WS #11150
Microsoft is reportedly planning layoffs affecting under 2.5% of its workforce, adding to negative sentiment for MSFT and the broader tech sector. The Getty-Shutterstock merger has collapsed after UK regulators required Shutterstock to divest its editorial unit, negative for both stocks. Fed funds futures are pricing in a potential rate hike as soon as July, a previously unthinkable move that could derail risk assets.
Microsoft layoffs planned
Microsoft is reportedly planning layoffs affecting under 2.5% of its workforce, adding to negative sentiment for MSFT and the broader tech sector.
The Getty-Shutterstock merger has collapsed after UK regulators required Shutterstock to divest its editorial unit, negative for both stocks.
Fed funds futures are pricing in a potential rate hike as soon as July, a previously unthinkable move that could derail risk assets.