23andMe to slash 40% of its workforce, end therapeutics program to cut costs

Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.

Business - The Wall Street Journal - 3 days ago

USA Track and Field will bring US Paralympics track and field program under its roof in January

USA Track and Field is bringing the U.S. Paralympics Track & Field program in-house beginning Jan. 1 as part of a partnership that will unite all of its athletes

Sports - ABC News - October 30

Lindsey Vonn ending retirement, returning to skiing and U.S. team at age 40

She won't commit to the 2026 Olympics, but no one would be surprised to see her there.

Sports - Yahoo Sports - 6 hours ago

How a 40-Year-Old Goalkeeper Ended Lionel Messi’s M.L.S. Season

It’s been 18 years since Brad Guzan first played for the U.S. men’s national team. He views talk of a return to that level as a “joke.”

Sports - The New York Times - 25 minutes ago

South Carolina becomes second D-1 program to reach multiple 40-game winning streaks with victory over NC State

The Gamecocks beat the Wolfpack by double digits in Sunday's Final Four rematch

Sports - CBS Sports - 3 days ago

Amazon plans to shut down Freevee, its no-cost streaming service

Amazon will phase out its streaming service Freevee, the company confirmed. The free, ad-supported service was the original home for the series 'Jury Duty.'

Entertainment - Los Angeles Times - Yesterday

China cuts interest rates in battle to hit year-end growth target

Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growth

World - Financial Times - October 21

Hong Kong cuts liquor tax in an effort to reignite its nightlife industry

Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene

World - ABC News - October 16

The Fed Looks Like It Made a Mistake With Its Jumbo Rate Cut

Strong economic data and a still-hot economy has made some experts wonder whether the central bank made the right call with its jumbo rate cut.

Business - Inc. - October 18

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned

World - ABC News - November 7

Inside the fall of 23andMe

Once worth $6 billion, 23andMe has lost 98% of its value and is on the verge of being delisted from the Nasdaq. So what happened?

Business - CNBC - October 23

40% of investors are considering this money move after the election: It may cost them 'really great gains,' says market strategist

Making decisions about your portfolio based on the election will likely cost you, experts say. Here's how to keep anxiety from hurting your finances.

Business - CNBC - November 5

European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target

World - ABC News - October 17

Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say

Many market watchers predicted a bearish year ahead for crude.

Business - CNBC - Yesterday

How much does a $25,000 HELOC cost monthly now that rates were cut?

A $25,000 HELOC comes with inexpensive monthly payments right now, and they could become even cheaper in the months to come.

Elon Musk Is Giving Away $1 Million a Day in Bid to be the 'Secretary of Cost-Cutting'

Four days spent barnstorming Pennsylvania for Donald Trump highlighted support for the tech titan leading a new government efficiency effort.

Business - The Wall Street Journal - October 21

How much does a $30,000 home equity loan cost per month now that rates were cut?

A $30,000 home equity loan comes with inexpensive monthly payments now that interest rates have been reduced.

Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs

A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.

Business - CNBC - October 25

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - October 25

Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts

In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.

Business - CNBC - October 30

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - October 30

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely. . UK government borrowing costs have risen to their highest level ...

World - The Guardian - October 31

Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts

Following comments on Google's earnings call about continuing cuts, employees wanted answers at the company's latest all-hands meeting.

Business - CNBC - November 1

Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold

Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.

Business - CNBC - November 7

Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run

The president-elect’s plan may do more harm than good, experts said.

Business - MarketWatch - 6 days ago

How much would a $10,000 home equity loan cost monthly now that rates are cut?

Home equity loan interest rates are on the decline. Here's how much a $10,000 loan costs per month right now.

Lindsey Vonn to end five-year retirement and rejoin US ski team aged 40

US ski star making shock comeback after five years away Vonn, 40, could make first appearance at Beaver Creek Lindsey Vonn, the three-time Olympic medalist and four-time World Cup overall ...

World - The Guardian - 9 hours ago

Olympic champion Lindsey Vonn is ending her retirement at age 40 to make a skiing comeback

Lindsey Vonn says she is coming out of retirement to rejoin the U.S. Ski Team in an attempt to race again at age 40

Sports - ABC News - 1 hour ago

Man United makes its worst league start in almost 40 years after 1-1 draw with Chelsea

Moises Caicedo’s stunning long-range volley has secured a 1-1 draw for Chelsea against Manchester United in the Premier League

Sports - ABC News - November 3

Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.

The future could see more megamergers, middle-market deals and initial public offerings.

Business - MarketWatch - Yesterday

23andMe succumbs to a dismal genetic destiny

Was it nature or nurture? In the unhappy case of a DNA testing company and its sliding share price, the answer is both

Business - Financial Times - October 16

Ravens' decision on final play vs. Bengals cost them a place in NFL history, ended a long streak

Baltimore could have tied NFL history

Sports - CBS Sports - 6 days ago

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