Latest in Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
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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 expensesBusiness - MarketWatch - October 30 -
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Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.Business - CNBC - October 31 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
Google CEO says more than 25 percent of company's new code written by AI
More than a quarter of Google's new code is being generated by artificial intelligence (AI), CEO Sundar Pichai revealed during Tuesday's third-quarter earnings call for the leading tech company. ...Politics - The Hill - October 30 -
Companies rush to US bond market as Trump rally cuts borrowing costs
Borrowers ‘strike while the iron’s hot’ to raise more than $50bn this weekBusiness - Financial Times - 6 days ago -
Companies brace for Tuesday: Mentions of election surge on earnings conference calls
More companies are talking publicly with investors about the presidential election than in recent cycles.Business - CNBC - November 2 -
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 -
Ukrainian Soldiers Say Trump's Peace Push Could Come With a Huge Cost
A rapid conclusion to the war now would likely leave Kyiv with the rough end of the deal.World - The Wall Street Journal - November 8 -
BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - November 7 -
10-year Treasury yield jumps on week as Powell says Fed not in a hurry to keep cutting rates
The 10-year Treasury yield inched higher on Friday as investors digested Federal Reserve Chair Jerome Powell's latest comments and await further economic data.Business - CNBC - 5 days ago -
Big companies are seeing more turnover in the CFO chair. Here's why that matters
CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023.Business - CNBC - October 26 -
How games companies can attract (and keep) new talent
Microsoft's Dametra Johnson-Marletti spoke at GamesBeat Next's Women in Gaming Breakfast about ways gaming can nurture its future leaders.Tech - VentureBeat - November 7 -
Societe Generale Taps Sabadell's Alvear as New CFO
The French bank outlined several management changes as it reported a sharp rise in net profit for the third quarter, helped by higher banking income.Business - The Wall Street Journal - October 31 -
New Lord Mayor to push pension funds to invest more in London-listed companies
Alastair King takes office in the Square Mile on Friday and says measure necessary to boost stock marketWorld - Financial Times - November 8 -
Bangladesh’s leader says ‘no place’ for Sheikh Hasina’s ‘fascist’ party
Muhammad Yunus says will not seek exiled leader’s extradition from India before domestic tribunal’s verdictWorld - Financial Times - October 30 -
Hospitals in firing line of forgotten war
Sudan’s brutal civil war is taking a devastating toll on the country’s health facilitiesWorld - Financial Times - October 30 -
Why EU defence and security policy will stay in the hands of capitals
Also in this newsletter: wading into France’s budget messWorld - Financial Times - October 30 -
With healthy Tua Tagovailoa, can rejuvenated Dolphins make late push for postseason berth?
The Dolphins are 4-6 but have won back-to-back contestsSports - CBS Sports - 3 hours ago -
Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO
Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.Business - MarketWatch - October 31 -
Barcelona mayor defends ban on tourist flats saying ‘drastic’ action needed to cut housing costs
Jaume Collboni determined to follow through with plan that he says will return 10,000 properties to city’s residents. The decision made headlines around the world, sparking surprise and threats of ...World - The Guardian - 2 days ago -
Google’s strong earnings boosted by cloud computing gains
Parent company Alphabet’s shares rise 6% as results show lift from AI demandBusiness - Financial Times - October 30 -
Apple analyst Kuo says company cut iPhone 16 orders by 10 million units
Apple shares slid Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.Business - CNBC - October 23 -
49ers' Christian McCaffrey expected to make season debut Sunday vs. Bucs, says Kyle Shanahan
The Niners are ready to run CMC.Sports - Yahoo Sports - November 8 -
Abuse survivors call for further Church of England resignations
The Archbishop of Canterbury has announced he will step down over a damning report into abuse.Top stories - BBC News - November 13 -
Don't delay making stroke 999 call , says NHS
The average time taken to call an ambulance for a stroke was nearly 88 minutes, analysis found.Top stories - BBC News - November 4 -
Why ‘Affordable Housing’ in New York City Can Still Cost $3,500 a Month
Soaring rents and few options have made it hard for average people to live in the city. Even “affordable” units often cost too much.Top stories - The New York Times - November 12 -
X Names New CFO as Musk Shifts Focus to Trump Administration
Mahmoud Reza Banki, former Tubi finance chief, joins platform amid financial challenges.Business - The Wall Street Journal - November 13 -
Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.Top stories - CBS News - 14 hours ago -
DOJ calls for breakup of Google and sale of Chrome
The Justice Department is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market.Top stories - NBC News - 9 hours ago -
Google vs the DoJ fight will be decided by a political call
How the new Trump administration acts on the case will be a key test of its attitude to Big TechWorld - Financial Times - 51 minutes ago -
23andMe’s stock falls after company says there’s substantial doubt it can stay in business
Shares of 23andMe fell 4% Tuesday after the DNA-testing company reported its latest quarterly loss and included “going concern” language in its financial statements, shedding gains made late Monday ...Business - MarketWatch - November 12 -
Starbucks turnaround plan has ‘merit’ but its unknown cost makes the stock a ‘sell,’ analyst says
Redburn Atlantic’s Edward Lewis downgrades coffee-shop giant after new Chief Executive Brian Niccol unveils his “Back to Starbucks” plan.Business - MarketWatch - November 13 -
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Why it costs India so little to reach the Moon and Mars
India has approved 227bn rupees ($2.7bn) for new space projects - but the funding is far from lavish.Top stories - BBC News - November 4 -
Trump’s ex-chief of staff says he is a fascist and would govern as a dictator
Four-star US General John Kelly’s claims were reported in blockbuster comments to The New York TimesWorld - Financial Times - October 23
