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Dollar Dips As Soft U.S. Inflation Data Reinforces Slower Rate Hike Bets

Dollar Dips As Soft U.S. Inflation Data Reinforces Slower Rate Hike Bets

The U.S. dollar lost ground against its major counterparts in the European session on Tuesday, as the nation's consumer inflation slowed more than expected in November, supporting expectations for a slowdown in the pace of rate hike at the U.S. Federal Reserve's monetary policy meeting ending tomorrow.
RTTNews | 782日前
U.S. Consumer Prices Inch Slightly Higher In November, Annual Growth Slows

U.S. Consumer Prices Inch Slightly Higher In November, Annual Growth Slows

Consumer prices in the U.S. inched up by less than expected in the month of November, according to a highly anticipated report released by the Labor Department on Tuesday. The Labor Department said its consumer price index crept up by 0.1 percent in November after climbing by 0.4 percent in October. Economists had expected consumer prices to rise by 0.3 percent.
RTTNews | 782日前
Crown Holdings Says Icahn To Support All Its Nominees For Election At 2023 AGM

Crown Holdings Says Icahn To Support All Its Nominees For Election At 2023 AGM

Crown Holdings, Inc. (CCK) announced Tuesday that it has entered into an agreement with Icahn Enterprises L.P., whereby Jesse Lynn and Andrew Teno, General Counsel of Icahn Enterprises and Portfolio Manager of Icahn Capital, respectively, will join the Company's Board of Directors, effective immediately.
RTTNews | 782日前
German Economic Confidence Recovers On Lower Inflation Expectations

German Economic Confidence Recovers On Lower Inflation Expectations

German economic sentiment strengthened in December to its best level in 10 months amid hopes of falling inflation and a temporary easing in the energy markets, a monthly survey conducted by the Mannheim-based research institute ZEW revealed on Tuesday.
RTTNews | 782日前
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Elon Musk 'baaaack' With Twitter Blue Subscription Service

Elon Musk 'baaaack' With Twitter Blue Subscription Service

Elon Musk's Twitter has relaunched its paid premium subscription service 'Twitter Blue,' after holding a while for updating and verification of fake accounts. New subscriptions to Twitter Blue are currently available on the web only in the U.S., Canada, Australia, New Zealand, and the U.K., with plans to expand. Twitter said it is piloting a new service called Twitter Blue for Business.
RTTNews | 782日前
Dollar Drops Following U.S. CPI

Dollar Drops Following U.S. CPI

Following the release of U.S. CPI for November at 8.30 am ET Tuesday, the greenback declined against its major counterparts.
RTTNews | 782日前
Dollar Mixed Ahead Of U.S. CPI

Dollar Mixed Ahead Of U.S. CPI

At 8.30 am ET Tuesday, U.S. CPI for November is set for release. Ahead of the data, the greenback traded mixed against its major counterparts. While it dropped against the pound and the yen, it held steady against the euro and the franc.
RTTNews | 782日前
Bay Street Likely To See Positive Start

Bay Street Likely To See Positive Start

Higher Canadian and U.S. futures, firm commodity prices and steady European stocks point to a positive start for the Canadian market on Tuesday.
RTTNews | 782日前
Stellantis Recalls About 1.23 Mln Pickup Trucks For Issues With Certain Tailgate Latching Components

Stellantis Recalls About 1.23 Mln Pickup Trucks For Issues With Certain Tailgate Latching Components

Stellantis N.V. (STLA), formed by the merger Fiat Chrysler Automobiles N.V. and France's Peugeot S.A., announced Tuesday a voluntary recall of an estimated 1.23 million pickup trucks to inspect and realign, as needed, certain latching components on their tailgates. The recall is limited to certain model-year 2019-2022 Ram 1500, 2500 and 3500 pickups. The company said vehicles equipped with Ram's multifunction tailgate and Ram 1500 Classic pickups are unaffected. Vehicles equipped with sensors that alert drivers to insecure tailgates are also excluded.
RTTNews | 782日前
Bank Of England To Slow Rate Hikes Ahead Of 'Prolonged' Recession

Bank Of England To Slow Rate Hikes Ahead Of 'Prolonged' Recession

The Bank of England is likely to shift the gear down on interest rate hikes this week as the economy enters a 'prolonged' recession and inflation is seen slowing towards the 2 percent target in two years' time. Markets have penciled in a 50 bps rate hike, after the central bank delivered a 75 bps increase in November, which was the biggest in 33 years.
RTTNews | 782日前

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