CNBC Daily Open: Good news need not always be bad news for markets
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Explosion of jobs in December
U.S. nonfarm payrolls surged 256,000 in December, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the U. S. Bureau of Labor Statistics reported Friday. The unemployment rate ticked down to 4.1% from 4.2% in November. Economists expected the rate to stay the same in December.
U.S. markets in the red for 2025
Markets in the U.S. slumped on Friday after the expectation-busting jobs report for December was released. Major U.S. indexes are now in the red for 2025. The pan-European Stoxx 600 index lost 0.84%, with all major bourses closing in negative territory. Euro zone government bond yields climbed to fresh multi-month highs.
Why Meta had to 'bend the knee to Trump'
Meta's announcement on Tuesday that it would eliminate its third-party fact-checking was seen as an attempt to appease U.S. President-elect Donald Trump. Here's why Meta had to "bend the knee to Trump," in the words of a former Facebook vice president. Separately, CEO Mark Zuckerberg was interviewed on Friday on the "Joe Rogan Experience," in which he slammed Apple for lackluster innovation efforts.
Apple losing market share in China
Apple shares slid 2.4% after analyst Ming-Chi Kuo wrote on Friday that, in December, the company's iPhone shipments in China dropped around 10%-12% from a year earlier, compared with flat smartphone shipments overall. Furthermore, there's "no evidence" that Apple Intelligence is driving hardware upgrades or services revenue, according to