Thursday as investors await key U.S. consumer price inflation data later in the day for fresh guidance on the outlook for interest rates. Meanwhile, the European Central Bank is expected to hold interest rates steady for its fourth meeting in a row...
Several small- and mid-cap stocks posted notable gains in Wednesday's after-hours trading session, even though most companies did not release fresh news. The movement was largely driven by investor sentiment and sector momentum. Spyre Therapeutics, Inc. (SYRE) closed the after-hours session at $34.71,...
December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.