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Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month from October, up from 0.3% the month before. Higher food prices pushed up the November wholesale inflation reading, which came in hotter than economists had expected.

(Bloomberg) -- Global oil markets face a glut next year despite last week’s decision by OPEC+ to delay supply increases, the International Energy Agency said. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamWorld markets will be oversupplied by a hefty 1.4 million barrels a day if the group

(Bloomberg) -- Swings in the US Treasury market have cooled off with the presidential election in the rearview mirror and as investors become more convinced that the Federal Reserve will cut interest rates.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA closely watched measure of expected

NEW YORK (Reuters) -Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut. The Dow Jones Industrial Average dipped, dragged by health insurers as U.S. lawmakers introduced a bill seen as crimping their profits. Five of the 11 major S&P 500 sectors advanced, led by gains in communication services, technology and consumer discretionary services.

Global shares and Wall Street indexes rose on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month. The dollar hit a two-week high, and gold prices rose. Oil prices finished up more than $1 after the European Union agreed to another round of sanctions threatening Russian oil.

(Bloomberg) -- US government bonds fell on Wednesday, failing to hold gains sparked by inflation data that were viewed as allowing the Federal Reserve to cut interest rates next week but leaving the longer-term outlook murky.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe selloff booste

(Bloomberg) -- Swings in the $29 trillion Treasury market have gotten smaller in reaction to fresh US inflation data, taking a back seat to labor market prints where volatility has accelerated.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamTwo-year Treasury yields increased by about 1 basi