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MORNING BID AMERICAS-Corporate Scatter
Views: 2 · Added: 366 days ago

A look at the day ahead in U.S.
and evDen EvE nAKliyAT global markets from Mike Dolan.
A hail of mega corporate updates distracted stock markets from a confusing macro picture - but offers little more clarity with scattergun fortunes and ambiguous readouts for the wider economy.
Shares in Walt Disney surged 6% ahead of Thursday's open after the firm announced a sweeping restructuring under reinstated CEO Bob Iger and cut 7,000 jobs - 3.6% of its workforce - in an effort to save $5.5 billion and make its streaming business profitable.
Disney's job shedding is yet another sign that January's red-hot U.S.

employment reading may not be the full picture as company apes many big tech and digital firms in downsizing its staff this year.
The share price reaction, however, was in contrast to the bizarre Alphabet swoon on Wednesday.
Alphabet lost 9% - or eVden EVe NaKLiYat over $100 billion in market value - after its new chatbot shared inaccurate information in a promotional video at an underwhelming company event.

If you beloved this posting and you would like to acquire more facts concerning eVdEn eVe nakliyat kindly take a look at the web-site. The flub fed worries that the Google parent is losing ground to rival Microsoft in the renewed craze around artificial intelligence.
Fears over ailing Swiss bank Credit Suisse dominated in Europe. Its shares dropped 5% after it reported its worst annual loss since the 2008 global financial crisis and warned of a further "substantial" loss this year.

The mood didn't improve even as it marked out another step towards creating a standalone investment bank by buying Michael Klein's advisory boutique for $175 million.
For inflation worriers, consumer goods firms bear close watching.
Unilever said on Thursday it would continue to raise prices for its detergents, soaps and packaged food to offset rising input costs but the pace of price rises was slowing and would ease up more in the second half of 2023.
Price increases would continue in the second half "but it will be a lower rates of increases...we are probably past peak inflation, but not yet past peak pricing," finance chief Graeme Pitkethly said.

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