Federal Reserve Chairman Powell said that if inflation needs to be lowered, the Fed will raise interest rates again, speculating on when it may be premature to relax policies.
The US Department of Energy stated that the United States is seeking to repurchase up to 3 million barrels of oil for delivery in February as part of its strategic reserves.
The US District of Columbia Circuit Court of Appeals ruled that former President Trump must face civil litigation related to the Capitol riot and rejected claims of immunity for Trump.
Credit rating agency Fitch Ratings announced an upgrade in Greece’s rating to BBB-, with a stable outlook.
Uber will be included in the S&P 500 index, and its stock price rose by 4% after hours. Jabil and Builders FirstSource will also be added to the S&P 500 index.
OpenAI has postponed the release date for its customized GPT Store until early 2024.
South Korea’s first military reconnaissance satellite developed independently was launched from Vandenberg Space Force Base in California, USA at 10:19 am local time on December 1st.
Walmart, the largest retailer in the United States, announced that it has stopped advertising on social media platform X.
The US Treasury Department issued a statement announcing three tankers being frozen assets and imposing sanctions on their shipowners due to carrying Russian crude oil at prices above the upper limit.
The U.S House of Representatives voted to expel New York State Representative George Santos, making him the sixth member expelled from Congress in U.S history.
The Ministry of Internal Affairs and Administration of Poland announced an extension of temporary border controls with Slovakia for another 30 days.
Chilean Copper Commission stated that Codelco produced 128 thousand tons copper in November, achieving best monthly performance so far this year.
U.S stocks collectively closed higher, with the Dow rising 0.82% and a weekly increase of 2.42%. The Nasdaq rose 0.55%, with a weekly increase of 0.38%. The S&P 500 index rose by 0.59%, with a weekly increase of 0.77%. Both the Dow and the S&P 500 index reached new closing highs for this year. Popular Chinese concept stocks generally fell, with the Nasdaq Golden Dragon China Index falling by 1% and a cumulative decline of 4.06% for the week.
COMEX February gold futures settlement price rose by 1.58%, reaching $2089.7 per ounce, setting a new record high for closing prices in main contracts.
WTI crude oil futures settlement price fell by -2.49%, reaching $74.07 per barrel, with a cumulative decline of -1.94% for the week; Brent crude oil futures settlement price fell by -2-45%, reaching $78-88 per barrel, with a cumulative decline of -2% for the week