U.S. Stock Indexes Rebound From Early Losses
Stocks came roaring back, with the Dow industrials rising more than 600 points in afternoon, but the gains won't prevent major U.S. indexes from ending the week lower.
Republicans Float Novel Plan to Avert Government Shutdown
House Speaker Mike Johnson planned to huddle with rank-and-file GOP members to lay out a plan to avert a government shutdown at midnight, while reopening communications with Democrats.
PCE Inflation Lighter Than Expected in November
The Federal Reserve's favored measure of inflation showed prices increased 0.1% in November and 2.4% over the past 12 months, the Commerce Department said Friday.
Cocoa Prices Tripled in 2024. Climate Change May Keep Them High
Unprecedented extreme weather boosted prices of cocoa, coffee and orange juice to new records in 2024 - and they're showing signs of going even higher in 2025.
Consumer Confidence Climbs Driven by Republican Sentiment
Consumer confidence in the U.S. jumped this month, matching economists' expectations, as buying conditions improved, though with enduring differences down party lines.
Canada's Trudeau Is Losing Grip on Power as Allies Turn Against Him
The prime minister's hold on power grew more tenuous as the NDP, which has been propping up his minority government, said it was withdrawing its support.
Cleveland Fed's Hammack Says Dissent Was 'Close Call' but Policy Should Stay Restrictive
Cleveland Fed President Beth Hammack said that her vote in favor of skipping a rate cut at the central bank's meeting this week was based on her view that monetary policy needs to stay restrictive to control inflation.
Canada Retail Sales Cooled in November After Growing in October
An advance estimate indicates sales were flat in November after rising for the fourth straight month in October.
Trump Warns Europe to Buy More U.S. Oil and Gas or Face Tariffs
The president-elect's threat to impose tariffs on European imports could frame early discussions between European leaders and his administration.
Russian Central Bank Surprises by Leaving Key Rate at 21%
Russia's central bank left its key interest rate unchanged as it struggles to contain a surge in inflation driven by the diversion of men and material to prosecute Vladimir Putin's invasion of Ukraine.
(END) Dow Jones Newswires
December 20, 2024 15:00 ET (20:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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