January Jobs Surge Underlines U S Economic Strength
The January 2024 government report shows America adding 353,000 jobs, wage growth at 0.6 percent month over month and 4.5 percent year over year, keeping unemployment at 3.7 percent. The surge may delay Fed rate cuts and reinforces investor confidence as President Biden touts economic stewardship.
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Big Tech lifts Wall Street to another record high
Wall Street closed higher as Meta Platforms and Amazon drove the S&P 500 and Nasdaq to new peaks amid a strong jobs report. Dow gained modestly while Russell 2000 fell. bond yields pressured stocks and fed into expectations on rate movements.
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Haley Stays in GOP Race Amid Downward Momentum
Haley refuses to concede as she trails Trump after losses in Iowa and New Hampshire. She vows to stay in the race with donor support and a campaign push targeting Trump’s weaknesses while facing GOP fears of harming his general election bid against Biden.
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Microsoft reports Russian hackers accessed leadership emails
Microsoft disclosed that state backed hackers from SVR gained access to a small portion of corporate accounts including leaders and cybersecurity and legal teams. They used a legacy test account and password spraying before removal of access around January 13. No evidence of customer environment or production system compromise.
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