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ADP Jobs Report Shows Surprise Drop In Private Payrolls; S&P 500 Wavers Investor's Business DailyPrivate Employers Cut Jobs in November, the Latest Sign of a Slowdown The New York TimesSurprise US Jobs Dip Adds to Fed Cut Wagers Bloomberg.comDow rises 400 points as weak ADP jobs report spurs rate cut hopes: Live updates CNBC
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Privately run businesses eliminated jobs in November for the third time in four months, pointing to a broad slowdown in hiring that threatens to nudge unemployment higher and chip away at the economy.
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Dow rises as investors shake off weak jobs data, Microsoft decline: Live updates CNBCPrivate Employers Cut Jobs in November, the Latest Sign of a Slowdown The New York TimesA first look at November hiring shows the private sector lost 32,000 jobs CNNStock market today: Dow and S&P 500 rise, Nasdaq pares losses as key ADP jobs data shows weakness Yahoo Finance
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Data from ADP, a payroll processor, is getting added attention because of delays in official statistics caused by the government shutdown.
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New low-cost iPhone 17 model now rumored to get two design changes 9to5MaciPhone 17e to Use Same OLED Panel But Feature Slimmer Bezels MacRumorsiPhone 17e Rumored To Feature A Dynamic Island Display bgr.comiPhone 17e To Witness Modest Shipments When It Launches In H1 2026, With BOE The Primary OLED Supplier For Apple's Next Low-Cost Release Wccftech
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All three major U.S. stock indexes finished with back-to-back gains on Wednesday, with investors using November's unexpectedly weak private-sector hiring report to solidify expectations for a quarter-point interest-rate cut from the Federal Reserve next week.
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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