Pending home sales were unchanged in November; Boeing urges MAX inspections over loose bolt, FAA says; senators urge Tesla to issue recalls after report of defective parts; initial jobless claims remain low, totaling 218,000 last week.
Stocks close up; NYT says AI platforms copy content without permission; small businesses unhappy with interest rates; Amazon will charge extra for ad-free video.
The Times says ChatGPT is using and copying its content without payment; Holiday spending rose 3.1%, MasterCard says; U.S. purchasing 3 million barrels of oil to replenish strategic reserve; More shipping companies are returning to the Red Sea after increased protection.
Maersk cited a new multi-navy coalition intended to protect cargo ships; a federal judge rules X violated bonus pledge to employees; home prices rise more than 6% in October; diesel engine-maker Cummins to pay $1.7 billion fine over claims of emissions cheating.
The Fed’s preferred inflation gauge slowed to 2.6% in November; mortgage rates decline, with the 30-year fixed at 6.8%; capital goods orders jump 17% in November; more shippers say they will avoid Red Sea after missile attacks.
More E.U. aid remains blocked by Hungary, as U.S. Congress deadlocks over further support; Red Sea missile attacks raise cargo prices by 10%; initial jobless claims total 205,000; Wells Fargo branch employees first to unionize at a major U.S. bank.
