Banking on Millennials? A Special Report

Economic activity rose slightly in most of the 12 Federal Reserve districts since October, with business contacts expressing optimism that demand will rise in coming months, the Fed said.

The nonfarm private sector gained 146,000 jobs in November and annual pay was up 4.8% Year-over-Year, according to the ADP National Employment Report. This follows a downward revision to 184,000 jobs in October from 233,000.

New orders of manufactured goods increased $1.1 billion, or 0.2%, from the prior month to $586.7 billion in November, the Commerce Department said.

The ISM services index decreased 3.9% from the prior month to land at 52.1% in November, the Institute for Supply Management said. Readings over 50% indicate expansion.

The FBI issued a warning to the public that criminals are using generative artificial intelligence to commit financial fraud and provided tips for consumers on how to protect themselves.

The Clearing House will raise the individual transaction limit on the RTP network to $10 million on Feb. 9, 2025. The current limit is $1 million.