Latest in Slashes Forecasts
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Hong Kong slashes tax on spirits to boost nightlife
Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumptionBusiness - Financial Times - October 16 -
EstéeLauder Shares Plunge 21% After It Slashes Dividend
The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.Business - The Wall Street Journal - 4 days ago -
Manchester United cuts continue as Sir Alex Ferguson ambassador role slashed
Ex-manager reported to receive more than £2m a year Sir Jim Ratcliffe’s Ineos has cut 250 staff from payroll The latest victim of the Ineos-led economy drive at Manchester United is none other ...World - The Guardian - October 15 -
Harris backs slashing medical debt. Trump's "concepts" worry advocates.
Health care experts are calling on lawmakers — and the next occupant of the White House — to help the millions of Americans grappling with medical debt.Top stories - CBS News - October 17 -
The AI edge in cybersecurity: Predictive tools aim to slash response times
AI's ability to sift through massive amounts of data, identify patterns and constantly learn makes it invaluable in cybersecurity.Tech - VentureBeat - October 20 -
UK to slash overseas aid in Budget as asylum seeker costs rise
International development organisations warn country’s contribution could slump to its lowest level in 17 yearsBusiness - Financial Times - October 22 -
Volvo Cars says it will not support Northvolt as it slashes sales guidance
Swedish group says it will not invest in its battery group partner amid softening demand for vehicles in key marketsBusiness - Financial Times - October 23 -
Volvo Cars slashes outlook citing ‘increasingly volatile environment’
Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.Business - MarketWatch - October 23 -
Trudeau to slash Canada’s migrant numbers in bid to shore up his government
High living and housing costs prompted public backlash to progressive immigration schemesBusiness - Financial Times - October 24 -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.Business - CNBC - 6 days ago -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its file sync ...Top stories - NBC News - 6 days ago -
Warren Buffett slashes Apple stake as he boosts cash to record high
Berkshire’s stock-selling spree extends for eighth quarter, with $166bn dumped over the periodBusiness - Financial Times - 3 days ago -
IMF raises 2025 growth forecast
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story IMF sounds death knell over inflation, raises 2025 outlook International Monetary ...Politics - The Hill - October 22 -
Airbus Revenue, Earnings Beat Forecasts
Airbus posted earnings and revenue above analysts’ expectations, highlighting diverging fortunes with Boeing a week after the beleaguered company reported a multibillion-dollar loss.Business - The Wall Street Journal - 6 days ago -
‘Terrifier 3’ slashes ‘Joker’ to take No. 1 at the box office, Trump film ‘The Apprentice’ fizzles
Box office was ruled by an ax-wielding clown.Entertainment - ABC News - October 13 -
UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment
U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anaemic investment in the country.Business - CNBC - October 14 -
Trek Slash+ 9.7 SLX/XT Electric Mountain Bike Review: Oh So Quiet
Trek's newest enduro e-MTB is the most natural-feeling electric mountain bike you may ever ride.Tech - Wired - October 25 -
Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance
Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.Business - CNBC - 5 days ago -
Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories
Auto giant Stellantis on Thursday reported a 27% decline in third-quarter revenues, but said it was making headway in addressing operational issues like U.S. inventories.Business - CNBC - 5 days ago -
Parts of UK forecast to see temperatures jump to 20C this week
Parts of the country could see a 10C bump in temperatures in the short period of fine weather.Top stories - BBC News - October 14 -
UK public borrowing exceeds official forecast in September
Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s BudgetBusiness - Financial Times - October 22 -
IMF upgrades UK growth forecast in boost to Reeves
Fund’s chief economist sees chance of more ‘aggressive’ Bank of England rate cuts as chancellor prepares for BudgetBusiness - Financial Times - October 22 -
Reeves welcomes IMF's improved UK economic forecast
The global financial institution predicts stronger UK growth of 1.1% this year and 1.5% next year.Top stories - BBC News - October 22 -
Lloyds beats earnings forecasts as lending rises
Mortgage book grows as customers take advantage of fall in interest ratesBusiness - Financial Times - October 23 -
A Trump victory would end ‘normal’ politics between UK and US
Keir Starmer defends Labour activists helping Kamala Harris but if former US president wins, such activity could become diplomatic liabilityBusiness - Financial Times - October 23 -
Heathrow says resumed dividends ‘probable’ as it raises forecasts
Airport’s peak summer season boosted by passengers transiting to Paris for OlympicsBusiness - Financial Times - October 23 -
American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.Business - CNBC - October 24 -
What's the mortgage interest rate forecast for November 2024?
After falling in September, mortgage interest rates rose again in October. Here's what could happen this November.Top stories - CBS News - October 28 -
AMD reports record revenue but Q4 forecast disappoints
Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.Tech - VentureBeat - 6 days ago -
Halloween forecasts predict record temperatures in parts of the U.S.
East Coast and southern U.S. states experienced high temperatures this Halloween, with the heat forecast set to break records. CBS News 24/7 anchor Lana Zak reports on the weather and how New ...Top stories - CBS News - 4 days ago -
Ryanair profit drops as airline cuts passenger forecast
European low-cost carrier blames pressure on consumers for fall in faresBusiness - Financial Times - Yesterday -
Rain forecasted in key swing states on Election Day
Rain is threatening to disrupt Election Day in several key swing states. A cold front is slicing through the middle of the country, bringing a threat of rain showers and thunderstorms from the ...Politics - The Hill - Yesterday -
Election forecaster predicts 218-217 House
Sabato’s Crystal Ball, a prominent election forecaster, predicted Monday that this year’s elections will result in a House divided by one vote. “Just like the presidential race, the battle for the ...Politics - The Hill - 18 hours ago -