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Futures flat ... Crude recovers ... Bitcoin hack

December 7, 2017

SEOUL, South Korea (AP) — European stocks were higher while some Asian markets recovered from the previous day’s losses as investors focused on the U.S. tax reform and an upcoming U.S. jobs report. Futures augured a flat opening on Wall Street. Dow futures remained unchanged while S&P futures added 0.1 percent.

NEW YORK (AP) — Benchmark U.S. crude recovered slightly. It added 7 cents to $56.13 per barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the contract sank $1.66 to settle at $55.96 per barrel. Brent crude added 29 cents to $61.51 per barrel. It lost $1.64 to $61.22 a barrel on Wednesday. The dollar rose to 112.66 Japanese yen from 112.27 yen while the euro weakened.

WASHINGTON (AP) — Congress appears set to prevent a weekend government shutdown. With many on both sides deciding a headline-grabbing federal closure would be a political blunder — at least for now — the House plans to approve legislation today financing federal agencies through Dec. 22. The Senate seems ready to follow.

TOKYO (AP) — A bitcoin mining company in Slovenia has been hacked, for the possible theft of tens of millions of dollars. The breach is renewing questions about the security of the virtual currency just days before it is due to start trading on major U.S. exchanges. NiceHash says it will stop operating for 24 hours while it verifies how many bitcoins were taken.

HONG KONG (AP) — Danish toy maker Lego says it has won a major legal victory in China, where a court ruled in its favor in a copyright case against companies making knockoffs of its famous colored bricks. Lego says it’s the first time it has won an unfair competition case against imitators in China.

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