S4 Capital Reports Decline in Sales and Earnings, Martin Sorrell Cites Challenging Year
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Stocks slipped on Wednesday as disappointing earnings reports from big tech companies, known as the 'Magnificent Seven,' fell short of expectations. Cloud sales growth and demand for AI tools have slowed, possibly due to fears of a global economic slowdown. The S&P 500 index dropped 1.43% in response. The European Central Bank left interest rates unchanged at 4%, but concerns about a recession in Europe persist. In the UK, the housing market is projected to continue its decline, with prices not expected to recover until 2025. The triple lock, which ensures that the full new State Pension will rise in line with earnings, is set to take effect next April. However, the Institute for Fiscal Studies (IFS) claims that the State Pension would be 11% lower if it had grown in line with prices or ea...
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