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

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.

 

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