Spotify To Cut About 17% Staff

Spotify Technology SA, a provider of digital music, podcast, and video service, said it is eliminating total headcount by around 17% across the company amid its efforts to cut costs to become "productive and efficient."

DAX Muted Ahead Of U.S Jobs And China Inflation Readings

The DAX benchmark of the Frankfurt bourse remained muted at the onset of the new week amidst anxiety ahead of the release of crucial jobs data from the U.S. and inflation readings from China.

CAC-40 Edges Down Ahead Of Data Releases

The CAC-40 benchmark slipped in Monday's trading as markets brace for key data updates.

Pound Climbs Against Majors

The pound firmed against its major counterparts in the European session on Friday, as Bank of England policy maker Megan Greene pushed back against market bets on interest rate cuts in 2024.

Hyundai Motor America November Total Sales Up 11%

Hyundai Motor America reported Friday that it sold a total of 70,079 units in the month of November, up 11 percent from last year's 63,305 units, driven by best ever November retail and total sales records for IONIQ 5,

AIG Prices Secondary Offering Of Corebridge Financial Common Stock At $20.50/shr

American International Group, Inc. (AIG) announced Friday it has priced the secondary offering of Corebridge Financial, Inc. (CRBG) common stock at $20.50 per share. The offering is expected to close on December 5, 2023,

U.S. Manufacturing Index Indicates Continued Contraction In November

The Institute for Supply Management released a report on Friday showing a continued contraction in U.S. manufacturing activity in the month of November. The ISM said its manufacturing PMI came in at 46.7 in November,

U.S. Construction Spending Climbs More Than Expected In October

Construction spending in the U.S. rose by more than expected in the month of October, according to a report released by the Commerce Department on Friday, although the report also showed a downward revision to the

Fed Chair Jerome Powell Calls Rate Cut Speculation 'Premature'

While forecasts suggest the U.S. central bank could start cutting interest rates as soon as March, Federal Reserve Chair Jerome Powell called such speculation "premature" during remarks on Friday. Powell acknowledged

Canadian Stocks Recover After Weak Start, Moderately Higher At Noon

Canadian market is up firmly in positive territory at noon on Friday with investors digesting the data showing a notable increase in employment in November, and reacting positively to earnings updates from Bank of