For: January 12, 2026
>>Ahead On Wall Street
(New York, NY) -- The opening bell rings this morning after stocks closed higher Friday to cap a positive week. Stocks rose with the Dow and S&P 500 hitting record highs despite a slightly weaker than expected December jobs report. Figures from the Labor Department show 50-thousand jobs added last month while the unemployment rate fell to four-point-four percent. For the full year, payroll gains averaged 49-thousand per month which is sharply lower than 2024. At the closing bell, the Dow Jones Industrial Average gained 237 points to 49-504. The S&P 500 added 44 points to 69-66. The Nasdaq rose 191 points to 23-671.
>>Prosecutors Open Inquiry Into Fed Chair Powell
(Washington, DC) -- Federal Reserve Chair Jerome Powell says the Justice Department has issued a subpoena to the central bank, warning of a possible criminal indictment. Powell said the potential indictment comes from his June Senate testimony concerning renovations to Federal Reserve office buildings. He characterized the subpoenas as the latest attempt to influence the Fed and its interest-rate decisions. President Trump has repeatedly criticized Powell for the Fed not cutting interest rates as much and as quickly as the president has wanted since he began his second term.
>>Consumer Sentiment Improves In January
(Ann Arbor, MI) -- Consumer sentiment is improving for the second straight month. The University of Michigan's early reading for January edged up to reach its highest level since September. Survey officials say consumers see signs of modest improvement in the economy, although sentiment remains nearly 25 percent below last January. High prices and other pocketbook issues top the list of concerns for many consumers. Meanwhile year-ahead inflation expectations held steady at four-point-two percent.
>>Trump Calls for 10% Credit Card Interest Rates
(Washington, DC) -- President Trump is calling for a one-year cap on credit card interest rates of ten percent. He said in a Truth Social post it would be effective January 20th, to coincide with the one-year anniversary of what he called the "historic and very successful" Trump administration. The president said he'll no longer let the American public be "ripped off" by credit card companies charging interest rates of 20 to 30 percent. Trump did not explain how the cap would be imposed. He said the high rates "festered unimpeded" during the Biden administration.
>>Amazon Pharmacy To Offer Novo Nordisk's Wegovy
(Undated) -- Amazon Pharmacy will sell the Wegovy pill. The digital pharmacy will offer those with commercial insurance the pill for as little as 25-dollars for a one-month supply. Customers paying cash can buy the weight loss pill for 149 dollars a month. Individuals will be able to compare insurance versus cash pricing and eligible coupons will be automatically applied at checkout. Patients nationally can have their pill delivered to their home.
>>Macy's Closing 14 Stores In 12 States
(New York, NY) -- Macy's is closing over a dozen stores across the country. The department store chain announced Friday it would be closing 14 stores in the U.S. The 12 states affected by the closures include California, Georgia, Maryland, Michigan, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Texas and Washington.
>>Deals Available For National Pizza Week
(Undated) -- Several restaurant chains are offering deals through this Saturday in celebration of National Pizza Week. Pizza Hut is selling their 16-inch Big New Yorker pizza for ten dollars and the company has partnered with retired Super Bowl champ Tom Brady to promote the pie. Domino's is offering one-topping pizzas for just under eight bucks for carryout. California Pizza Kitchen is making a five-dollar pizza deal available to members of the CPK Rewards loyalty program.
