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Gingerbread Cookies

These cookies are warmly spiced, with crisp edges and soft centers—perfect for holiday decorating and eating. Ingredients 3 cups all-purpose flour ¾ teaspoon baking soda ¼ teaspoon salt 1 tablespoon ground ginger 1 tablespoon ground cinnamon ½ teaspoon ground cloves ½ teaspoon ground nutmeg 8 tablespoons (1 stick) unsalted butter, softened ¾ cup packed dark brown sugar ¾ cup unsulfured molasses 1 large egg Instructions Mix dry ingredients : In a medium bowl, whisk flour, baking soda, salt, and spices. Cream butter & sugar : In a large bowl, beat butter and brown sugar until fluffy. Add molasses and egg. Combine : Gradually add dry mixture until dough forms. Chill dough : Divide into two disks, wrap in plastic, and refrigerate for at least 1 hour. Roll & cut : Roll dough to ¼-inch thickness. Cut into shapes with cookie cutters. Bake : Place on parchment-lined sheets and bake at 350°F for 8–10 minutes, until edges are set. Cool & decorate : Let cool com...
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Mixed Bank Earnings Offset Cooler-Than-Expected Inflation News

 


On Friday, January 12th, 2024, the US stock market closed with little change as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. The Dow Jones Industrial Average fell 118.04 points, or 0.31%, to 37,592.98. The S&P 500 gained 3.59 points, or 0.08 %, at 4,783.83 and the Nasdaq Composite rose 2.58 points, or 0.02%, to 14,972.76.

Bank of America’s fourth-quarter profit shrank as the lender took $3.7 billion in one-off charges. Wells Fargo’s warning of a 7% to 9% drop in net interest income in 2024 sent the bank’s shares down 3.34%. UnitedHealth fell on higher-than-expected medical costs. Tesla fell after flagging output hit from Red Sea disruption.

The data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday’s hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME’s FedWatch Tool, from 73.2% in the prior session.


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