Strong job growth could lift costs for purchases and loans
U.S. payrolls rose by 256,000 in the latest month, unemployment fell to 4.1 percent, and big gains in health care and retail accompanied government hiring. The report signals ongoing growth amid higher rates, potentially limiting Fed rate cuts and keeping prices for homes, appliances, and other items higher. The full year 2024 added 2.2 million jobs, continuing a postpandemic expansion though easing from 2021–2023 peaks.
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Dunkin Stores In Nebraska Report Doughnut Shortage
Across Nebraska, New Mexico and other states Dunkin stores ran out of doughnuts with signs blaming a manufacturing error. In Omaha Lincoln and Grand Island doughnuts were unavailable on Thursday and Friday though some locations offered Munchkins. Executives cited a single supplier issue affecting about 4 percent of U S Dunkin locations as restocking begins.
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Trump amends business ethics code for private foreign deals
NEW YORK The Trump family business released a voluntary ethics agreement permitting deals with private foreign companies while baring direct deals with foreign governments. The move marks a shift from eight years ago and includes safeguards like hiring an outside ethics adviser to vet deals and donate profits from foreign government spending at properties to the U.S. Treasury.
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Wall Street tumbles as jobs data stuns markets
Wall Street slid Friday as a stronger than expected December jobs report hinted at higher inflation and persistent rates. The S&P 500 fell 1.5 percent, the Dow dropped 696 points, and the Nasdaq shed 1.6 percent, amid higher bond yields and cautious investor sentiment.
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