Latest in Reserve Cuts
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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 projectsBusiness - 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 nextBusiness - 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 -
South Africa cuts growth target as economic reality bites
Lower GDP projection comes despite coalition’s charm offensive to win over foreign investorsBusiness - 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 yearBusiness - 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.Top stories - CBS News - October 31 -
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 controversyBusiness - 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 -
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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.Top stories - NBC News - November 1 -
The Papers: 'King cuts off Andrew' and 'tax blow for care homes'
A range of stories are on the front of Saturday's papers including a new biography about the royals.Top stories - BBC News - November 2 -
