Personnel

• New York AG sues UPS for allegedly shorting Christmas season workers' wages - "UPS has played the Grinch," New York Attorney General Letitia James said in a new lawsuit accusing the company of shorting seasonal workers on their pay.
• Trump admin to hire 1,000 specialists for 'Tech Force' to build AI, finance projects - A slew of tech giants, including Amazon Web Services, Apple, Google Public Sector, Dell Technologies, Microsoft, Nvidia and OpenAI, are listed as partners.
• CEO of 25 years: I ditched this toxic mindset to become a better boss—'my job was not to command and control' - Garry Ridge thought that being a commanding boss would make him successful, he said during a podcast appearance — until a professor changed his mind.
• The case for more Fed rate cuts could rest on a 'systemic overcount' of jobs numbers - There are indications that policymakers will be more inclined to cut further if the labor market stays weak.
• Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows - The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank.
• Layoff announcements this year top 1.1 million, the most since 2020 when pandemic hit, Challenger says - The firm said layoff plans totaled 76,835 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.
• November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports - The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.
• Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026 - President Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering head count instead
• Michael and Susan Dell to donate $6.25 billion to fund Trump Accounts for 25 million U.S. kids - The billionaire CEO of Dell Technologies told CNBC he first heard of the idea of seeding accounts from hedge fund manager Brad Gerstner.