NEWSLETTER - DEC 4, 2022
Key inflation measure that the Fed follows rose 0.2% in October, less than expected
The core personal consumption expenditures price index rose 0.2% in October, slightly below the estimate. The index increased 5% year over year.
The core personal consumption expenditures price index rose 0.2% in October, slightly below the estimate. The index increased 5% year over year.
Weekly jobless claims totaled 225,000, a decline of 16,000 from the previous week and below the 235,000 estimate.
Weekly jobless claims totaled 225,000, a decline of 16,000 from the previous week and below the 235,000 estimate.
Sourced from CNBC
HSBC eyes bumper dividend from $10 billion sale of Canada business to RBC
HSBC, which once billed itself as the world’s local bank and built a global network of retail banking businesses, has in recent years been cutting those back in a bid to improve profits.
The disposals have accelerated amid pressure from its biggest shareholder Ping An Insurance Group, which has urged HSBC to split off its Asian business to boost returns.
Sourced from CNBC
Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide
Ford topped South Korean automaker Hyundai to achieve the goal, but it remains a distant second to industry-leader Tesla.
Tesla has dominated U.S. EV sales, but its market share is decreasing as new electric vehicles enter the market.
Ford reported its EV sales as part of its November results, which were off 7.8% from a year earlier.
Sourced from CNBC
