Markets Closed As Investors Await Key Jobs Data

Firefighters make progress slowing wildfires while Los Angeles grapples with scope of devastation (AP)

U.S. Jobs Are Projected to Rise by 153,000 for December 2024 (FactSet)

The Stock Market Embraced Higher Yields. Now It Fears Them. (WSJ)

Bank of America Bond Losses Could Top $100 Billion Due to Rising Rates (Barron’s)

Microsoft confirms performance-based job cuts across departments (CNBC)

Nvidia’s Jensen Huang is ‘dead wrong’ about quantum computers, D-Wave CEO says (CNBC)

AI PCs and Chips Are a Highlight at CES. Demand Concerns Remain. (Barron’s)

Blackstone to Make $300 Million Investment in AI Data Company (WSJ)

China Makes More Cars Than It Needs. Now, It’s Shakeout Time. (WSJ)