STOCKS GO UP: Here's what you need to know
Jan 6, 2018, 02:47 IST
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Stocks finished the first trading week of 2018 in the green after the latest jobs report showed the unemployment rate held at a 17-year-low.
Here's the scoreboard as of Friday's close:
What happened:
- The US economy created 148,000 jobs in December, fewer than economists forecast.
- The iced tea company that pivoted to blockchain is selling $8.4 million of shares to buy bitcoin mining machines.
- Deutsche Bank falls after announcing a $1.8 billion tax hit.
- Intel is rising after saying it fixed the 'Spectre' CPU flaw
In other news…
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- GOLDMAN SACHS: Markets are about to get rocky - here's how to use that to your advantage.
- The world is swimming in a record $233 trillion of debt.
- Ripple's XRP jumps on unconfirmed report Western Union plans to use its services for money transfers.
- Bitcoin miners are reportedly fleeing China because it is cracking down on cryptocurrencies.