November payrolls rise 227000 amid mixed gains
The Labor Department says November added 227000 jobs, with unemployment at 4.2 percent and wages up 0.4 percent. Gains were concentrated in health care, leisure and hospitality, and government, while manufacturing rose 22,000 as strikes ended. Retail shed 28000 jobs.
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Jobs report sparks stock surge to record highs
U S stocks rose to records as a mixed jobs report suggested the labor market remains solid enough to support growth without igniting inflation fears. The S P 500 edged higher, the Dow slipped, and the Nasdaq hit a new high as traders priced in a Fed rate cut at the next meeting.
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Biden weighs preemptive pardons for Trump foes
President Biden weighs sweeping, preemptive pardons for officials and allies to shield them from potential investigations by a future Trump administration. Discussions are confidential, with no decisions made, amid fears of political retribution and expanded use of presidential power.
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Court upholds possible TikTok ban in U S appeals ruling
A DC Circuit panel unanimously upholds a law that could force TikTok to sever ties with ByteDance or face a January 2025 ban. The court rejects TikTok and ByteDance’s First Amendment challenge and notes the government acted to protect U S speech from a foreign adversary. TikTok and ByteDance plan to seek Supreme Court review, while a political lifeline via President-elect Trump is mentioned.
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