New Cost Cutting - QuikReader

After making cuts, new DOJ leadership tries to calm rattled national security team

Newly installed DOJ officials on Wednesday tried to ease concerns within the National Security Division after two of their top prosecutors were removed, sources said.

ABC News - 3h

Musk Is Likely to Get a West Wing Office for His Cost-Cutting Project

The world’s richest man had been expected to be situated in the Eisenhower Executive Office Building, but a West Wing office would give him closer access to President Trump.

The New York Times - 2d

Elon Musk's DOGE has a new cost-cutting target: the U.S. penny

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

CBS News - 9h

Starbucks’s turnaround plan under new CEO now likely includes job cuts

Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.

MarketWatch - 4d

Starbucks Expecting Job Cuts by March

Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.

The Wall Street Journal - 5d

The Cost of Surviving a Wildfire

Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.

The New York Times - 5d

Citigroup Slashes Jobs as Cost-Cutting Continues

Targets include senior managers in the banking giant’s wealth, technology and data analysis units.

Inc. - 5d

Mike Pence to Trump: cutting Taiwan support would ‘likely spark a new nuclear arms race’

Former vice-president makes surprise visit to Taipei and predicts that if China annexes its neighbour other Asia-Pacific countries will build nuclear arsenals. Mike Pence called on Donald Trump’s ...

The Guardian - 5d

Two Watchdogs Were Rebuffed From Joining Trump’s Cost-Cutting Effort

“We have no room in our administration for Democrats,” a transition spokeswoman replied after good-government activists tried to join the president-elect’s new efficiency department.

The New York Times - 6d

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

CNBC - 6d

Google’s new neural-net LLM architecture separates memory components to control exploding costs of capacity and compute

Titans architecture complements attention layers with neural memory modules that select bits of information worth saving in the long term.

VentureBeat - 6d

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance

Financial Times - 6d

BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.

BBC News - 6d

Oil major BP to cut thousands of jobs in cost-saving drive

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

CNBC - 6d

Medicare's new $2,000 cap on out-of-pocket drug costs could save patients thousands, AARP says

The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.

CNBC - 6d

TSMC cuts profitability target as cost of diversifying supply chains bites

World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand

Financial Times - 6d

Meta to Cut 5% of Its Workers in New Round of Layoffs

The layoffs come as Mark Zuckerberg pushes to remake his company for the Trump era and prepares to co-host a gala for the president-elect’s inauguration.

The New York Times - Jan. 14

Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers

Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.

The New York Times - Jan. 14

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

CNBC - Jan. 13

Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers

The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.

The New York Times - Jan. 12

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - Jan. 10

Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs

Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.

CNBC - Jan. 10

Square Enix Could Cut Off Game Services For Harassers With New Policy

To counter fan harassment of its employees, from voice actors to developers, Square Enix has implemented a new Group Customer Harassment Policy. The new policy states and defines "customer ...

GameSpot - Jan. 10

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - Jan. 10

The Costs of the Los Angeles Fires

Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.

The New York Times - Jan. 10

Cutting out alcohol for "Dry January"

Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.

CBS News - Jan. 9

Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle

With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.

MarketWatch - Jan. 8

Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live

Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...

The Guardian - Jan. 8