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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Jan 07, 2023
Page
13
December added 223000 jobs while unemployment fell to 3.5 percent, a 53 year low. Pay growth slowed to 4.6 percent over 12 months, signaling softer inflation pressures as the Fed continues aggressive rate increases.
Wall Street finished with broad gains after a choppy start as mixed U.S. data spurred bets inflation is cooling and the Fed may ease rate hikes. The S&P 500 rose 2.3 percent, Dow 2.1 percent, Nasdaq 2.6 percent, and the Russell 2000 up 2.3 percent. Wage growth slowed to 4.6 percent in December, easing fears of accelerating inflation while services activity unexpectedly contracted, suggesting demand cooled amid rate increases.
Florida lawmakers publish a notice indicating proposed legislation to alter the Reedy Creek Improvement District that governs Walt Disney World. The move follows Gov. Ron DeSantis and Republicans pledging tighter state oversight and denying district debts to local counties. The bill details remain to be filed and the Legislature convenes in March.
Israeli security researcher Alon Gal of Hudson Rock warns that 235 million Twitter email addresses were exposed in a prior breach. The leak enables targeted phishing and doxxing while passwords were not leaked. two factor authentication and separate Twitter email use are advised. FTC scrutiny and Musk-era security concerns add to fresh headaches for the platform.
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