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ECB Governing Council member Machrouf: We need to address inflation in advance.June 12th Futures News: On June 12th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 236,681 tons, an increase of 872 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 1,557 tons, an increase of 600 tons compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,640 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 3,116 tons. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 95,070 tons, a decrease of 1,150 tons from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.ECB Governing Council member Koch said that raising interest rates will help stabilize the situation, and inflation should not be expected to reach the levels of 2022 and 2023. The key is that price shocks will not lead to a market deadlock. The ECB will take decisive measures to ensure that the medium-term inflation rate falls to 2%.The German DAX 30 index opened 372.79 points higher, or 1.54%, at 24,582.68 on Friday, June 12; the UK FTSE 100 index opened 71.37 points higher, or 0.69%, at 10,375.25; and the French CAC 40 index opened 110.87 points higher, or 1.35%, at 8,311.67. The Stoxx 50 index opened 89.39 points higher, or 1.48%, at 6146.35 on Friday, June 12; the Spanish IBEX 35 index opened 307.60 points higher, or 1.68%, at 18597.70 on Friday, June 12; and the Italian FTSE MIB index opened 638.76 points higher, or 1.26%, at 51143.50 on Friday, June 12.According to Futures News on June 12, as of 15:00 Beijing time, spot platinum rose 0.53% and spot palladium rose 2.05%.

Meta Preparing Thousands of Layoffs in Latest Tech Industry Retrenchment

Aria Thomas

Nov 07, 2022 14:05

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The parent firm of Facebook, Meta Platforms (META), will lay off hundreds of staff this week, the Wall Street Journal reported on Sunday, citing individuals familiar with the matter. Wednesday is planned for the announcement.


Meta will be the second technology business in recent weeks to announce layoffs or hiring restrictions, as the sector prepares for a sales downturn.


Meta has 87,000 workers as of September, and this will be the first significant layoff in the company's 18-year existence.


Following Elon Musk's purchase of Twitter, the firm declared it will reduce its personnel by up to 50 percent. Amazon said it will halt additional recruiting. Lyft said that it will reduce its personnel by an extra 13% in its second wave of layoffs. Stripe revealed a 14 percent reduction in its staff.


Meta refused to comment on the layoffs, but referenced CEO Mark Zuckerberg's recent declaration that the business will "concentrate its spending on a few of high-priority growth areas."


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