Wall Street is bracing for November's key inflation report and the beginning of the Federal Reserve December policy meeting.
in the U.S. state of Kansas. TC Energy has yet to confirm a timeline for restarting the pipeline.Sam Bankman-Fried was arrested by authorities in the Bahamas on Monday after United States prosecutors filed charges against the former crypto billionaire and FTX founder.
Bahamas Attorney General Ryan Pinder said the U.S. had criminal charges against the former FTX CEO, who stepped down from his position after his crypto trading firm imploded, and is "likely to request his extradition."— MacKenzie Sigalos, Rohan GoswamiDon't be surprised if the market stays rangebound in the near term, according to Truist's Keith Lerner.
"We have this tug of war," he told CNBC's "Closing Bell: Overtime" on Monday. "Positioning is relatively light, sentiment is still negative, but I think most of us are looking ahead and seeing macro challenges." If there's a solid print, Lerner views a potential 4% to 5% upside for the market, although he perceives the risk-reward as unfavorable over the next six to twelve months.— Samantha Subinadded about 2% postmarket after surpassing analysts' expectationsOracle posted a beat on the top and bottom lines, sharing earnings of $1.21 a share on $12.28 billion in revenue. Analysts surveyed by Refinitiv expected earnings of $1.18 a share on revenues of $12.05 billion.
The company's overall revenue grew 18% on a year-over-year basis, while infrastructure revenue surged 53%.Futures tied to the Dow Jones Industrial Average traded flat, while S&P 500 and Nasdaq 100 futures traded 0.09% and 0.07% lower, respectively.
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