Stocks are gaining this morning following an employment report that was neither too hot nor too cold.

PG&E suffered from a pair of downgrades to start the new year.

Consumers seem less willing to shell out for pricey phones. That means bad weather ahead for Asian companies who make their components.

Rising wages have been one important missing element of the economic expansion. Now there is evidence worker pay will start to pick up.

Italy, Europe’s most indebted large economy, is at the crossroads again. Growth has picked up finally, and the country’s bank cleanup is in progress.

Big pharma and biotech aren’t benefiting as much from higher drug prices. That raises the possibility of large deals.