STORY: Wall Street ended lower on Friday as investors assessed more data on inflation and awaited a 50 basis-point rate hike by the Federal Reserve next week.The Dow shed nine-tenths of a percent, while the S&P and Nasdaq each lost nearly three-quarters of a percent.U.S. producer prices rose slightly more than expected in November amid a jump in the costs of services, but the trend is moderating – with annual inflation posting its smallest increase in 1-1/2 years.Paul Kim is CEO and co-founder of Simplify ETFs."I think at this point, inflation is not some scary outlier. We have a fairly good grasp of the fact that it's hot. It's been running hot. It's still likely to run hot for a while, but that some of the biggest drivers that made it run hot is starting to slow down and cool down. So I think the sort of fear factor is gone and you see that and the levels of volatility coming in and just activity and volumes in the market coming down."Consumer prices data for November, due Tuesday, will provide fresh clues on the central bank's monetary tightening plans, which it will announce at its policy meeting next week.As for individual movers, Lululemon Athletica tumbled almost 13% after the Canadian athletic apparel maker forecast lower-than-expected holiday-quarter revenue and profit.Netflix gained 3.1% after Wells Fargo upgraded the video streaming giant to "overweight" from "equal weight."And Boeing climbed 0.3% after Reuters reported the plane maker plans to announce a deal with United Airlines for orders of the 787 Dreamliner next week.Wall Street's main indexes have fallen this week after logging two straight weekly gains. Weighing heavily on investors are fears of a potential recession next year due to extended central bank rate hikes.
STORY: French pharmacies will soon offerfree condoms to young adults Location: Nice, FranceIt comes after the country saw a rise in sexually transmitted diseases among young people in 2022The initiative will start on January 1but it only applies to those aged 18 to 25 Some feel that the age limit should be expanded (Mariila Martiniani, Pharmacist) “I think it’s a good step. Though condoms were free with a prescription, that didn’t work very well, doctors don’t prescribe them much. But what will younger people do? For sure, 18 to 25 year olds don’t have much money but I think younger people have even less so it would be good to expand it a bit.”
STORY: As the year comes to a close -- all eyes are set on what the world's top central banks will do next. Here are the business and finance stories to watch out for in the coming days.November's consumer inflation data will be released Tuesday -- followed by the Federal Reserve's last rate decision of 2022 on Wednesday.Fed Chair Jerome Powell has hinted that it's time to slow the pace of rate hikes.October's consumer price index report showed prices rose less than expected -- with signs of slowing inflation boosting equities and knocking down the dollar.Recent strong U.S. jobs data has rekindled inflation fears.It's super Thursday in Europe -- where central banks in the eurozone, Britain, Switzerland, and Norway all meet.The latest inflation numbers have raised hopes that eurozone pressures are finally abating.And markets feel confident that the European Central Bank will deliver a 50 basis point rate move on December 15th.But pipeline price pressures remain strong -- and Europe, Switzerland, and Norway are expected to jack up borrowing costs again.Britain's grim economic situation is unlikely to stop the Bank of England from raising borrowing costs again on Thursday.Economists polled by Reuters expect the central bank to raise its key rate to 3.5% -- despite a looming recession.Surging energy and food costs propelled consumer price inflation to a 41-year high in October.Wednesday's UK inflation data may hint at price rises having peaked -- following trends in Europe and the U.S.