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

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

Netflix is raising prices. Here’s how much more your plan will cost.

Netflix is raising the price of its standard ad-free plan for the first time in three years, though it will still cost less than the comparable version of Hulu,

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

US Debt Faces Record as Trump and GOP Plan Tax Cuts

The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

The New York Times - 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

Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs

Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.

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

Just 2 in 10 confident Trump can lower costs in first year: Survey

Only approximately 2 in 10 Americans say they are confident that President-elect Trump can lower costs in his first year in office, according to a new survey from The Associated Press-NORC Center ...

The Hill - Jan. 16

Everton’s plan to cut short Armando Broja loan hits hitch with Chelsea

Chelsea ask for total loan cost to be paid before return Striker is injured and set to miss most of rest of season Everton’s attempt to cut short Armando Broja’s loan has hit complications with ...

The Guardian - 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

FDA to cut nicotine from cigarettes, in plan first floated under Trump

It will be up to the returning Trump administration to decide whether to finalize the rule.

CBS News - Jan. 15

Pakistan's premier welcomes World Bank's 10-year funding plan of $20 billion

Pakistan’s prime minister has welcomed the first-of-its-kind agreement with the World Bank under which his country will receive $20 billion in the next decade to invest in renewable energy, ...

ABC News - Jan. 15

Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says

The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.

MarketWatch - Jan. 15

How do UK regulators plan to cut back rules and boost growth?

Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economy

Financial Times - Jan. 15

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

CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest

The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.

CNBC - Jan. 14

Inside Elon Musk’s Plan for DOGE to Slash Government Costs

Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.

The New York Times - Jan. 13

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

UK companies plan to invest in AI instead of hiring staff as costs rise

A new poll says 51 per cent of business leaders aim to redirect investment this year

Financial Times - Jan. 13

Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs

Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.

CNBC - Jan. 10

Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup

Tilray Brands’ stock fell Friday after the beer and cannabis company said it expects a $20 million impact on its full-year revenue as it embarks on a cost-cutting plan that will reduce the number ...

MarketWatch - Jan. 10

Why Elon Musk had to drop his ‘DOGE’ pledge to cut $2 trillion from the federal budget

We told you he would months ago, when he made the promise.

MarketWatch - Jan. 10

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

Bang & Olufsen Confirms Guidance

The consumer-electronics company maintained its full-year guidance and said it is now ready to accelerate its strategic plan to drive profitable growth.

The Wall Street Journal - Jan. 10

4 in 10 companies planning job cuts due to AI: Survey

Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...

The Hill - Jan. 9

Elon Musk says DOGE probably won't find $2 trillion in federal budget cuts

Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on a goal he set ...

NBC News - Jan. 9

Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle

With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.

MarketWatch - Jan. 8

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

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

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