December Jobs Rise Slows but U.S. Growth Remains Solid
U.S. employers added 148,000 jobs in December, the Labor Department reported, as wage growth stayed muted and unemployment held at 4.1 percent. The data buoy markets amid tax cuts optimism, with forecasts for 2018 signaling faster growth and potential wage gains.
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Tech stocks advance for fourth straight session in 2018 start
U S equities rise led by technology after jobs data show December hiring of 148000 with wage growth and strong orders. S P 500 gains 0.7 percent to 2743.15, Dow up 0.9 percent to 25295.87, Nasdaq up 0.8 percent as Russell 2000 climbs. Barnes & Noble sinks on weak holiday sales. Claire's denies asbestos in makeup after Rhode Island tests.
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Alaska oil leasing push faces mixed reactions across states
Alaska Governor Bill Walker backs Interior Secretary Zinke’s plan for 19 offshore lease sales including six in Arctic waters, arguing it enables resource development. Critics warn Arctic drilling risks spills and environmental damage while Shell’s Arctic foray shows high costs and uncertain returns.
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