- U.S. wholesale inventories roe 1.6% in October.
- U.S. initial jobless claims in the week ending Dec. 3 fell 23,000 to 381,000.
- ECB cut lending rate to 1% from 1.25%.
- Jon Corzine, the former chief of bankrupt MF Global - the eighth largest bankruptcy filing in U.S. history -- has no idea where the missing money is.
- JPMorgan’s CEO doesn’t know what tax rate he pays
- The Bank of England held interest rates at 0.5% and decided against more easing for the economy but more quantitative easing is expected in 2012.
Six members of the Walton family, heirs to the (WMT) Walmart fortune, possess wealth equal to that of the entire bottom 30 % of Americans. This according to a new analysis by Sylvia Allegretto, a labor economist at the University of California at Berkeley.
YoY Chinese consumer inflation fell to 4.2% in November from 5.5% in October and well below the three year peak it reached in July.
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