A company cutting its dividend after a spinoff is uncommon, but not unprecedented. The longer-term outcomes can vary markedly. AT&T (ticker: T) joined this club on Tuesday, when it said it expects...
Tag: Cut
Companies cut 301,000 as omicron slams labor market
Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday. Private payrolls...
AT&T to Spin Off WarnerMedia, Plans Deep Cut to Its Dividend
Text size Justin Sullivan/Getty Images AT&T said Tuesday it would spin off its interest in WarnerMedia following WarnerMedia’s merger with Discovery . AT&T (ticker: T) also said its board appr...
Biden helping states plug orphan oil gas wells, cut methane emissions
Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration on Monday announced it will send $1.15 billion to st...
Analysts Cut Western Digital Price Target Post Q2 Results
TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ It’s fair to say, with hindsight, that 2021 was a year for the bulls – but so far, 2022 is starting out with the bears. Over the past thr...
The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season
Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...
WHO Chief Thanks Neil Young For Pushing Spotify To Cut Joe Rogan Over Covid Misinformation
Topline World Health Organization Director-General Tedros Adhanom Ghebreyesus expressed support for Neil Young after the singer-songwriter demanded Spotify remove his music from the platform if it con...
Here’s what to consider before taking a pay cut
Drakula & Co. | Moment | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs ami...
NYC Mayor takes pay cut as cryptocurrency market plunges
Eric Adams will take his first three paychecks in BTC & ETH The mayor’s salary amounts to $258,750 a year He’ll find to difficult to spend his cryptocurrency Indeed, even amidst a crypto droop, Ne...
Chinese yuan under pressure from medium-term loans cut: Strategist
Banknotes of Renminbi arranged for photography on July 3 2018 in Hong Kong. S3studio | Getty Images News | Getty Images China’s central bank unexpectedly cut loan rates on Monday — a move that w...
Block Stock Gets a Price Target Cut. But There Are Reasons to Be Bullish.
The market is currently littered with the debris of once high-flying growth stocks. There have been savage pullbacks for many over the past year. Block (SQ) is one such name to have suffered at the ha...
Despite higher wages, inflation gave average worker a 2.4% pay cut last year
A San Francisco grocery store. David Paul Morris/Bloomberg via Getty Images Inflation is taking a big bite out of workers’ paychecks, eroding many of the raises businesses have offered to attrac...
Alibaba Stock Gets a Target Price Cut. But It’s Still a Buy.
Text size Investors have been buying the big dip in Alibaba’s stock price. Greg Baker/AFP via Getty Images Analysts at Citigroup have slashed their target price on Alibaba stock—but they still s...
Norton 360 will Take a 15% Cut for Mining Ethereum
Users are furious about Norton 360 taking 15% for mining Ethereum. Norton 360 “Antivirus” secretly install crypto mining software on your machine and skim a commission. Notton calls this commission “f...
Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take a 15% Cut
The most popular antivirus, Norton 360, made a miner out of everyone. Even though this has been going on for a while, the Internet recently found out about it. And traditional Norton customers are liv...
Alibaba Stock Rises — as Other Tech Tumbles — Even as It Gets a Price Target Cut
Text size Alibaba investors were taken on a wild, ugly ride in 2021. Could 2022 be different? Greg Baker/AFP via Getty Images Tech stocks have been tumbling. In a surprise twist, Alibaba is doing rema...
Enphase Stock Sinks as Slower Transition Leads to Sharp Price Cut
Text size David McNew/Getty Images Shares of solar specialist Enphase Energy were tumbling Wednesday after a sharp price cut and downgrade by analysts at BofA Global Research. BofA Global Research low...