US stocks advanced on Friday as a strong jobs report and upbeat comments from President Donald Trump on trade talks with China breathed new life into markets after a roller-coaster week. A Labor Department report showed domestic job growth increased by the most in 10 months in November, aided by striking workers returning to General Motors' payrolls and more hiring in the healthcare industry. The report indicated the economy remained on a moderate expansion path despite a prolonged manufacturing slump. "Overall, this was a very solid report and should put those fears of recession firmly in the rear view," said Michael Arone, chief investment strategist at State Street Global Advisors, Boston. Global financial markets began on a strong note as Trump said trade discussions with China were "moving right along." China said it will waive import tariffs for some soybeans and pork shipments from the United States, lifting the mood. "Not only the jobs data, but most economic data will … [Read more...] about Wall Street jumps after bumper jobs data, upbeat tone on trade
Wall street money never sleeps
Tokyo stocks close higher on Wall Street’s lead, U.S. jobs data eyed
Video PlayerClose TOKYO, Dec. 6 (Xinhua) -- Tokyo stocks closed higher Friday as the market inherited a positive lead from U.S. shares advancing overnight, although moves were cautious ahead of key U.S. November jobs data due out later in the day. The 225-issue Nikkei Stock Average added 54.31 points, or 0.23 percent, from Thursday to close the day at 23,354.40. The broader Topix index of all First Section issues on the Tokyo Stock Exchange gained 1.95 points, or 0.11 percent, to finish at 1,713.36. Securities house, construction, and iron and steel-linked issues comprised those that gained the most by the close of play. … [Read more...] about Tokyo stocks close higher on Wall Street’s lead, U.S. jobs data eyed
Bitcoin takes bigger Wall Street stage with smooth CME debut
By Rob Urban, Camila Russo and Brian Louis The world’s biggest exchange just joined the bitcoin revolution. Bitcoin futures started trading Sunday night at CME Group Inc.’s venue, a week after Chicago rival Cboe Global Markets Inc. introduced similar derivatives on the volatile cryptocurrency. CME is a much bigger player in futures, so many traders expect it to make a bigger splash in the nascent space. CME got off to a faster start with more efficient pricing. Its most-active contract changed hands 221 times in the first hour versus 570 during Cboe’s debut. But that’s a win because CME’s contracts are five times more valuable -- they’re tied to five bitcoins compared with only one with Cboe’s futures. And CME’s futures were priced only about 2 percent higher than bitcoin itself; in the first day, Cboe’s got as much as 13 percent above, a sign trading was relatively inefficient. Bitcoin surged toward $20,000 in the minutes … [Read more...] about Bitcoin takes bigger Wall Street stage with smooth CME debut
Menindee’s electricity has gone out five times in six months, leaving the small NSW town ‘in the dark ages’
Email ABC Broken Hill By Aimee Volkofsky Posted December 06, 2019 06:53:03 Photo: Locals say blackouts are more common now than in the past. (ABC: Aimee Volkofsky) Map: Menindee 2879 "You can't breathe, you can't sleep, if you do go off to sleep then you stop breathing."It is the second day in a row power has been out in Menindee and Kevin Staker is afraid to fall asleep.He has sleep apnoea and relies on a machine to breathe. The first outage he was warned about, but the one the following night was unplanned."When it goes out just like that, in the middle of the night, you've got no hope," he said."It's like somebody's got their hand over your mouth and you can't breathe, you wake up choking."Power outages are not an unusual thing in small regional towns.Ageing infrastructure, harsh natural conditions and isolation from maintenance professionals all take their toll. But, residents of the town — preparing for another summer of dead fish, dust storms and a dry … [Read more...] about Menindee’s electricity has gone out five times in six months, leaving the small NSW town ‘in the dark ages’
Leonardo DiCaprio, Laurene Powell Jobs, Brian Sheth team up to battle climate change
WASHINGTON D.C. [USA]: Hollywood and 'Titanic' fame actor Leonardo DiCaprio along with his environment charity are teaming up with Steve Jobs' widow Laurene Powell Jobs and billionaire investor Brian Sheth to launch a new alliance to tackle climate change. The Oscar-winning actor who is also the founding co-chair will convert The Leonardo DiCaprio Foundation into Earth Alliance as he combines with Powell and Sheth, who is a co-founder and president of the private equity fund Vista Equity Partners and also board chair of the Global Wildlife Conservation, reported by The Hollywood Reporter. In the last twenty years, DiCaprio's foundation has supported nearly 200 projects from 132 organisations across climate change, marine and land conversation, critical species preservation and indigenous rights. Sheth also founded the Sheth Sangreal Foundation, which will completely look after the finance of the administrative costs of Earth Alliance. We are proud to announce that the Leonardo … [Read more...] about Leonardo DiCaprio, Laurene Powell Jobs, Brian Sheth team up to battle climate change
