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Shell Plc’s previously agreed sale of its stake in the Schwedt refinery, a plant that supplies much of eastern Germany with fuel, has fallen through.
The US Federal Aviation Administration imposed a month-long ban on drones flying over critical infrastructure in New York, a day after announcing the same measure for New Jersey.
The Federal Reserve’s preferred measure of underlying inflation saw the slowest monthly advance since May. The so-called core personal consumption expenditures price index, which excludes food and energy items, increased 0.1% from October and 2.8% from a year earlier, according to Bureau of Economic Analysis data out Friday. Michael McKee has the details.