Bonds & Stocks
The US economy in December added the most jobs since March and the unemployment rate unexpectedly fell, capping a surprisingly strong year and supporting the case for a pause in Federal Reserve interest-rate cuts.
Economy
Nonfarm payrolls increased 256,000, exceeding all but one forecast in a survey of economists. The unemployment rate fell to 4.1%, while average hourly earnings rose 0.3% from Nov., a Bureau of Labor Statistics report showed Friday.
World
Flame-whipping winds in Los Angeles are set to ease Friday, offering firefighters a chance to make strides in battling blazes that have killed at least 10 and forced almost 180,000 people to flee their homes.