Latest in Investors Cost Cuts
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Rivian Reassures Investors With Cost Cuts, Green Credit Sales
Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.Business - Inc. - 5 days ago -
Fear that winter fuel payment cut will cost lives
Wales' older people's commissioner says people will die because of the decision.Top stories - BBC News - October 20 -
How Trump, Harris propose cutting healthcare costs
The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...Politics - The Hill - October 25 -
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 -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetBusiness - Financial Times - October 30 -
Euro falls to 2-month low as investors price in interest rate cuts
Single currency has dropped more than 2% against dollar so far this monthWorld - Financial Times - October 15 -
Investors pile into emerging-market funds that cut out China
Demand for ‘ex-China’ strategies soar as tensions with west linger, despite recent stock reboundWorld - Financial Times - October 23 -
PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.Business - The Wall Street Journal - October 17 -
Stellantis to shutter and sell large testing facility amid cost-cutting efforts
Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.Business - CNBC - October 18 -
Stellantis to sell, shutter large testing facility amid cost-cutting efforts
DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.Top stories - NBC News - October 18 -
US consumers cut back on spirits as cost of living pressures bite
Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whiskyBusiness - Financial Times - October 22 -
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 -
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 -
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BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - 6 days ago -
Deutsche’s private bank fires over 100 bankers in cost-cutting drive
Frankfurt-headquartered lender has imposed demanding targets on underperforming unitBusiness - Financial Times - 2 days ago -
23andMe to slash 40% of its workforce, end therapeutics program to cut costs
DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.Business - MarketWatch - 2 days ago -
Chris Wallace exits CNN as post-election cost-cutting begins
Wallace moved from Fox News to CNN in late 2021 to be a host on its short-lived streaming service. He hosts "Who's Talking to Chris Wallace?"Entertainment - Los Angeles Times - 2 days ago -
Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure
The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.Business - The Wall Street Journal - 2 days ago -
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 -
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 - 5 days ago -
Man United legend Sir Alex Ferguson's ambassador role scrapped in cost-cutting move, per report
Ferguson was reportedly paid around $3 million a year for his servicesSports - CBS Sports - October 15 -
How much does a $15,000 home equity loan cost monthly now that rates were cut?
A home equity loan for $15,000 comes with inexpensive monthly payments now. Here's what to know.Top stories - CBS News - October 15 -
How much does a $25,000 HELOC cost monthly now that rates were cut?
A $25,000 HELOC comes with inexpensive monthly payments right now, and they could become even cheaper in the months to come.Top stories - CBS News - October 16 -
Elon Musk Is Giving Away $1 Million a Day in Bid to be the 'Secretary of Cost-Cutting'
Four days spent barnstorming Pennsylvania for Donald Trump highlighted support for the tech titan leading a new government efficiency effort.Business - The Wall Street Journal - October 21 -
How much does a $30,000 home equity loan cost per month now that rates were cut?
A $30,000 home equity loan comes with inexpensive monthly payments now that interest rates have been reduced.Top stories - CBS News - October 24 -
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.Business - CNBC - October 25 -
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 marketBusiness - 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 expensesBusiness - 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 -
Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold
Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.Business - CNBC - 6 days ago -
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 - 5 days ago
