Better-Than-Seen Jobs Report Boosts U.S. Stocks
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A stronger-than-expected pickup in U.S. hiring boosted stocks Friday.
Robust Job Growth Puts U.S. on Firmest Footing in a Decade
The economy appears to be on its firmest footing in at least a decade, with hiring picking up from earlier this year and the jobless rate holding at a 17-year low in November.
U.K., EU Reach an Agreement on Brexit Divorce Terms
The U.K. and the European Union reached an agreement Friday on Brexit divorce terms after six months of tense talks, opening the way for negotiations to advance on a trade deal.
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Big Oil Backs Away From a Former Industry Darling
Angola was once a magnet for the world's biggest oil companies, drawing billions of dollars in investment from BP, Exxon Mobil and others. Now, foreign companies have all but given up on new ventures there.
France Widens Acceptance of Blockchain
France will allow wider use of the record-keeping technology behind bitcoin when issuing and trading traditional securities, part of a growing number of experiments to speed up trading by decentralizing it.
China Levies Large Fine on Bank Over Bond Guarantees
China's banking watchdog fined a midsize bank more than $100 million for its role in a bond default last year, one of the largest penalties levied on a Chinese bank and a sign Beijing is ramping up a crackdown on ways banks have been hiding risks.
Canada Housing Starts Surge on Condo Demand
Canadian housing starts unexpectedly surged in November to their highest level in almost 10 years, fueled by the construction of multifamily dwellings in the Toronto area.
U.S. Consumer Sentiment Fell Again in December
A key measure of U.S. consumer sentiment slid in December for the second straight month, but continued to signal solid household confidence to close out 2017.
U.S. Wholesale Inventories Declined 0.5% in October
Wholesale inventories fell by a seasonally adjusted 0.5% in October from the prior month, the Commerce Department said. Economists had expected a 0.4% decline.
Hiring Surges as Logistics Firms Head Into the Holidays
Logistics companies went on a hiring spree in November to handle the holiday surge in online shopping, adding thousands of jobs picking items off shelves in warehouses and delivering packages to customers' homes.
(END) Dow Jones Newswires
December 08, 2017 15:15 ET (20:15 GMT)