Here’s everything you need to know to start your day:
- Unemployment is slightly up to 4.7%, though 156,000 jobs were created last month. Unfortunately, this is several thousand jobs less than expected. Wage growth, however, is reportedly at its strongest since 2009.
- Netflix ($NFLX) is now worth $131.81 a share. Netflix’s stock increased 10,793% since the company went public in 2002. If you bought stock when Netflix filed their IPO, congrats. You are probably pretty happy right now.
- GoPro’s stock ($GPRO) is down by 4.17%, even after the company announced they would relaunch their flailing Karma drone. Financial analysts are less enthusiastic about the stock’s performance and future.
Here’s what we’re reading this morning:
“We contribute billions to US economy, Toyota politely tells Trump” by Justin McCurry, The Guardian
Trump threatened Toyota with a “big border tax” if they build a plant in Mexico. Toyota, however, isn’t swayed by the president-elect’s tweets.
“Report: Amazon, Forever 21 Interested In Buying Bankrupt American Apparel” by Mary Beth Quirk, Consumerist
American Apparel may soon find itself some new owners, but will they allow the company to still be an American-made brand?
“Bitcoin lost $3 billion in market value in 40 minutes” by Joon Ian Wong, Quartz
Bitcoin is a volatile currency, so no wonder it lost a decent amount of its value in a mere instant. It is currently recovering, though, so it’s not the end of the world.