Telefonica will book a cost of €2.5 billion ($2.9 billion) to pay for the exit of about 5,500 employees as part of a sweeping cost-reduction plan https://t.co/mWt0xvju7f ...

Core Viewpoint - Spanish telecoms giant Telefonica announced its decision to delist its American Depositary Shares (ADS) from the New York Stock Exchange, attributing this move to the administrative burden and costs associated with maintaining the listing [1] Group 1 - Telefonica cited the administrative burden as a significant factor in its decision to delist from the NYSE [1] - The company also mentioned the costs involved in keeping the ADS listed as a reason for the delisting [1]

Market Overview - Stock futures are lower, with S&P 500 futures down 0.2% and Nasdaq 100 contracts down 0.3%, as traders await delayed jobs data that will influence the Federal Reserve's next move [1] - European equities are little changed, while Treasuries are lower, pushing 10-year yields up 0.5 basis points to 4.175% [1][12] - Bitcoin experienced a drop of more than 1% before recovering above $87,000 [1] Employment Data Expectations - The non-farm payrolls report is expected to show a consensus of 50,000 jobs added for November, with a whisper number of 22,000, and an anticipated unemployment rate increase to 4.5% [2][23] - Bloomberg Economics suggests the US economy could have added as many as 130,000 jobs, indicating a wide range of estimates and uncertainty surrounding the report [2] - The report will also include delayed estimates for October payrolls due to the federal shutdown, adding to the unpredictability of the data [2] Sector Performance - In premarket trading, all major tech stocks (Mag 7) are lower, with declines ranging from 0.1% to 1% [6] - Accenture shares rose 1.9% after an upgrade from Morgan Stanley, citing compelling valuation following a pullback [7] - Cognex shares increased by 3.7% after being upgraded to buy by Goldman Sachs, noting an inflection point in organic growth and margin recovery [7] Investor Sentiment - Fund managers are showing increased confidence in the outlook for 2026, with investor sentiment rising to 7.4 on a scale of 10, the most bullish outcome in four and a half years [8] - Despite cautious market conditions, managers are optimistic about the upcoming year, reflecting a strong sentiment shift [4] Geopolitical Impact - Improved prospects for a peace deal between Ukraine and Russia are affecting equity markets, particularly in the defense sector, where European defense stocks are underperforming [9] - Speculation around a potential ceasefire has led to declines in defense shares, with notable drops in companies like Rheinmetall AG and Leonardo SpA [9]

Entel said it will no longer bid jointly with America Movil for Telefonica’s Chilean unit and will instead evaluate participating alone https://t.co/sesV3tNlPo ...

Core Insights - OneMeta Inc. has appointed three former technology leaders as Strategic Advisors, indicating a strong commitment to enhancing its strategic direction and operational capabilities [2][4] - The company specializes in AI-driven multilingual communication technologies, with its Verbum Suite designed to facilitate real-time multilingual interactions [3][8] Company Developments - The newly appointed advisors are Paul Jarman, former CEO of NICE CXone; Manoel Amorim, former CEO of Telefonica Brazil; and Bob Erickson, former CTO for Technology Strategy & Enterprise Data at U.S. Bank [2][4] - All three advisors have become shareholders in OneMeta, reflecting their confidence in the company's mission and long-term strategy [2] Advisor Contributions - Paul Jarman brings over two decades of experience in scaling SaaS and cloud innovations across large organizations, having led NICE CXone to global prominence [5] - Manoel Amorim has extensive leadership experience in telecommunications and finance, including roles that contributed to significant public offerings [6] - Bob Erickson's background in enterprise architecture and cloud transformation in regulated environments adds valuable insights to OneMeta's strategic planning [7] Industry Context - There is a growing demand for real-time multilingual communication solutions among enterprises worldwide, which OneMeta aims to address with its advanced technology [3][4]

Telefonica aims to cut at least 5,040 jobs as part of a sweeping plan to slash costs, the top union representing its workers said https://t.co/sTHGZVVM31 ...

Telefonica has proposed laying off 5,040 people in Spain as part of cost-cutting efforts envisaged in its new strategy, trade union UGT said on Monday. ...

Core Viewpoint - French banking giant ODDOBHF has launched a euro-backed stablecoin named EUROD, marking its entry into the cryptocurrency sector [1] Group 1: Company Overview - ODDOBHF manages assets exceeding €150 billion (approximately $173 billion) [1] - The stablecoin EUROD will be available on the Madrid-based cryptocurrency platform Bit2Me, which is supported by major institutions including telecom giant Telefonica and banking giants Unicaja and BBVA [1] Group 2: Regulatory Compliance and Market Position - EUROD complies with the European Union's MiCA regulatory requirements, targeting both retail and institutional users [1] - Bit2Me's CEO Leif Ferreira stated that the launch of ODDOBHF's euro stablecoin is a significant step towards providing trusted regulated digital assets on the platform [1]

An executive shake-up, potential job cuts and a pledge to do more deals all offer glimpses into the Telefonica chairman’s ongoing strategic review https://t.co/Xgl1HBEvez ...

Mexico’s America Movil and Chile’s Entel are working on a joint bid for Telefonica’s Chile unit, sources say https://t.co/q4PPEnv78w ...