Wall St Week Ahead: As tech swoon roils market, US inflation data on tap
Following a strong jobs report on Friday, Fed fund futures were suggesting a roughly 80% chance the central bank hikes at its December 8 to 9 meeting
Business
New Riyadh facility to boost Saudi farm produce
Saudi Arabia's Minister of Environment, Water and Agriculture has inaugurated a new agricultural processing and marketing facility in Riyadh, being developed by Leen Alkhair Trading Co. With an annual capacity of over 500,000 tonnes, this 29,000 sq. meter facility aims to enhance local produce usage, improve food supply chain efficiency, and cater to both consumers and the food service sector, with completion expected by September 30, 2027.
Business
Trader angst pivots from inflation to growth as tech rout deepens
Market bets on the US Federal Reserve and European Central Bank raising rates in December were less confident, a day after the tech-led Nasdaq index suffered its deepest one-day drop since April 2025
Business
Airlines bet that more premium offerings will boost profits
The strategy is expected to accelerate the shrinking share of coach class on many flights, with airlines envisioning as much as 70% of passengers paying for enhanced options