U.S. stocks, the dollar and bond yields rose, after data showed job creation slowed in December but wage growth accelerated.
Jobs Growth Slows, Wages Post Best Gain Since 2009
The unemployment rate ticked up to 4.7% in December, with U.S. employers adding a lower-than-expected 156,000 positions, but wage growth pointed to a tightening labor market more than seven years after the expansion began. 52
China Doubles Down on Defense of Yuan
China continued to squeeze the global market for the yuan, sending the cost of borrowing the currency in overseas markets soaring to a near-record high.
Brokers Once Disdained Advisers. Now They Copy Them
The distinction between independent financial advisers and Wall Street brokerages is blurring as big banks with brokerage outfits move to comply with new regulations and take back market share.
Trump’s Debts Are Scattered Across Wall Street
The debts of Donald Trump and his businesses are scattered across Wall Street banks, mutual funds and other financial institutions, broadening the tangle of interests that pose potential conflicts for the incoming president’s administration. 467
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