In November, Wall Street's primary indices rebounded after three months of weakness. The easing of US inflation suggested that stubbornly high prices were loosening their grip on the economy. The softer-than-expected consumer price index also boosted confidence in the market that the Federal Reserve would end its rate-hiking cycle soon. These developments point to the possibility of a soft landing for the US economy with...

Oil prices were little changed on Thursday as investors eagerly awaited the outcome of an anticipated OPEC+ meeting that could lead to deeper supply cuts in 2024.
Brent crude futures for January climbed 70 cents to $83.80 a barrel by 0935 GMT, on subdued volumes given the contract is meant to expire today. The more active February contract was up 58 cents at $83.46 a barrel.
Meanwhile, U.S. West Texas Intermediate crude futures crept up 55 cents at...

In November 2023, U.S. new vehicle sales totaled 1,242,376, which was a 2.6% increase from October 2023 and an 8.8% increase from November 2022.
While passenger car sales decreased by 1.7% to 250,316 units, resulting in a 20.0% market share, SUV and truck sales increased by 11.8% to 992,060 units, making up an 80.0% market share. Overall, the vehicle seasonally adjusted annualized sales ...