Unilever Plc has struck a deal with the company's European Works Council to trim down an earlier announced headcount reduction, resulting in about 1,500 jobs being saved, along with about 1,000 jobs being shifted to the ice cream unit. News agency Reuters reported this development earlier on November 15, citing the head of Unilever's European Works Council.
Open FlipNvidia Corp's upcoming results will guide the US stock market's next path, with its dominant AI business and massive market value making it a key gauge for tech stocks and sentiment. Nvidia's results will influence market benchmarks, and its expected strong performance could boost risk appetite and support the market's lofty valuation.
Open FlipWall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump. Federal Reserve Chair Jerome Powell on Thursday cited ongoing economic growth, a solid job market, and inflation.
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