Cut Funding Sanctuary

Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round

The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.

Tech - The Wall Street Journal - November 20

Scott Bessent’s fund made biggest returns with bet against Fed

Donald Trump’s Treasury secretary pick shorted vulnerable assets in 2022 to capitalise on post-pandemic inflation

World - Financial Times - 8 hours ago

Woolworths Cuts Expectations for Australian Food Earnings

Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost ...

Business - The Wall Street Journal - October 29

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

Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting ...

Business - MarketWatch - October 30

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

Bill Gates criticises Budget cut to overseas aid

Hidden in the Budget was a decision not to renew a Tory-era £2.5bn top-up to the UK's overseas aid budget.

Stellantis Says Moving Quickly to Cut U.S. Inventories

Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ...

Business - The Wall Street Journal - October 31

STMicroelectronics Cuts Outlook Again on Continued Weak Demand

STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.

Business - The Wall Street Journal - October 31

Smith & Nephew cuts outlook on China weakness

FTSE 100 medical manufacturer reports price pressures and worse-than-expected demand

World - Financial Times - October 31

Brewers Struggle as Drinkers Cut Back on Beer Worldwide

Consumers around the world are drinking less beer, putting brewers in a bind.

Business - Inc. - October 31

Ukraine and US warn Kyiv’s troops could face North Korean forces ‘in days’

New assessment finds as many as 8,000 soldiers have been deployed to Russia’s Kursk region

Business - Financial Times - October 31

Adani begins to cut off power supplies to Bangladesh

Indian conglomerate threatens to halt flows from coal-fired plant over debt dispute

Business - Financial Times - November 3

Ryanair profit drops as airline cuts passenger forecast

European low-cost carrier blames pressure on consumers for fall in fares

Business - Financial Times - November 4

Which gold investment is best when rates are cut?

Some gold assets are better than others when interest rates are dropping, experts say.

South Carolina women clear-cut betting favorites

South Carolina was viewed as a second-tier contender, not one of the clear favorites, entering last season. Oddsmakers aren't doubting the Gamecocks this season, though.

Sports - ESPN - November 4

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 - November 6

Trump’s victory means fewer Fed rate cuts

“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.

Business - MarketWatch - November 6

Interest rates cut but Bank hints fewer falls to come

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

Bangladesh staves off more Adani power cuts

Dhaka makes assurances to clear its bills after conglomerate threatened to halt electricity supplies

World - Financial Times - November 7

Bank of England cuts interest rates to 4.75%

Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecast