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Global stocks stumble
Manage episode 431951029 series 2508762
Global stocks stumble: the Nikkei tracks toward its worst day in more than four years, after a rough session on Wall Street sees equities close firmly in the red. Amazon sinks on the back of a first revenue miss in nearly two years - while Apple post a 5% sales boost, even as China revenues dip. Intel shares plunge as the chipmaker reports worse than expected results and weak guidance - and says it will cut 15k jobs as part of a $10 billion cost reduction plan. And the Bank of England cuts rates for the first time since 2020, voting 5-4 in favour, with Governor Andrew Bailey pledging caution ahead.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1375 episodes
Manage episode 431951029 series 2508762
Global stocks stumble: the Nikkei tracks toward its worst day in more than four years, after a rough session on Wall Street sees equities close firmly in the red. Amazon sinks on the back of a first revenue miss in nearly two years - while Apple post a 5% sales boost, even as China revenues dip. Intel shares plunge as the chipmaker reports worse than expected results and weak guidance - and says it will cut 15k jobs as part of a $10 billion cost reduction plan. And the Bank of England cuts rates for the first time since 2020, voting 5-4 in favour, with Governor Andrew Bailey pledging caution ahead.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1375 episodes
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