"After shedding 29,000 jobs in November, U.S. companies made 41,000 hires in December, according to a report from HR software company Automatic Data Processing ( Nasdaq: ADP). This was less than the 48,000 jobs created that economists were forecasting, but still "a positive sign to a labor market that otherwise struggled as 2025 came to a close," as CNBC reports this morning. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) is up less than 0.1% premarket on the news."
"President Trump announced yesterday that between 30 million and 50 million barrels of Venezuelan crude oil worth some $2 billion will be exported from Venezuela to the U.S. for refinement and sale. Moreover, oil exports to the U.S. from Venezuela will continue "indefinitely" as the new government in Caracas shifts closer to the U.S. in the absence of its old president."
After shedding 29,000 jobs in November, U.S. companies hired 41,000 workers in December per ADP, below economists' 48,000 forecast. The Vanguard S&P 500 ETF rose less than 0.1% premarket on the ADP release. A broader Bureau of Labor Statistics report is due Friday with economists projecting 73,000 jobs and unemployment falling to 4.5%. Five days after a raid on Caracas and the arrest of President Nicolás Maduro, President Trump announced 30 to 50 million barrels of Venezuelan crude, worth about $2 billion, will be exported to the U.S. for refinement and sale. Oil exports to the U.S. are expected to continue indefinitely, and refiners Valero and Marathon rallied about 3.6% and 2.5% premarket. Trump stated the $2 billion will be controlled by him to ensure benefits for Venezuela and the United States.
Read at 24/7 Wall St.
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