Weak Cost Cuts - QuikReader

STMicroelectronics Cuts Outlook Again on Continued Weak Demand

STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.

Business - The Wall Street Journal - October 31

Smith & Nephew cuts outlook on China weakness

FTSE 100 medical manufacturer reports price pressures and worse-than-expected demand

World - Financial Times - October 31

Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.

Business - The Wall Street Journal - October 25

Nintendo Cuts Switch Sales Forecasts After Weak Results

The Japanese videogame maker cut its annual forecasts for Switch console and software sales after disappointing first-half results.

Business - The Wall Street Journal - 3 days ago

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

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

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.

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 whisky

Business - 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

VW boss Blume says company's cost-cutting goals are set

World - Yahoo News - 5 days ago

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 - Yesterday

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. - 37 minutes ago

How much does a $200,000 home equity loan cost per month now that rates are cut?

As interest rates fall, home equity loans become cheaper. Here's what a $200,000 home equity loan costs monthly now.

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 services

Sports - 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.

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.

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.

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 market

Business - 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 expenses

Business - 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 - Yesterday

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 - 1 hour ago

‘My father was a teetotaling, fair-minded, liberal-leaning capitalist’: And yet I allowed ‘friends’ to borrow $120K. How do I deal with the fallout?

“Of the original 10 I had earmarked for removal from my life, I’m still in contact with two.”

Business - MarketWatch - 7 hours ago

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