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

Supreme Court To Weigh Reinstating Obamacare Care Requirements Struck Down By Lower Court

WASHINGTON (AP) — The Supreme Court agreed Friday to consider some reinstating preventative care coverage requirements under the Affordable Care Act that were struck down by a lower court. The case came before the high court after the 5th U.S. Circuit Court of Appeals sided with employers who argued they can’t be forced to provide…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