Gap, all falling very hard as you can see there. Well go shopping for opportunity in that Retail Sector later on, buy gold now thats the message from one top wall street firm we will debate if there is any shine left in that big trade we start first with breaking news out of disney the stock is moving lower in the after hours session as the Company Announces some very, very major job cuts. Lets get to our own Julia Boorstin with the details. These are tens of thousands. Thats right. Disney is laying off 28,000 domestic employees, hourly, sal rye e aried and executive roles. In light of the prolonged impact of covid19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic exacerbated in california by the states unwillingness to lift restrictions that would allow disneyland to reopen, we have made the difficult decision to begin the process of reducing our workforce at our parks, experiences
They tried to settle claims of thousands of former employees saying they were cheated of severance payments. The Billionaire Elon Musk laid them off after acquiring the social media platform last year. That is news coming through from x, or twitter, whatever you like to call it. That just breaking on the bloomberg terminal. Having a look at markets in play, just checking in with what we have, it is a day where we are seeing mixed fortunes ultimately and we have asian equities in cautious mood. We had the hang seng which started the day going great, but we have turned tail now, off by 0. 3 . The nikkei to 25 continuing its winning streak, up 1 and leading the charge across this part of the world. If you look in the column, we are seeing treasury yields layout as well and making themselves felt in this part of the world. We have got the sale of securities taking place from the bank of japan, and this is all taking place as we do sees elation mounting that the boj meeting is set to normal
Most of the port-to-cement conglomerate’s stocks are yet to fully recover from Hindenburg report setback. Share prices of six of the nine group companies are trailing the prices they saw before the release of the report.
HINDENBURG: SC rejects pleas to hand over Adani probe from SEBI to SIT tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
India Business News: The Supreme Court decided against ordering a SIT or CBI probe into the Gautam Adani-Hindenburg Research controversy. Instead, the court directed Sebi