Nokia stock drops on earnings, job cuts

) tumble lower on the company's third-quarter earnings miss, reporting a 20% decline in sales. The company plans on cutting 16% of its workforce over the next three years, amounting to 14,000 layoffs. Yahoo anchorsA reliable buy signal just flashed for the stock market as most investors expect a Goldilocks scenario for the economy

A BofA survey found that 64% of respondents expect the economy will pull off a soft landing or won't slow down at all over the next 12 months.These TSX stocks are already on the climb, but there's still more to come that could very well be hit before the end of 2023. The post 3 TSX Stocks That Could Hit New Highs Before 2024 appeared first on The Motley Fool Canada.Even if you buy them overpriced, it's difficult to undermine the strengths of Canadian bank stocks fully.

In remarks scheduled for 12 p.m. at the Economic Club of New York, Powell will all but close out a frenetic month following U.S. monetary policymakers' last meeting in mid-September, when they opted to leave their benchmark lending rate unchanged in a range of 5.25% to 5.50% to assess how the economy was evolving. Since then, data has shown U.S.

Source: News Formal (newsformal.com)

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vegetarian restaurant near Toronto has permanently closed after 20 yearsA classic vegetarian restaurant near Toronto has officially shuttered its doors following 20 years of service due to the owners' retirement. Gourm...
Source: blogTO - 🏆 44. / 63 Read more »

Nomura Lays Off About 20 Staffers After Review of Markets UnitNomura Holdings Inc. is cutting roughly 20 staffers following a review of the firm’s markets and investment banking businesses.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

For first time, Algoma cracks Maclean's Top 20 Canadian undergrad universitiesAlgoma placed first overall for Operating Budget and second in all of Canada for Scholarships and Bursaries
Source: SooToday - 🏆 8. / 85 Read more »

Price of air travel fell more than 20% in September: StatCanCanadians paid significantly less for their flights in September compared to the same month last year, according to new data from Statistics Canada.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Pimco Fund Walks Away From 20 Hotels With $240 Million of DebtA joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Calgary's highs dropping more than 20 degrees by early next weekAfter a wet Tuesday, Calgary is expecting a return to above seasonal temperatures for the middle of the week.
Source: CTVCalgary - 🏆 26. / 68 Read more »