Ibm Is Cutting 3900 Jobs
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Hasbro Shares Gain as Cost Cuts Boost Margins
The maker of Transformers action figures and Monopoly board games said it swung to a profit, even as revenue fell.The Wall Street Journal - Business -
Southwest Quits Four Airports in Cost-Cutting Drive
The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.The New York Times - Business -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - World -
The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.The Wall Street Journal - World - Federal Reserve -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - Business -
Argentine students and professors protest university budget cuts under Milei
Thousands of students and professors filled the streets of Buenos Aires and other cities to demand university funding amid President Javier Milei's harsh budget cuts.NBC News - Top stories -
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bnFinancial Times - Business -
Mayor Adams Walks Back Budget Cuts Many Saw as Unnecessary
The mayor released a revised $111.6 billion budget, which included $2.3 billion that would restore some funding for schools and cultural institutions.The New York Times - Top stories -
Biden administration sets goal to cut freight emissions to zero
Welcome to The Hill's Energy & Environment newsletter {beacon} Energy & Environment Energy & Environment The Big Story Biden administration sets goal to cut freight emissions to zero The Biden administration on Wednesday laid out a national ...The Hill - Politics - Joe Biden -
Employers are using zero-hours contracts to cut wage bills, study finds
Research by Resolution Foundation will increase calls for reform of UK workers’ rightsFinancial Times - World -
Employers are using zero-hours contracts to cut wage bills, study finds
Research by Resolution Foundation will increase calls for reform of UK workers’ rightsFinancial Times - Business -
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bnFinancial Times - World -
3 things to do if interest rate cuts are delayed, according to experts
Delayed rate cuts translate to continued favorable yields on deposit accounts and Treasury bills.CBS News - Top stories -
Monster Beverage cut to sell because it’s ‘no longer…a high growth story’
Analyst Bill Chappell says Wall Street is ‘overoptimistic’ about energy drink maker’s gross margin recoveryMarketWatch - Business -
Persistently High Commodity Prices Could Delay Rate Cuts
Global commodity prices are expected to soften this year and next but remain considerably above prepandemic levels, making it harder for central banks to lower inflation and loosen monetary policy, the World Bank said.The Wall Street Journal - World -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - Business - Federal Reserve -
Trump’s tariffs could overshadow the benefits of his tax cuts, economists say
As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.MarketWatch - Business - Donald Trump -
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
Also in today’s newsletter, Blinken meets Xi and investors scale back US rate cut betsFinancial Times - World -
Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech
ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.CNBC - Business -
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
Also in today’s newsletter, Blinken meets Xi and investors scale back US rate cut betsFinancial Times - World -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - World - Federal Reserve -
Tesla among electric carmakers forced to cut prices as market stalls
EV sales have plateaued across the world but the newfound glut of vehicles may just be temporary. Elon Musk became the world’s richest man by evangelising about electric cars – and delivering them by the million. Yet in recent months his company, ...The Guardian - World - Tesla -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business