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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

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

Israel Cuts Ties With U.N. Agency, Creating New Hurdles for Palestinian Aid

The new laws effectively ban Unrwa from operating in Israeli territory and will make it harder for the agency to lead the humanitarian response to the Gaza war.

World - The Wall Street Journal - October 29

Saudi Arabia’s wealth fund pivots from international investments

Public Investment Fund will focus more of its financial firepower on domestic projects

Business - Financial Times - October 29

Biden Announces $3 Billion to Cut Carbon Emissions at U.S. Ports

On a visit to Baltimore, the president said federal grants would help upgrade port infrastructure at 55 sites nationwide.

Business - Inc. - October 29

Small Business Owners More Confident About Borrowing After Rate Cut

Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.

Business - Inc. - October 29

The UK Budget in five charts: Reeves limits BoE space for rate cuts

Central bank is nevertheless still likely to ease policy this year and next

Business - Financial Times - October 30

Trump Media plummets 22%, cutting into DJT rally days before election

Republican presidential nominee Donald Trump owns nearly 57% of the company, which trades as DJT on the Nasdaq.

Business - CNBC - October 30

Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates

Fed rate cuts and lending rates do not always experience like-to-like movement. Here’s a quick look at rates, and what to expect moving forward.

Business - Inc. - October 30

South Africa cuts growth target as economic reality bites

Lower GDP projection comes despite coalition’s charm offensive to win over foreign investors

Business - Financial Times - October 30

Eli Lilly's quarter was messy. What to do with the stock is more clear-cut

We're upgrading our rating on the drugmaker to a buy-equivalent 1.

Business - CNBC - October 30

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

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.

Business - CNBC - October 31

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

Tumblers sold at Wawa stores recalled after reports of cuts

The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.

Huntington Ingalls' Shares Tumble on Outlook Cut, Navy Contract Delay

The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.

Business - The Wall Street Journal - October 31

Nomura profits surge as chief takes pay cut over trading scandal

Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversy

Business - Financial Times - November 1

Wayfair customers are more price conscious, have cut spending as election nears

Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.

Business - MarketWatch - November 1

Israeli budget hikes military spending, VAT, cuts social services

World - Yahoo News - November 1

Richard Moore executed in South Carolina despite appeal to cut sentence to life

South Carolina executed convicted killer Richard Moore despite a broad appeal for mercy by parties that included three jurors and the judge from his trial.