08Dec2017 Market Update: Wall Street Trends Higher As Jobs Data Shows Strength In Economy, DOW Up 85 Points, Bitcoin Tumbles 20 Percent, Crude And Dollar Volatile

Here is the current market situation from CNN Money

North and South American markets are higher today with shares in Brazil leading the region. The Bovespa is up 0.83% while Mexico’s IPC is up 0.68% and U.S.’s S&P 500 is up 0.53%.

Wall Street rises as jobs data shows strength in economy

(Reuters) – U.S. stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world’s largest economy in the run up to a near certain interest rate hike next week.

After dramatic gains, bitcoin tumbles 20 percent in 10 hours

LONDON/TOKYO (Reuters) – Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

Trump says fines against Wells Fargo won’t be dropped: Twitter

WASHINGTON (Reuters) – U.S. President Donald Trump took aim at the country’s third-largest bank on Friday tweeting that government fines and penalties against Wells Fargo & Co could be “substantially increased” amid an on-going sales scandal.

CVS expects Justice Department to handle review of Aetna deal

WASHINGTON (Reuters) – CVS Health Corp expects the U.S. Justice Department to do the antitrust review of its planned acquisition of health insurer Aetna Inc, a spokesman for the drugstore chain operator said.

Steinhoff shares climb off 14-year low in volatile trade

JOHANNESBURG (Reuters) – Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

U.S. tax repatriation plan may not cure long-term dollar weakness

NEW YORK (Reuters) – Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound.

WestJet to gain market share with Delta joint venture: Moody’s

(Reuters) – WestJet Airlines Ltd’s joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody’s Investors Service said.

EU regulators to warn Bayer about Monsanto bid: source

BRUSSELS (Reuters) – EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns.

Ahead of Canada fighter jet announcement, Boeing looks to future

OTTAWA (Reuters) – Boeing Co , which is locked in a dispute with the Canadian government, said on Friday it would continue to look for ways to work with the country, which is expected next week to announce it is scrapping plans to buy 18 of the U.S. planemaker’s Super Hornet fighter jets.

How Tight a Job Market Is Too Tight for the Fed?

The labor market is red hot except for wage growth. The Federal Reserve probably won’t have to wait long for more signs that conditions are tight enough to keep raising rates.

Broadcom’s Biggest Challenge With Qualcomm

Broadcom’s solid results also show what a challenge integrating Qualcomm would be.

Brexit Breakthrough Leaves Thorniest Problems for Later

The U.K. is hailing a Brexit breakthrough. It is more a small step toward confronting even bigger political, financial and economic issues.

Deep Dive: Analysts expect these energy stocks to rise the most in 2018 as oil rebounds

Wall Street sees gains of 35% to 137% for 15 companies. By Phil van Doorn.

Deep Dive: Analysts expect these large-cap U.S. stocks to rise at least 25% in 2018

Last year’s list is a mixed bag, which is why you ought to invest for the long run. By Phil van Doorn.

Does corporate America need a tax cut? Here’s what every S&P 500 company actually pays in taxes

The new MarketWatch Corporate Tax Calculator shows tax rates for all S&P 500 companies and sectors.