Bristol Myers Squibb plans $2 billion in cost cuts by 2027, issues weak guidance

Bristol Myers' stock decline in response to weak guidance is a gift to investors

The heart of our investment thesis in the drugmaker remains intact.

CNBC - 5h

Bank of England expects to cut borrowing costs further after rate cut today – business live

UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound sliding. Bank of England cuts interest rates to 4.5% but halves UK growth ...

The Guardian - 8h

Ford’s weak guidance sends automaker’s stock sliding

Carmaker raises alarm with a light guidance for the year, saying profits will be marred by “headwinds related to market factors.”

MarketWatch - 20h

What cutting USAID could cost America?

The Trump administration’s moves to dismantle USAID has stoked fears that America will lose its standing on the world stage as rival powers fill the void.

NBC News - 2d

‘If you’re weak, he eats you’: Luxembourg’s foreign minister issues advice to EU on handling Trump - Europe live

EU leaders trade minister meet in Warsaw as bloc continues to work handle challenges US president presents. Luxembourg’s foreign minister Xavier Bettel wins the day in Warsaw with the most ...

The Guardian - 2d

Democrats want answers on cost-cutting prescription payment models abandoned by Trump

House Democrats want to know what the Trump administration plans to do after it rescinded a Biden-era executive order to study potential payment models for lowering prescription drug costs, looking ...

The Hill - 6d

Intel issues weak forecast, but beats on fourth-quarter results

Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.

CNBC - 6d

UPS shares tank 14% after weak guidance, plan to slash Amazon deliveries by more than half

UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.

CNBC - Jan. 30

UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

Shares of United Parcel Service plunged more than 15% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its largest customer, by ...

NBC News - Jan. 30

Deutsche Bank is a victim of its own success as it hikes cost guidance

Deutsche Bank delivered bad news on spending, and investors weren’t happy.

MarketWatch - Jan. 30

Microsoft shares slip on weak quarterly revenue guidance

Microsoft intends to address execution challenges in its key cloud unit, while continuing to endure supply constraints.

CNBC - Jan. 30

SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push

Corporate travel platform TravelPerk raised $200 million from investors including Atomico and EQT in a funding round valuing the startup at $2.7 billion.

CNBC - Jan. 28

As wildfire damage climbs to $40 billion, homeowners face higher insurance costs

S&P Global expects home insurance rates to be ‘heavily impacted’ by LA wildfires

MarketWatch - Jan. 24

Twilio stock surges after company issues optimistic 2027 profit forecast

Twilio wants to grow in conversational artificial intelligence while also becoming more profitable.

CNBC - Jan. 23

The Cost of the Los Angeles Fires Is Looking Like $30 Billion—and Counting

While the insurance cost of the devastation is estimated to be around $30 billion, another tally puts the total damage at upward of $250 billion.

Inc. - Jan. 23

Sainsbury’s to cut 3,000 jobs as rising costs hit business

Supermarket chain will lose a fifth of senior management roles and close in-store cafés

Financial Times - Jan. 23

Divvy Homes, Once Valued at $2 Billion, Is Sold for Half That Price

The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates ...

The New York Times - Jan. 23

Oracle Shares Surge as Trump Reveals $500 Billion AI Plan

Oracle saw massive growth today.

Inc. - Jan. 22

EA shares drop 7% after company lowers guidance due to weakness in soccer, other games

Electronic Arts slashed its full-year guidance on Wednesday, blaming the shortfall on underperforming games, in particular, its soccer franchise.

CNBC - Jan. 22

Elon Musk's DOGE has a new cost-cutting target: the U.S. penny

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

CBS News - Jan. 22

Johnson & Johnson clears a few hurdles, but Wall Street focuses on weak guidance

Johnson & Johnson’s stock dropped more than 3% Wednesday after the medical-technology and drug company beat estimates for the fourth quarter but as lower sales guidance for the year stoked fears of ...

MarketWatch - Jan. 22

'Moana 2' tops $1 billion, extending Disney's box office domination

The Walt Disney Company’s box office domination continued over the holiday weekend.

NBC News - Jan. 21

'Moana 2' tops $1 billion, extending Disney's box office domination

Walt Disney Animation's "Moana 2" has crossed $1 billion at the global box office.

CNBC - Jan. 21

Musk Is Likely to Get a West Wing Office for His Cost-Cutting Project

The world’s richest man had been expected to be situated in the Eisenhower Executive Office Building, but a West Wing office would give him closer access to President Trump.

The New York Times - Jan. 20

DOE Title IX memo issues new guidance in paying NIL student-athletes

The U.S. Department of Education has released guidance that says schools must make name, image, and likeness (NIL)-related compensation "proportionately" available.

ABC News - Jan. 17

Citigroup Slashes Jobs as Cost-Cutting Continues

Targets include senior managers in the banking giant’s wealth, technology and data analysis units.

Inc. - Jan. 17

Two Watchdogs Were Rebuffed From Joining Trump’s Cost-Cutting Effort

“We have no room in our administration for Democrats,” a transition spokeswoman replied after good-government activists tried to join the president-elect’s new efficiency department.

The New York Times - Jan. 16

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

CNBC - Jan. 16

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance

Financial Times - Jan. 16

BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.

BBC News - Jan. 16

Oil major BP to cut thousands of jobs in cost-saving drive

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

CNBC - Jan. 16

A.I. Military Start-Up Anduril Plans $1 Billion Factory in Ohio

The company said its Columbus plant could eventually produce tens of thousands of autonomous systems and weapons each year.

The New York Times - Jan. 16

TSMC cuts profitability target as cost of diversifying supply chains bites

World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand

Financial Times - Jan. 16

Capital One Is Accused of Cheating Customers Out of $2 Billion

Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.

The New York Times - Jan. 14

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

CNBC - Jan. 13

L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.

MarketWatch - Jan. 10

Anthropic in Talks for $2 Billion Funding Round

The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.

The New York Times - Jan. 8

AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.

Inc. - Jan. 8

Tips for cutting down winter heating costs and electricity bills

From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...

NBC News - Jan. 8

USWNT coach Emma Hayes reveals plan for USA soccer for 2027 Women's World Cup and beyond

The USWNT will kick off the new year with a camp in Southern California and a new-look strategy aimed at player development

CBS Sports - Jan. 8

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