Rivian Reassures Investors With Cost Cuts, Green Credit Sales

Nintendo cuts profit guidance on reduced Switch sales forecast

Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.

Business - MarketWatch - November 5

Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.

Business - The Wall Street Journal - November 6

Ford to cut 800 UK jobs as electric car sales stall

The move is part of a wider restructuring programme, which will see 4,000 posts closed across Europe.

Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.

Business - The New York Times - 3 days ago

UK cuts fines for boilermakers in climbdown on heat pump sales

Shift comes after intense lobbying from industry over incoming penalties tied to net zero targets

World - Financial Times - 3 days ago

Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.

Business - CNBC - November 1

Why credit card debt forgiveness is worth it even with more Fed rate cuts

Another interest rate cut was just issued. Here's why you should still pursue credit card debt forgiveness anyway.

Why credit card rates remain high, even after interest rate cuts

Credit card interest rates stand near a record high.

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

Marjorie Taylor Greene to head new DOGE House subcommittee with plans to cut 'waste'

Rep. Marjorie Taylor Greene will chair a new subcommittee aimed at eliminating government waste under the newly formed “Department of Government Efficiency.”

Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off

Tech - ABC News - October 30

AI startup CoreWeave closes $650 million secondary share sale, with Cisco joining as investor

Cisco and Pure Storage have backed CoreWeave, which is taking on Amazon in supplying cloud-based Nvidia graphics cards to companies for artificial intelligence.

Business - CNBC - November 13

Stock-market investors should treat Trump and Harris election playbooks with caution

Wall Street makes trading elections sound as easy as falling off a log. Reality often disappoints.

Business - MarketWatch - November 4

How Trump’s win and the latest interest-rate cut will affect you as a consumer, homeowner and investor

Also: Expensive stocks, a Medicare warning and another milestone for Nvidia.

Business - MarketWatch - November 8

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

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 - November 8

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.

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 - 4 days ago

Apple's four-phone strategy is lagging. One idea to reviving sales: Cut the cameras

Every year since 2020, when Apple moved to a four-model lineup, one of them has lagged in terms of sales.

Business - CNBC - November 12

23andMe reports sales decline a day after announcing plans to cut 40% of workforce

Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.

Business - CNBC - November 12

Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe

Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of ...

World - ABC News - 3 days ago

Canada's Trudeau to cut sales tax and send checks to millions of Canadians as election looms

Canadian Prime Minister Justin Trudeau plans to temporarily lift the federal sales tax off a slew of items and send checks to millions of Canadians who are dealing with rising costs as a federal ...

World - ABC News - 2 days ago

Arizona counties work to reassure voters of election transparency

Two counties in Arizona upgraded their election ballot processing facilities in a push for greater transparency. Ed O'Keefe got a look at the state-of-the-art facilities.

Biden Officials Try to Reassure COP29 Climate Talks

Negotiators at the summit in Azerbaijan fear that the return of Donald Trump will sap momentum for global climate action.

Science - The New York Times - November 14

The U.S. Response to Bird Flu is Not Reassuring the World

The U.S. needs to reassure the world it has the outbreak under control.

Top stories - The New York Times - 4 days ago

Rivian Maintains Profitability Target Despite Part Shortage

The carmaker said a part shortage in the third quarter hampered factory production, but it is still on track to report its first gross profit by year-end.

Business - The Wall Street Journal - November 7

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles.

Business - The New York Times - November 12

Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion

Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.

Business - MarketWatch - November 13

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