Thursday, 31 October, 2024
Archr News Update
TRICKS WITHOUT TREATS: General feed back on Reeves UK budget: tax up (check), govt spending up (check), inflation up (check) growth… missing. Small businesses particularly vocal on huge new costs (min wage and NI).
– THE AI’S HAVE IT: Meta (prob the most loved name in US tech) fell after hours, Zuckerberg’s spending plans go-on unabated which took shine off numbers.
– CLOUD TO SILVER LININGS: Microsoft hit after hours, cautioned cloud revenue growth will slow, margins will shrink and expenses will rise – did talk up AI demand though!
