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Latest in Rivian Reassures Investors With Cost Cuts, Green Credit Sales

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  • Rivian Reassures Investors With Cost Cuts, Green Credit Sales

    Rivian Reassures Investors With Cost Cuts, Green Credit Sales

    Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.
    Business - Inc. - 4 days ago

  • PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

    PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.
    Business - The Wall Street Journal - October 17
  • Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

    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 - Yesterday

  • Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV

    Rivian posted a wider loss and lower sales than Wall Street expected, but says it is making progress with its next-generation EV platform.
    Business - MarketWatch - 4 days ago
  • UK ministers seek to reassure bond investors on their borrowing plans

    UK ministers seek to reassure bond investors on their borrowing plans

    Treasury chief secretary Darren Jones sets out ‘guardrails’ for investment
    Business - Financial Times - October 17
  • Barclays’ chief defends Reeves as business criticises Budget tax rises

    Barclays’ chief defends Reeves as business criticises Budget tax rises

    Retail and hospitality bosses warn UK chancellor that national insurance changes will lead to job losses
    Business - Financial Times - October 31

  • 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 - 5 days ago

  • Rivian lowers earnings guidance after missing Wall Street's third-quarter expectations

    Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million.
    Business - CNBC - 4 days ago

  • Frontier's Second Biggest Investor Opposes Sale to Verizon

    Frontier Communications’ second largest investor is the latest stakeholder to come out against the company’s proposed $9.6 billion acquisition by Verizon Communications.
    Business - The Wall Street Journal - October 23

  • Four things for green investors to watch in Trump’s second term

    The president-elect will bring major changes to energy and environmental policy
    World - Financial Times - 4 days ago

  • 7 credit card fees that increase the cost of your debt

    Interest charges aren't the only things that can cause your credit card debt to balloon. These fees can, too.
    Top stories - CBS News - November 1

  • Consumer credit posts small increase as Americans cut back on credit-card purchases

    The amount of credit U.S. consumers used in September rose a scant 1.4%, but the increase was tied mostly to student loan as Americans scale back on borrowing.
    Business - MarketWatch - 4 days ago
  • Fed May Cut Rates in Response to Tight Credit Conditions

    Fed May Cut Rates in Response to Tight Credit Conditions

    This week, the central bank will likely announce reduced interest rates as low demand for loans continues.
    Business - Inc. - 6 days ago
  • Fear that winter fuel payment cut will cost lives

    Fear that winter fuel payment cut will cost lives

    Wales' older people's commissioner says people will die because of the decision.
    Top stories - BBC News - October 20
  • How Trump, Harris propose cutting healthcare costs

    How Trump, Harris propose cutting healthcare costs

    The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...
    Politics - The Hill - October 25

  • 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

  • GSK cuts vaccine sales target on reduced demand

    U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.
    Business - MarketWatch - October 30
  • Honda Motor Cuts Forecasts for Car Sales, Profit

    Honda Motor Cuts Forecasts for Car Sales, Profit

    The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.
    Business - The Wall Street Journal - 6 days ago
  • UK borrowing costs rise as Reeves’ spending plans unnerve investors

    UK borrowing costs rise as Reeves’ spending plans unnerve investors

    Ten-year gilt yield hits five-month high after chancellor’s first Budget
    Business - Financial Times - October 30
  • How are investors preparing for the Budget?

    How are investors preparing for the Budget?

    Executives are seeking to minimise their exposure ahead of what could be the biggest tax-raising statement for a generation
    Business - Financial Times - October 29

  • Euro falls to 2-month low as investors price in interest rate cuts

    Single currency has dropped more than 2% against dollar so far this month
    World - Financial Times - October 15

  • Investors pile into emerging-market funds that cut out China

    Demand for ‘ex-China’ strategies soar as tensions with west linger, despite recent stock rebound
    World - Financial Times - October 23

  • Stellantis to shutter and sell large testing facility amid cost-cutting efforts

    Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.
    Business - CNBC - October 18
  • Stellantis to sell, shutter large testing facility amid cost-cutting efforts

    Stellantis to sell, shutter large testing facility amid cost-cutting efforts

    DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.
    Top stories - NBC News - October 18
  • US consumers cut back on spirits as cost of living pressures bite

    US consumers cut back on spirits as cost of living pressures bite

    Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whisky
    Business - Financial Times - October 22
  • Volkswagen Could Close 3 Plants in Germany to Cut Costs

    Volkswagen Could Close 3 Plants in Germany to Cut Costs

    The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.
    World - The New York Times - October 28
  • For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany

    For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany

    The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.
    Top stories - The New York Times - October 28

  • Spirit Airlines furloughs more pilots as part of efforts to cut costs

    Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...
    Business - MarketWatch - October 31
  • VW boss Blume says company's cost-cutting goals are set

    VW boss Blume says company's cost-cutting goals are set

    World - Yahoo News - November 3

  • 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 - 5 days ago
  • Deutsche’s private bank fires over 100 bankers in cost-cutting drive

    Deutsche’s private bank fires over 100 bankers in cost-cutting drive

    Frankfurt-headquartered lender has imposed demanding targets on underperforming unit
    Business - Financial Times - Yesterday

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

    DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.
    Business - MarketWatch - 19 hours ago

  • Chris Wallace exits CNN as post-election cost-cutting begins

    Wallace moved from Fox News to CNN in late 2021 to be a host on its short-lived streaming service. He hosts "Who's Talking to Chris Wallace?"
    Entertainment - Los Angeles Times - 17 hours ago
  • Estée Lauder shares plunge as China sales slump prompts dividend cut

    Estée Lauder shares plunge as China sales slump prompts dividend cut

    Beauty group’s stock drops 25% after guidance withdrawn for rest of year
    Business - Financial Times - October 31

  • Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

    Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
    Business - CNBC - November 5

  • Nintendo Cuts Switch Sales Forecasts After Weak Results

    The Japanese videogame maker cut its annual forecasts for Switch console and software sales after disappointing first-half results.
    Business - The Wall Street Journal - November 5
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Topics
  • Rivian Reassures Investors
  • Reassures Investors Cost
  • Investors Cost Cuts
  • Cost Cuts Green
  • Cuts Green Credit
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