Things may be bright for the markets in the 2nd half of 2023.
Published: Sun, 07/02/23
The Week Ahead
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Investors are kicking off a new week this week as well as a new half to the rest of 2023. The market will have a shorter trading week with it being closed on Tuesday to celebrate 4th of July. Economists are anticipating that job growth slowed down in June and the unemployment rate is expected to decline again. The labor report will reveal the numbers on Friday. The S&P Global and the Institute for Supply Management will also release their monthly looks at manufacturing activity on Monday, and the services sector on Thursday. |
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Nokia has renewed its patent license agreement with Apple, covering 5G and other technologies. The network infrastructure and 5G technology provider has signed a new long-term patent license agreement with Apple to replace the current deal between the two companies that is set to expire at the end of 2023. The deal enables Apple to use the Nokia's technology in its products, covers Nokia’s inventions in 5G and other technologies. The terms of the agreement announced late Friday remain confidential. Nokia expects to recognize revenue related to the agreement starting January 2024, and the company said the deal is consistent with its long-term outlook disclosed in the first quarter. “The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies,” Nokia Technologies President Jenni Lukander said in a statement. |
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