Nokia stock drops on earnings, job cuts

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Shares of Nokia (NOK) tumble lower on the company's third-quarter earnings miss, reporting a 20% decline in sales. The company plans on cutting 16% of its...

) 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

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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.

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