Welcome to Markets Desk, your midday read on what's moving markets and business.
Meta is reshuffling its marketing leadership after Cannes Lions, with longtime CMO Alex Schultz moving into a newly created chief data officer role — the first in company history. Denise Moreno steps in as CMO, signaling Meta is treating data infrastructure as a C-suite priority in its own right.
On the student debt front, borrowers enrolled in the SAVE repayment plan are now receiving formal notices to switch plans, following a court ruling that effectively ended the program. Servicers will notify up to two hundred fifty thousand borrowers each week, giving recipients ninety days to select a new repayment structure before automatic reassignment kicks in.
And Micron Technology is approaching an ex-dividend date to watch — shares go ex-dividend on July sixth, with a quarterly payout of fifteen cents per share, payable July twenty-first. With Micron trading near one thousand forty-four dollars and forty-nine cents, the yield is modest, but the stock's run makes the timing worth noting for income-focused holders.
That's the tape. Markets Desk, signing off the floor.
