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The S&P 500 finished slightly lower after the jobs report

The S&P 500 finished slightly lower after the jobs report

Job growth exceeds expectations Unemployment rate stable at 3.7% Ford falls into lower vehicle sales in November Dow Jones up 0.1%, S&P 500 down 0.12%, Nasdaq down 0.18% NEW YORK (Reuters) – The S&P 500 closed slightly lower on Friday, despite major indexes rallying from their worst levels of the day, as the November payroll …

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Wall Street’s biggest banks cut bonuses by up to 30%

Wall Street’s biggest banks cut bonuses by up to 30%

(Bloomberg) — Across Wall Street, this year’s grim projections for bankers’ bonuses are quickly validating, as a downturn in deal-making ends the industry’s war for talent and companies regain the upper hand in setting wages. Most Read from Bloomberg JPMorgan Chase & Co. and Bank of America Corp. and Citigroup Inc. is evaluating plans to …

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Home write-offs hit a record high as mortgage rates and home prices continued to rise

Home write-offs hit a record high as mortgage rates and home prices continued to rise

Dolly Lenz Real Estate CEO Dolly Lenz and Managing Director Dolly Lenz Real Estate discuss how high inflation affects home sales and mortgage rates on “The Claman Countdown.” A record number of homes have been taken off the market in recent weeks as buyers and sellers continue to slump amid rising interest rates and soaring …

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Live Stock Market News Updates: Stocks are little changed after the strong jobs report

Live Stock Market News Updates: Stocks are little changed after the strong jobs report

US stocks closed mixed after stumbling between small gains and losses on Friday as stronger-than-expected jobs data led investors to reset expectations about when the Federal Reserve will halt its campaign to raise interest rates. The Labor Department’s monthly jobs report for November showed that payrolls grew by 263,000, higher than expected, while unemployment held …

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November jobs report details: Which industries hired the most workers?

November jobs report details: Which industries hired the most workers?

The economy added 263,000 jobs in November. Sheryl Kazon, FOX Business, with more. US job growth came in stronger than expected in November as a surge in hiring in bars and restaurants helped offset losses in retail payrolls. The bosses Adding 263,000 jobs In November, the Labor Department said in its monthly payroll report released …

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“A lot of people will see less money in their pockets.”  Here are the tax changes to know for 2022

“A lot of people will see less money in their pockets.” Here are the tax changes to know for 2022

Tom Werner | Digital Vision | Getty Images Some tax breaks have been reduced Certified financial planner Cecil Staton, president and wealth advisor at Arch Financial Planning in Athens, Georgia, explained that one possible reason for a smaller tax refund is the child tax credit and the reduced child and dependent care tax credit for …

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The US job market ignores recession fears.  The Fed keeps on tightening

The US job market ignores recession fears. The Fed keeps on tightening

Nonfarm payrolls increased 263,000 in November Unemployment rate stable at 3.7%; Participation rate drops average hourly earnings up 0.6%; 5.1% increase year-on-year WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing recession fears, but that probably won’t stop the Federal Reserve from slowing the pace of interest …

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Ford is second in electric vehicles behind Tesla — but the gap is still wide

Ford is second in electric vehicles behind Tesla — but the gap is still wide

Ford F-150 Lightning pickup trucks roll down the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Bogliano | Getty Images Detroit – Ford Motor It said on Friday that it had achieved CEO Jim Farley’s goal of becoming the second-best-selling electric vehicle maker in the United …

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