Marketplace Minute

Stocks rise; job gains outpace November’s; wage gains outpace inflation; service sector expands.

Job growth was better than expected in December; average hourly earnings grow 4.1%, outpacing inflation; services sector slows as consumers shift spending; FDA approves Florida plan to import Canadian prescription drugs.

Bankruptcies rose 18% in 2023; Red Sea attacks are causing spikes in transport costs; private employers added 164,000 jobs in December; Carrefour supermarket chain pulls PepsiCo products due to price increases.

Stocks fall; job openings have been falling over the last two years; Fed minutes show members think interest rates are at or near peak; manufacturing sector contracts.

November job openings totaled 8.8 million, little changed from October; Richmond Fed’s Barkin says no timetable for rate cuts; Maersk, Hapag-Lloyd pause Red Sea shipping again; Buffett tops list of charitable giving in 2023.

Stocks close lower; manufacturing construction up almost 60% year-over-year; manufacturers’ orders fall; optimism rises.

Barclays says Apple sales are likely to be sluggish; many EVs lose $7,500 tax credit; McKinsey agrees to near $80 million opioid settlement; nearly half the states implement minimum wage increases.

Falling oil prices, the pros and cons of L.E.D. bulbs, and the bumpy road to rooftop solar power took the top three spots.

S&P 500 is set for a gain of almost 25%; Nvidia stock this year benefited from AI excitement; mortgage rates fall to 6.6%, Freddie Mac says; U.S. extending tariff suspension on EU metal imports.