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Wall Street rallied on Friday amid hopes that inflation will recede and the Federal Reserve may ease up on its interest rate hikes, following a positive hiring report and mixed data on the U.S. economy.The SP 500 closed 2.3% higher after a shaky start mdash; marking its first winning week in the last five. The Dow Jones Industrial Average rose 2.1% and the tech-heavy Nasdaq composite added 2.6%. Markets worldwide got an initial jolt from the hiring report for December. On the upside, it showed workers pay gains slowed last month, which could mean easing pressure o stanley cup n the nation s high inflation. On the downside, stanley cup it also showed that hiring remained strong and unemployment fell, making the market too tight for the Fed s liking. MoneyWatch: Financial predictions for 2023 04:45 The December employment data has the makings of the beginning of a Goldilocks environment for risk assets, said Alexandra Wilson-Elizondo, head of multi-asset retail investing at Goldman Sachs Asset Management, in an email. She added, The deceleration in average hourly earnings and an unemployment rate of 3.5% should dampen some of the stanley cup market s fears of a recession and an overly aggressive Fed. The decline in the jobless rate came along with an increase in the share of America Njyi Chicago man runs charity to help get carjacking victims back on the road
PHOENIX -- A Tucson man has been arrested for threatening to commit acts of terrorism on Arizona government buildings.A spokeswoman for the Arizona Attorney General s Office said Mahin Khan appeared before a Phoenix judge Saturday morning. He was ordered held without bond in Maricopa County Jail.CBS affiliate KPHO reported Khan, who just turned 18, was arrested at his home in Tucson on Friday. Spokeswoman Mia Garcia told CBS News Khan faces two counts of conspiracy to commit terroris crocs m and terrorism. He is accused of conspiring to carry out terrorism acts on government buildings in Phoenix and Tucson.Garcia declined to give further details, saying Khan s court records are currently sealed. She said no additional suspects were being sought. The Arizona Attorney General s Office is working closely with federal authorities to keep Arizonans safe, Garcia told KPHO. We are not aware of any threats Khan made that involve the 4th of July holiday weekend. The FBI believes there is no specific and credible threat information about possible attacks in the U.S. as we enter the July 4th holiday, yeezy Jill McCabe, a public affairs specialist for the FBI in Phoenix, told CB stanley cup S News in a statement.Garcia did not know if Khan had retained an attorney. A message left at a phone number listed for Khan was not immediately returned. Terrorism In The U.S. Mo
Wall Street rallied on Friday amid hopes that inflation will recede and the Federal Reserve may ease up on its interest rate hikes, following a positive hiring report and mixed data on the U.S. economy.The SP 500 closed 2.3% higher after a shaky start mdash; marking its first winning week in the last five. The Dow Jones Industrial Average rose 2.1% and the tech-heavy Nasdaq composite added 2.6%. Markets worldwide got an initial jolt from the hiring report for December. On the upside, it showed workers pay gains slowed last month, which could mean easing pressure o stanley cup n the nation s high inflation. On the downside, stanley cup it also showed that hiring remained strong and unemployment fell, making the market too tight for the Fed s liking. MoneyWatch: Financial predictions for 2023 04:45 The December employment data has the makings of the beginning of a Goldilocks environment for risk assets, said Alexandra Wilson-Elizondo, head of multi-asset retail investing at Goldman Sachs Asset Management, in an email. She added, The deceleration in average hourly earnings and an unemployment rate of 3.5% should dampen some of the stanley cup market s fears of a recession and an overly aggressive Fed. The decline in the jobless rate came along with an increase in the share of America Njyi Chicago man runs charity to help get carjacking victims back on the road
PHOENIX -- A Tucson man has been arrested for threatening to commit acts of terrorism on Arizona government buildings.A spokeswoman for the Arizona Attorney General s Office said Mahin Khan appeared before a Phoenix judge Saturday morning. He was ordered held without bond in Maricopa County Jail.CBS affiliate KPHO reported Khan, who just turned 18, was arrested at his home in Tucson on Friday. Spokeswoman Mia Garcia told CBS News Khan faces two counts of conspiracy to commit terroris crocs m and terrorism. He is accused of conspiring to carry out terrorism acts on government buildings in Phoenix and Tucson.Garcia declined to give further details, saying Khan s court records are currently sealed. She said no additional suspects were being sought. The Arizona Attorney General s Office is working closely with federal authorities to keep Arizonans safe, Garcia told KPHO. We are not aware of any threats Khan made that involve the 4th of July holiday weekend. The FBI believes there is no specific and credible threat information about possible attacks in the U.S. as we enter the July 4th holiday, yeezy Jill McCabe, a public affairs specialist for the FBI in Phoenix, told CB stanley cup S News in a statement.Garcia did not know if Khan had retained an attorney. A message left at a phone number listed for Khan was not immediately returned. Terrorism In The U.S. Mo
