PPI showed lower energy costs balanced out higher food costs; Tesla updating software in nearly all cars sold in U.S. over safety concerns; cargo ship carrying jet fuel faces missile attack; for the first time, U.N. climate summit agreement calls for reduction of fossil fuel use.
The consumer price index in November was 3.1%, modestly lower; Ukraine’s Zelenskyy in Washington for more war aid; U.N. climate summit goes into overtime amid rift over fossil fuels; Hasbro cuts jobs amid toy slump.
Fed officials are widely expected to end the year by keeping interest rates at current levels; Occidental Petroleum is buying fracker CrownRock; holiday travel to increase this year, AAA says; New Hampshire military chip factory first to get federal funding to increase capacity.
Employers added 200,000 jobs in November; consumer sentiment soars 13% higher; Taylor Swift’s Eras tour has grossed $1 billion in ticket sales, Pollstar says; Biden administration grants $8 billion for passenger rail projects.
New rules would allow seizure of some drug patents if prices are too high; initial unemployment claims remained steady last week; UAW claims progress in unionization effort at VW plant; National Retail Federation retracts organized shoplifting claim.