U S Adds 216000 Jobs in December Pushes Labor Pace
The December jobs report shows 216000 payroll gains, unemployment steady at 3.7 percent, and wages up 4.1 percent from a year earlier. It highlights a resilient labor market that may delay Fed rate cuts despite cooling inflation.
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Trump Organization Faces 370 Million Penalty in New York Civil Fraud Trial
New York lawyers ask for more than 370 million in penalties in the civil business fraud case against Donald Trump and the Trump Organization. The defense says the weeks of testimony showed no intent to defraud and claims misstatements were not material. Closings set for Thursday with Trump likely to attend. The suit seeks roughly 300 million plus interest, tied to allegedly inflated asset values and windfalls from property sales and loan/insurance terms.
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Carrefour Pulled PepsiCo Products Across Several EU Countries
Carrefour will stop selling PepsiCo items in France Belgium Spain and Italy over price increases for Lay’s Quaker Oats Lipton and Frito Lay brands. The move follows a new French law tightening price negotiations with suppliers with fines up to 5.5 million dollars for delays. PepsiCo says talks continue and will try to keep products available.
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