Highlights of the day

U.S. inflation fell to 7.1% in November from 7.7% a month earlier. Analysts had expected a decline to 7.3%. Falling energy and used car prices played a big role in the improvement in CPI. Indices are rising, hopes for a soft landing are coming to life.

Sam Bankman-Fried, founder of FTX, is charged with $1.8 billion in fraud. According to the act, Fried conspired with other exchange employees to misappropriate customer deposits to pay expenses and debts of Alameda Research. And he had been doing it since 2019.

Ilon Musk's SraceX offered the company's insider stock at $77 apiece. This indicates that the company's valuation has reached $140 billion, sources told Bloomberg.

Quote of the Day.

G7 promises to agree on additional sanctions against Russia - White House

It's important to know

Republican Senator Marco Rubio introduced bipartisan legislation banning the social networking site Tiktok in the United States.