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The US economy added 148,000 jobs in December, fewer than expected, according to a report Friday from the Bureau of Labour Statistics.
The unemployment rate remained at 4.1%, a 17-year low that supports the Federal Reserve’s assertion that the economy is near full employment. The black unemployment rate fell to a record low of 6.8%.
In related news, Gary Cohn is sticking around the White House – at least for another week.
In finance news, Deutsche Bank shares dropped after it announced a $US1.8 billion tax hit. Bitcoin, political gridlock, and big data are set to transform finance in 2018. And global debt levels hit an unprecedented level in the third quarter of 2017, according to the Institute of International Finance..
And in crypto news,Ethereum cleared $US1,000 for the first time.Mark Zuckerberg says Facebook is looking into how it can use cryptocurrency.
And the iced tea company that pivoted to blockchain is selling $US8.4 million of shares to buy bitcoin mining machines.
Lastly, here are our predictions for who will win big at the 2018 Golden Globes – and who should win