Cuts Benchmark - QuikReader

New Zealand expectedly cuts benchmark rate by 50 basis points as economy struggles

New Zealand's central bank slashed its benchmark interest rate by 50 basis points to 4.25%, marking a third straight cut to its benchmark interest rate.

Business - CNBC - 16 hours ago

Japanese prime minister’s portfolio outpaces stock benchmark

Shigeru Ishiba is struggling as a politician but excelling as an investor, disclosures reveal

World - Financial Times - Yesterday

Cinemark at ‘inflection point,’ well-placed for postpandemic recovery, Benchmark says

Cinemark Holdings Inc.’s better-than-expected third-quarter results this week bode well for the movie-theater chain amid a broader industry rebound, analysts said.

Business - MarketWatch - November 1

AI groups rush to redesign model testing and create new benchmarks

Rapidly advancing technology is surpassing current methods of evaluating and comparing large language models

Business - Financial Times - November 11

U.S. oil benchmark settles below $70 a barrel on China stimulus disappointment

Oil futures settled at their lowest in nearly two weeks Monday following disappointing economic data from China, the world’s largest crude importer, and expectations for higher U.S. production once ...

Business - MarketWatch - November 11

Oil prices end higher after tapping a 2-week low

Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas drillers under the incoming administration of President-elect Donald Trump.

Business - MarketWatch - November 13

China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures

The People's Bank of China said it would keep the one-year loan prime rate at 3.1%, while holding the five-year LPR at 3.6%.

Business - CNBC - November 20

AI’s math problem: FrontierMath benchmark shows how far technology still has to go

FrontierMath, a new benchmark from Epoch AI, challenges advanced AI systems with complex math problems, revealing how far AI still has to go before achieving true human-level reasoning.

Tech - VentureBeat - November 11

Google Gemini unexpectedly surges to No. 1, over OpenAI, but benchmarks don’t tell the whole story

Google's Gemini-Exp-1114 AI model tops key benchmarks, but experts warn traditional testing methods may no longer accurately measure true AI capabilities or safety, raising concerns about the ...

Tech - VentureBeat - November 15

Walmart cuts DEI

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Walmart rolls back DEI policies under pressure Walmart will roll back diversity, ...

Politics - The Hill - 22 hours ago

OPEC extends oil output cuts

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Politics - The Hill - November 4

Associated Press to Cut Staff by 8%

The reductions come just two weeks after Election Day, when The A.P. played a key role in calling races across the United States.

Business - The New York Times - November 18

Ford to cut 4,000 jobs in Europe

Headcount reduction comes as industry faces pressure over EV switch and competition from China

Business - Financial Times - November 20

Thyssenkrupp Steel to Cut 11,000 Jobs

The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.

Business - The Wall Street Journal - 2 days ago

Biden Cuts Intel’s Chip Award by More Than $600 Million

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.

Business - The New York Times - Yesterday

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