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yields drifted lower in choppy trading after data showed underlying inflation in the world's largest economy came in line with expectations, reinforcing expectations the Federal Reserve will hold rates steady at the end of the two-day policy meeting this week. The decline in yields, however, was much steeper immediately after the release of the data. In morning trading, the benchmark U.S.

Shelter costs continued to be the largest contributor to core inflation throughout the month, as prices increased 0.4% in November.

Google is gearing up to upgrade its Messages app with a feature that has become a standard in messaging platforms like WhatsApp and iMessage. Recent reports suggest that the American tech giant may soon roll out a message-editing feature, allowing users to make changes to sent texts. While the company has not officially confirmed this development, clues from the beta version of the app indicate a potential shift toward a more user-friendly messaging experience.

Travis Kelce is said to be preparing an extravagant celebration for Taylor Swift's upcoming 34th birthday, aiming to throw the ultimate party for the 12-time Grammy winner. According to a source speaking to US Weekly, it appears that «money is no object» when it comes to signing the deal.

Taylor Swift has made a donation of $1 million to the Tennessee Emergency Response Fund at the Community Foundation of Middle Tennessee for relief work following devastating tornados in the state on Swift Community foundation CEO Hal Cato confirmed Swift’s contribution. The organization monetarily supports non-profits that indulge in relief work and rehabilitation following a disaster.

Also Read: US Federal Reserve December Meet: See date, timing, and schedule details here An upbeat US jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March. The US consumer Price Index (CPI) report. Economists polled by Reuters expect US headline inflation to be flat for November and core inflation to be steady at an annual pace of 4 per cent - well above the Fed's 2 per cent target.

WASHINGTON : A looming election rematch next year between US President Joe Biden and his predecessor Donald Trump would be closely fought, a new Reuters/Ipsos poll found, with both candidates saddled with profound vulnerabilities that could cost them the White House. Biden, an 81-year-old Democrat, continues to be plagued by voters' doubts about the strength of the economy, as well as concerns about the security of the US-Mexico border and worries about crime. Republican former President Trump, 77, faces his own worries, including four criminal trials on a bevy of charges related to his attempts to overturn the 2020 presidential election and his handling of classified documents.

From Washington to Frankfurt to London and beyond, central bankers are approaching their final decisions of the year against a backdrop of unease at how the global inflation cycle is turning.

By Nadine Awadalla and Terje Solsvik

Following Friday’s stronger US data, both gold and silver slumped to close the week sharply lower, even if the former had hit a new record high at the start of last week and the latter reaching its best level since May. The metals broke down as the dollar and bond yields rebounded after a stronger jobs report and consumer sentiment data pushed back expectations for the Fed’s first rate cut. The focus is now turning to the upcoming release of US CPI today and the FOMC meeting on Wednesday.

Carson Group chief market strategist Ryan Detrick discusses whether the stock market will see good returns in an election year on 'Making Money.'

The PRA said the requirements will be 'low' and result in an average increase in Tier 1 capital requirements for UK firms of around 3% once fully phased in.

Nick Train said he was sticking with the stock: 'On balance, we do not believe the warning about Latin America invalidates the investment case for Diageo, frustrating though it is."

Since 31 October, the trust’s NAV is up 11.1% compared to a 10.1% rise for the index.

Alexei Navalny. It was recently reported that allies of the jailed Russian opposition leader Alexei Navalny said that they had been unable to locate Navalny for six days, and that he had likely been transferred to another facility. "We are talking about a prisoner who was found guilty by the law and is serving the prison sentence he received.

cryptocurrency, fell 4% to $42,167 in Monday's trade, influenced by profit-taking among investors. The largest token declined as much as 5.7% from Friday's high of $44,705. Meanwhile, Ethereum, the second largest cryptocurrency, tanked nearly 5% to $2,236 at 10.56 am. The global cryptocurrency market cap also plunged 3.74% to around $1.58 trillion in the last 24 hours. Other popular altcoins like Toncoin and Chainlink plunged 9% and 8.5%, respectively. Also, XRP, BNB, Solana, Cardano, Dogecoin, Tron, Polkadot, Polygon, Litecoin, and Shiba Inu declined 2-7%. On the other hand, Avalanche rose over 5%. The abrupt market movement seems to be more of a correction or profit booking, considering BTC's eight consecutive weekly candle closures in the green, said CoinDCX Research Team.

Bitcoin delivered another bout of its notorious volatility in a sharp tumble toward $40,000 amid a broader crypto selloff. The largest token sank as much as 7.5% to $40,521 before paring some of the losses to trade 4% lower at $42,095 as of 11:12 a.m. in Singapore on Monday. Smaller tokens like Ether, XRP, Polkadot and Avalanche also fell. A gauge of the largest 100 digital assets shed about 4%, the largest drop since Nov. 22.

Debtors of FTX have raised concerns over the Internal Revenue Service’s (IRS) claim of $24 billion in taxes, warning that it could impede the return of customer funds. 

Netflix is set to pull ahead of Disney+ in the race for U.S. advertising dollars next year as price hikes and a password-sharing crackdown pull more viewers to its ad-supported plan, an Insider Intelligence report projected. The streaming pioneer's ad revenue will likely jump 50.3% to about $1 billion next year, the report — exclusively shared with Reuters — showed.

Also Read: Nuvama bullish on tier-2 IT stocks, LTIMindtree among its top picks; here's why The brokerage said the management’s strategy has resulted in 15–18% YoY growth in key accounts, a 30.2% c/c YoY increase in order intake (ttm basis), and US$100 million in large deal signings in 1HFY24, with the large deal pipeline remaining at a historical high. Cyient is transitioning to a customer-obsessive organisation, strengthening CXO connections, and positioning itself as a strategic partner for clients in their digital transformation journey through its DTAG (Digital & Technologies Advisory Group), Kotak highlighted.

Retail inflation likely rose near 6% in November; should investors be worried? Besides, investors also await India's industrial production prints for October. The index of industrial production, or IIP, may come at 10 per cent against 5.8 per cent in September.