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16.10.25 - 15:09
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Futures Rise As Strong TSMC Results Reboot AI Optimism (ZeroHedge)
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Futures Rise As Strong TSMC Results Reboot AI Optimism
Stock futures rose as an olive branch from Treasury Secretary Bessent calmed trade-war fears, while a guidance hike from chipmaker TSMC (which saw profit rise 39%) rejuvenated the AI narrative. Mood was boosted as earnings beats continue to roll in and some traders are ramping up bets for a half-point Fed rate cut by year-end. As of 8:00am ET, S&P futures are up 0.4%, with support from technology sector earnings, driving slight outperformance by Nasdaq 100 futures which are up 0.6%. Pre-market Mag7 names are all higher with Semis seeing a bid (AVGO +1.6%, NVDA +1.2%) with Cyclicals and Defensives indicated higher but Cyclicals outperforming. Europe's Stoxx 600 also rose, with Nestlé SA jumping more than 8% after reporting a rebound in sales and unveiling plans to cut 16,000 jobs. Bessent floated a longer-term US / China truce with the current agreement set to expire on Nov 10; the rare earth restrictions are receiving pushback from...
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16.10.25 - 13:12
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Neuer Nestlé-CEO setzt Priorität auf schnelleres Wachstum und baut 16’000 Stellen ab (Moneycab)
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Der neue Nestlé-CEO Philipp Navratil ist mit einem Paukenschlag gestartet. Nur rund zwei Wochen nach seinem offiziellen Amtsantritt hat er bereits ein grösseres Sparpaket inklusive einem Abbau von 16'000 Stellen angekündigt... --- Navratil profitierte bei seinem Auftritt von guten Geschäftszahlen. Das dritte Quartal war das beste seit fast zwei Jahren, auch wenn die Zahlen noch voll in die Verantwortung von Navratils Vorgänger Laurent Freixe fielen..
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16.10.25 - 11:00
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Nestlé to axe 16,000 jobs as new chief targets sales growth (The Guardian)
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Almost 6% of global workforce will be cut over next two years, including 12,000 white-collar professionalsBusiness live – latest updatesEurope live – latest updatesNestlé has said it will cut 16,000 jobs over the next two years as the owner of KitKat and Nescafé attempts to reduce costs and boost sales.The Swiss-headquartered multinational said the cuts would include 12,000 white-collar professionals and 4,000 in its manufacturing and supply chain, close to 6% of Nestlé's global workforce. Continue reading......
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