Surging Job Market Could Prove Costly For Households, Businesses As Odds Of Quick Rate Cuts Fade

WASHINGTON (AP) — U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates. The Labor Department reported Friday that job growth was up last month from 212,000 in November. The unemployment rate dropped to 4.1% from 4.2% in November. (Copyright…MORE

Walgreens Tops Wall Street’s Expectations As Drugstore Chain Continues Turnaround Plan

Walgreens booked a better-than-expected fiscal first quarter and gave Wall Street some positive vibes on the drugstore chain’s plan to revive its struggling business. Company shares soared Friday after leaders told analysts they have made progress improving one of the biggest concerns facing the industry, shrinking prescription reimbursement, and said their U.S. store-closing plan was…MORE

Latest NFL Season Highlights Financial Risks For Sports Betting Companies When So Many Favorites Win

NEW YORK (AP) — It’s been a tough football season for sports books. FanDuel and its key rival DraftKings have both showed investors that the house can indeed lose, or at least lose more than anticipated, when so many favorites win. FanDuel’s parent company, Flutter Entertainment, and DraftKings have both warned investors about more payouts…MORE

Ohio State beats Texas 28-14 in the Cotton Bowl to advance to the College Football Playoff championship

ARLINGTON, Texas (AP) — Quinshon Judkins ran for two touchdowns before Jack Sawyer forced a fumble by his former roommate that he returned 83 yards for a clinching TD as Ohio State beat Texas 28-14 in the Cotton Bowl on Friday night to advance to a shot for their sixth national title. Led by Judkins…MORE

Wildfires Rage on in California

(WBAP/KLIF) — AP — Firefighters are hoping for a break Friday from the fierce winds that have fueled massive blazes in the Los Angeles area, killing 10 people, obliterating whole neighborhoods and setting the nation’s second-largest city on edge. On Thursday afternoon, the Kenneth Fire started in the San Fernando Valley. It moved into neighboring…MORE

President-Elect Trump Sentenced in Hush Money Case

(WBAP/KLIF) — AP — President-elect Donald Trump was formally sentenced Friday in his hush money case, but the judge declined to impose any punishment. The outcome cements Trump’s conviction while freeing him to return to the White House unencumbered by the threat of a jail term or a fine. Speaker of the House Mike Johnson…MORE

There is no custom code to display.