Latest in Cfo Says Drop
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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 - 7 hours ago -
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 - 17 hours ago -
What Germany’s new naval base means for Baltic security
Also in this newsletter: the UK joins the EU in committing to the G7 loan to UkraineWorld - Financial Times - October 22 -
Ballot drop box fires in Oregon and Washington are likely connected, police say
Ballot boxes in Portland, Ore., and neighboring Vancouver, Wash., were set on fire early Monday morning, police said, just over a week out from Election Day.Top stories - NBC News - Yesterday -
HSBC embarks on major restructuring, names first female CFO
HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender's first female finance chief.Business - CNBC - October 22 -
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 - 4 days ago -
Pelosi says she still hasn’t spoken to Biden since pressuring him to drop out
Ex-House speaker also says on Guardian podcast that she thinks Trump is ‘a grotesque word’ and rarely says his name. Nancy Pelosi has admitted she still has not spoken to Joe Biden since her ...World - The Guardian - October 15 -
Patriots' Ja'Lynn Polk says he has 'best hands in the league' after Jerod Mayo criticizes his drops
Mayo called out the rookie receiver, who has developed a drop problemSports - CBS Sports - October 17 -
The market could get hit hard on a Harris win — but also drop on a Trump victory, says Morgan Stanley
Mike Wilson, Morgan Stanley’s chief U.S. stock market, explains why markets prefer a Trump victory, and the risks from either result in the 2024 election.Business - MarketWatch - October 21 -
Florida woman used Roblox to instruct 10-year-old to kill infant by dropping him on floor, officials say
A 2-month-old was seriously injured after a 10-year-old dropped the baby on a tile floor after a woman allegedly instructed the child via Roblox on how to kill the infant.Top stories - NBC News - October 22 -
McDonald’s stock drops as Quarter Pounders linked to E. coli outbreak, CDC says
An outbreak of E. coli linked to McDonald’s Corp. Quarter Pounder burgers has killed one person and hospitalized 10 people in 10 states.Business - MarketWatch - October 23 -
Has America lost its shame?
The brazenness of US politicians in the face of scandals is a defining feature of the eraBusiness - Financial Times - October 16 -
Musk gives $75mn boost to Trump’s presidential run
World’s richest man aims to sway outcome of November election with donationBusiness - Financial Times - October 16 -
Pound falls as UK inflation declines more than expected to 1.7%
First reading below Bank of England’s target in 3 years opens door to more rate cuts this yearBusiness - Financial Times - October 16 -
Heisman watch: A Big Four, and then a very big drop
Boise State RB Ashton Jeanty is the midseason favorite after his incredible start to the season.Sports - Yahoo Sports - October 16 -
Utah HC Drops Tough Battle With Boston
The club gave it all they had, but couldn't solve Jeremy Swayman and a stout Bruins defence.Sports - Yahoo Sports - October 20 -
Starbucks scraps 2025 guidance after fall in sales and earnings
New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growthBusiness - Financial Times - October 22 -
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Fatal Drug Overdoses Are Dropping. Not Everyone Is Spared.
Federal officials have celebrated a striking drop in drug overdoses across the country. But state-level data shows that Black people are suffering significantly worse outcomes than white people.Health - The New York Times - 3 days ago -
Source: Ravens' Smith fined for hip-drop tackle
Ravens linebacker Roquan Smith will be fined $16,833 and the NFL ruled that he used a hip-drop tackle on Bucs receiver Chris Godwin, a source told ESPN.Sports - ESPN - 4 days ago -
Wrexham drop to 3rd after conceding late penalty
Wrexham saw a last-gasp penalty decision go against them as Charlton Athletic earned a 2-2 draw on Saturday to leave the Hollywood-owned side outside of League One's automatic promotion places.Sports - ESPN - 2 days ago -
Birth rate drops to record low in England and Wales
Declining fertility risks adding pressure on the UK’s public finances and hampering economic growth, warn analystsBusiness - Financial Times - 2 days ago -
Fertility rate in England and Wales drops to lowest on record
Just over 591,000 babies were born in the UK last year - the lowest number in four decadesTop stories - BBC News - 2 days ago -
Harris campaign releases its own Fortnite map
The Harris campaign has launched a map on the popular video game "Fortnite." The map, called “Freedom Town, USA,” is attached to taglines like “Fight For Freedom” and was designed around Vice ...Politics - The Hill - Yesterday -
Ballot drop box fires raise voter concerns
Police are still searching for the person suspected of setting Oregon and Washington drop boxes on fire Monday morning, destroying hundreds of ballots. The attacks prompted increased security ...Top stories - CBS News - 17 hours ago -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - 7 hours ago -
Zelenskyy pleads for more aid as Russia drops glide bombs on Ukraine
Russia has been dropping new glide bombs on Ukraine. The bombs use old Soviet-era ammunition retrofitted with wings and GPS systems. Holly Williams reports.Top stories - CBS News - October 13 -
The stats and shoes behind Chepngetich's jaw-dropping marathon world record
How the Kenyan took a step beyond what was thought by knocking almost two minutes off the previous best in Chicago.Top stories - BBC News - October 14 -
It Could Cost OpenAI a Lot to Drop its Nonprofit Structure
Leading AI firm OpenAI is valued at $157 Billion, but turning it into a for-profit company could mean a very expensive, complicated set of legal proceedings.Business - Inc. - October 14 -
In Wisconsin, election officials push back against critics of drop boxes
Wisconsin election officials are reassuring the public about the safety of ballot drop boxes, which have been the subject of conspiracy theories in the state since 2020.Top stories - ABC News - October 14 -
Here's what a $150,000 HELOC costs monthly now that rates have dropped
A $150,000 HELOC comes with inexpensive monthly payments that could fall in the months ahead. Here's what to know.Top stories - CBS News - October 14 -
UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability
UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...Business - MarketWatch - October 15 -
TotalEnergies forecasts 66% drop in its third-quarter oil-refining margins
The French oil company’s warnings comes on the back of a slump in the global market for products including jet fuel, diesel and gasoline that saw BP and Shell post similar warnings last week.Business - MarketWatch - October 15 -
ASML shares drop sharply after warning on semiconductor recovery
Gloomy outlook from Europe’s most valuable tech company drags down stocks from Nvidia to ArmBusiness - Financial Times - October 15 -
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingBusiness - Financial Times - October 16 -
Nvidia, AMD shares extend drops as investors get spooked — but should they be?
An ASML warning about the health of the semiconductor market is one factor weighing on AI chip stocks Tuesday — but one analyst says Nvidia investors shouldn’t be worried.Business - MarketWatch - October 15 -
Chrysler and Jeep maker sees North American deliveries dive 36%
Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024Business - MarketWatch - October 16 -
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.Business - The New York Times - October 17