Tag Archives: Decline

Yen Drops on BOJ’s Dovish Tone, US Futures Decline: Markets Wrap

Yen Drops on BOJ’s Dovish Tone, US Futures Decline: Markets Wrap

(Bloomberg) — The yen fell after the Bank of Japan brought an end to the world’s last negative interest-rate policy and emphasized that financial conditions will remain easy. Most Read from Bloomberg The BOJ’s first hike in 17 years had been widely expected and Governor Kazuo Ueda struck a neutral tone at a news conference, saying there’s still a chance its inflation goal will not be hit. While the central bank scrapped its yield curve control program, it also pledged to keep buying… Source link

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Microsoft to cut 10,000 jobs, as PC sales, cloud growth decline

Microsoft to cut 10,000 jobs, as PC sales, cloud growth decline

Microsoft (MSFT) announced on Wednesday that it is laying off 10,000 workers as part of an effort to cut costs at the tech behemoth. The layoffs impact roughly 4.5% of Microsoft’s 221,000 total employees. The cuts are expected to be completed by Microsoft’s fiscal Q3, which ends March 31. Microsoft says the layoffs will result in a $1.2 billion charge, representing -$0.12 per share. The Redmond-based company previously announced layoffs in October, shedding as many as 1,000 jobs, according… Source link

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Donald Trump’s launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social

Donald Trump’s launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social

Donald Trump speaks during an election night event at Mar-a-Lago on November 08, 2022 in Palm Beach, Florida.Joe Raedle/Getty Images Digital World Acquisition fell 10% on Thursday after Donald Trump launched a line of $99 NFTs. Trump has teased a “major announcement” on Wednesday that led to a spike in Digital World’s stock price. Those gains were erased on Thursday as SPAC investors digested Trump’s NFT announcement. Former President Donald Trump’s launch of $99 digital NFTs failed to gin up… Source link

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US productivity is on the decline and employees are less willing to ‘engage in hustle culture,’ as 1 in 5 Americans admit to doing the ‘bare minimum’

US productivity is on the decline and employees are less willing to ‘engage in hustle culture,’ as 1 in 5 Americans admit to doing the ‘bare minimum’

US productivity is on the decline and employees are less willing to ‘engage in hustle culture,’ as 1 in 5 Americans admit to doing the ‘bare minimum’ There’s no doubt about it, employees across the country are pulling back at work. Labor productivity is slowing this year, according to the U.S. Bureau of Labor Statistics. The government agency comes up with this measurement by taking output per hour and dividing that number by an index of all the workers — paid and unpaid. While this… Source link

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NASDAQ’s Big Decline, Yahoo and Citibank Partnership and more

NASDAQ’s Big Decline, Yahoo and Citibank Partnership and more

NASDAQ’s Big Decline The NASDAQ Composite Index took a sharp tumble on Tuesday, falling 5.2% to 11,633.57. Year to date, the bellwether technology stock index is down 27%. There was bad news again for the US economy as fresh inflation data showed that price gains did not moderate as much as expected. Overall inflation rose 8.3% in August even though petrol prices came down. Core inflation, which strips out food and fuel prices, climbed 6.3% in August, higher… Source link

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Elon Musk now thinks there’s a greater than 50-50 chance that the economy will decline. Here are 3 simple ways to protect your money

Elon Musk now thinks there’s a greater than 50-50 chance that the economy will decline. Here are 3 simple ways to protect your money

‘Recession is inevitable’: Elon Musk now thinks there’s a greater than 50-50 chance that the economy will decline. Here are 3 simple ways to protect your money The U.S. economy made a strong recovery from the COVID-19 pandemic. But according to Tesla CEO and billionaire Elon Musk, the good times might be over pretty soon. “I think a recession is inevitable at some point,” he said at the Qatar Economic Forum earlier this month. “As to whether there is a recession in the near term,… Source link

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Raiders decline options on all 3 2019 first-round picks

Raiders decline options on all 3 2019 first-round picks

In the afterglow of the NFL draft, everyone thinks their team’s rookie class will work out great. If you have multiple first-round picks, the sky is the limit. Just wait until the optimistic draft grades for each of those teams that picked more than once in the first round on Thursday. It would be great if the NFL was that easy. The Las Vegas Raiders know it’s not. In 2019, the Raiders had just traded edge rusher Khalil Mack and receiver Amari Cooper, but they were awash in first-round picks…. Source link

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Stock futures sink as Amazon, Apple shares decline after quarterly reports

Stock futures sink as Amazon, Apple shares decline after quarterly reports

U.S. stock futures opened sharply lower Thursday evening to give back gains after a regular-session rally, with a fresh set of mixed quarterly results from some major technology companies weighing on index futures. Contracts on the S&P 500, Dow and Nasdaq each declined. Shares of tech juggernaut Amazon slid in late trading after the company unexpectedly posted a quarterly loss and offered a weaker-than-expected current-quarter forecast. Apple’s stock also declined even after the iPhone-maker… Source link

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Bank earnings expected to decline despite boost from Fed rate hikes

Bank earnings expected to decline despite boost from Fed rate hikes

Banks will kick off earnings season this week, with first-quarter results due out from a lineup of industry heavyweights led by JPMorgan Chase on Wednesday. The latest quarterly figures are expected to preface a lackluster year for bank profits despite the lift anticipated from higher interest rates. According to projections compiled by S&P Global Market Intelligence, U.S. bank earnings will fall by more than 8% in 2022 from last year, namely as the financial boost from releasing reserves… Source link

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