Spotify To Downsize Employee Count, Activist Investor Elliott Invests Multibillion Dollars In Salesforce, Abbott Draws DOJ Investigation On Baby Formula Plant Shutdown: Today's Top Stories By Benzinga

7 days ago Investing.com UK

, a unit of (NYSE: MO), has reportedly secured preliminary court approval of a $255 million settlement resolving consumer claims for deceptive marketing. Amazon.Com, Inc's cloud services unit shared plans to invest another $35 billion by 2040 to expand data centers in Virginia. cloud services unit shared plans to invest another $35 billion by 2040 to expand data centers in Virginia. Wall Street JournalActivist Investor Elliott Makes Multibillion-Dollar Investment In SalesforceActivist investor Elliott Management Corp has reportedly picked up a multi-billion dollar stake in cloud software firm Salesforce Inc (NYSE: CRM). Spotify intends to cut about 6% of its employee base and incur €35 million to €45 million in related charges.
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FTSE 100 recovers losses as US markets soar on WSJ report By Proactive Investors

This fed through to London where the FTSE 100 is now up .26 points after earlier nursing heavy losses. Equity markets have fallen further with the FTSE 100 now down 66 points. At 11.51am the lead index as down 58 points at 6,886, while the was nearly 300 points lower, or 1.71%, at 17,091. The FTSE 100 is now down 52 points at 6,892, while the FTSE 250 has slumped 236 points to 17,153. Confidence in personal finances for the next 12 months increased six points to minus 34 but remains 35 points lower than this time last year.

3 months ago Investing.com UK

Cryptoverse: British pound fiasco boosts bitcoin's hedge appeal By Reuters

FILE PHOTO: Representations of Bitcoin and pound banknotes are seen in this illustration taken January 6, 2020. "It was the first time we've seen such a huge increase in (bitcoin) volumes for the currency of a developed country," said Ed Hindi, chief investment officer at Tyr Capital. In fact, over the past month of market ructions, U.S. Treasuries have been equally or more volatile than bitcoin, according to Refinitiv data. ( trading volume against the British pound https://graphics.reuters.com/FINTECH-CRYPTO/gkvlwmwnkpb/chart.png)'FLIGHT FROM CRISIS'In bitcoin's infancy, a key selling point was its potential protection against currency depreciation and inflation. The pound volumes echoed similar instances of investors jumping into bitcoin when fiat money came under pressure, including in Russia and Ukraine this year.

3 months ago Investing.com UK

Energy crisis sparked by Ukraine war to speed up green transition -IEA By Reuters

The IEA's report said the global energy crisis is causing profound and long-lasting changes that could hasten the transition to a more sustainable and secure energy system. "The energy world is shifting dramatically before our eyes. Short-term gaps created by the reduction in fossil fuel supplies from Russia will need to be plugged from elsewhere. PEAKSOn Russia, the IEA said the country, which is the world's largest fossil fuel exporter, will never regain the share of the global energy supply mix it had before its invasion of Ukraine. Russia's supply of internationally traded energy will fall to 13% by 2030 from about 20% in 2021, the IEA projects.

3 months ago Investing.com UK

Meta Reality Check, U.S. GDP, ECB Rate Hike

© ReutersCL +0.32% Add to/Remove from a Portfolio UL -0.33% Add to/Remove from a Portfolio META -5.59% Add to/Remove from a Portfolio IXIC -2.04% Add to/Remove from a Portfolio ABI +5.95% Add to/Remove from a Portfolio NQZ2 -0.43% Add to/Remove from a Portfolio 1YMZ2 +0.74% Add to/Remove from a Portfolio CAT +1.09% Add to/Remove from a Portfolio ESZ2 +0.07% Add to/Remove from a Portfolio LCO +0.26% Add to/Remove from a Portfolio MA +2.60% Add to/Remove from a Portfolio RDSa -0.11% Add to/Remove from a Portfolio CMCSA -0.19% Add to/Remove from a Portfolio AMZN -4.10% Add to/Remove from a Portfolio AAPL -1.96% Add to/Remove from a Portfolio USD/EGP +16.17% Add to/Remove from a Portfolio CARLb +1.39% Add to/Remove from a Portfolio STM -7.48% Add to/Remove from a Portfolio TTEF +2.06% Add to/Remove from a Portfolio MRK +0.72% Add to/Remove from a Portfolio MCD +0.34% Add to/Remove from a Portfolio MSFT -7.72% Add to/Remove from a Portfolio INTC -0.73% Add to/Remove from a PortfolioBy Geoffrey SmithInvesting.com -- Facebook owner Meta sheds another $65 billion in value after another expensive quarter. The U.S. will report third quarter GDP figures which are almost certain to be highly misleading, while jobless claims and durable goods orders are also due. The European Central Bank is set to raise its key rate by 75 basis points again. Beware the Q3 GDP reportThe U.S. will report first estimates for third quarter , a release that may send some confusing signals. The raised its key rate by only 50 basis points on Wednesday rather than the 75 basis points expected.

3 months ago Investing.com UK

Dow Futures Rise 140 Pts; Meta Platforms and GDP Data in Focus By Investing.com

At 07:00 ET (11:00 GMT), the Dow Futures contract was up 140 points, or 0.4%, but traded 3 points, or 0.1%, lower, and dropped 75 points, or 0.7%. The main U.S. equity indices closed largely lower Wednesday, weighed by disappointing earnings by tech giants Microsoft (NASDAQ: ) and Alphabet (NASDAQ: ). Turning back to the corporate sector, results from e-commerce giant Amazon and iPhone maker Apple are expected later in the day. By 07:00 ET, futures traded 0.5% higher at $88.36 a barrel, while the contract rose 0.4% to $94.20. Additionally, fell 0.3% to $1,665.05/oz, while traded 0.4% lower at 1.0037.

3 months ago Investing.com UK

London open: Stocks edge down as hopes of China Covid curb relaxation fade By Sharecast

London open: Stocks edge down as hopes of China Covid curb relaxation fadeCHNA +0.00% Add to/Remove from a PortfolioAt 0845 GMT, the was down 0.2% at 7,319.28. Exports rose 0.3% year-over-year in October, down from 5.7% growth a month earlier and well below consensus expectations of 4.5% growth. On the year, meanwhile, house prices were down 8.3% in October following a 9.8% fall a month earlier. The rising cost of living coupled with already stretched mortgage affordability is expected to continue to weigh on activity levels. 95.14p -1.47%Prudential (LON: ) 901.40p -1.34%Persimmon (LON: ) 1,313.00p -1.28%Halma (LON: ) 2,130.00p -1.25%Melrose Industries (LON: ) (MRO) 120.05p -1.23%Barratt Developments (LON: ) 384.20p -1.13%Smith & Nephew (SN.)

2 months ago Investing.com UK

Dogecoin Rally Intact Even As Bitcoin, Ethereum Turn Red: Analyst Says Crypto Markets 'Indeed Waking Up' By Benzinga

In the same period, Bitcoin and Ethereum, have risen 5.3% and 16.5%, respectively. Alternative.me’s “Crypto Fear & Greed Index” was seen pointing to “Fear” at the time of writing. That strong close to the week from equities is probably reason enough for #crypto to pump this weekend. It noted mean inflows of 21 BTC and 17 BTC and said these could cause a short-term price drop. Measured from the drop below Realized Price, #Bitcoin now surpassed the duration of the 2018 cycle bottom formation.

3 months ago Investing.com UK

Davos 2023: Recession casts long shadow over opening of WEF summit By Reuters

A woman walks past the logo of the World Economic Forum (WEF) 2023 at Davos Congress Centre in the Alpine resort of Davos, Switzerland, January 15, 2023. Two-thirds of private and public sector chief economists surveyed by the WEF expect a global recession this year, with some 18% considering it "extremely likely" - more than twice as many as in the previous survey conducted in September 2022. Definitions of what constitutes recession differ around the world but generally include the prospect of shrinking economies, possibly with high inflation in a "stagflation" scenario. Matthew Prince, chief executive of cloud services company Cloudflare (NYSE: ) Inc, said internet activity was pointing to an economic slowdown. AID CUTSNowhere is the real-world impact of recession more tangible than in efforts to tackle global poverty.

14 days ago Investing.com UK

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