With inflation falling from its 40-year high in June, investors are betting the Federal Reserve will end its interest rate hiking cycle and “pivot” to rate cuts this year, juicing markets like they di...
Tag: Cut
BP May Cut Renewable Energy Spending. Its Stock Could Catch Exxon, Chevron.
BP stock was heading higher Wednesday morning after the Wall Street Journal reported that the European oil giant was planning to narrow its investments in renewable energy. The former British Petroleu...
Cut Price David Jones And Plunging Sales Spook Australian Retailers
Australian department store group David Jones was sold at a bargain price. (Photo by Don … [+] Arnold/Getty Images) Getty Images It might be the summer season Down Under, but storm clouds are ga...
Huobi to cut 20% of its workfoce
Huobi Global, a prominent global cryptocurrency exchange, has declared that it will be releasing nearly 20% of its employees. Layoffs have become commonplace in the crypto industry Huobi Global has a...
Biden Administration May Cut Off Huawei From U.S. Suppliers. Here’s The Backstory
Topline The Biden Administration is in serious talks to cut off Chinese telecommunications company Huawei from its U.S. suppliers, according to reporting from The Wall Street Journal, as a broader mea...
A top Wall Street analyst says this EV stock could cut in half this year
Shares of Lucid Group Inc (NASDAQ: LCID) have already doubled this year but a top Wall Street analyst says they’ll give it all back over the next twelve months. Lucid shares could make a new all-time ...
This 19% Dividend Will Almost Certainly Get Cut In 2023
Burning one hundred dollar getty Imagine what you could do with a 19% dividend. To be clear, any dividend that high simply isn’t sustainable. So if you do see one, I don’t recommend buying. Still, the...
Ford to cut Mustang Mach-E prices as price war with Tesla ‘intensifies’
Ford Motor Co. said Monday that it would be “significantly increasing” production of its Mustang Mach-E in 2023 as the company continues its efforts to improve supply of its electric-vehicles and cut ...
DOJ Seeks To Cut Off Sam Bankman-Fried’s Communication With Key People Involved in Fraud Trial
The U.S. Department of Justice (DOJ) is seeking to stifle Sam Bankman-Fried’s communications with FTX and Alameda Research employees before his trial. In a new court filing, the DOJ asks for a ruling ...
Monero (XMR) Bull Run Cut Short, Will 200-Day MA Offer Support?
Monero takes a delve into the red zone before scaling the heights, and reaching $181. After rebounding on the 200-day MA, XMR fluctuates between the median upper BB bands. RSI register lower lows and ...
Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 milli...
Crypto Exchange Luno to Cut 35% of its Global Workforce
The DCG owned crypto exchange Luno, announced earlier this week that it would let go of 35% of its global workforce. London-based cryptocurrency exchange, Luno, informed its employees on Wednesday tha...
Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines
Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. The home-goods chain said Thursday it received a noti...
SAP Plans to Sell Qualtrics Stake, Cut 3,000 Jobs
(Bloomberg) — SAP SE is planning to cut about 3,000 jobs this year while exploring a sale of its remaining stake in Qualtrics International Inc. as the company looks for ways to boost profit. Mo...
Gemini and Kraken cut spending- The Cryptonomist
The crypto winter resulting from the chain of bankruptcies in 2022 has prompted the Gemini exchange to cut its staff by 10 percent, more cuts will also be made by the Kraken platform. Gemini and Krak...
3M stock dips after earnings miss, company plans to cut 2,500 jobs
Shares of 3M Co. MMM, +1.63% were down nearly 4% in premarket action Tuesday after the manufacturing giant missed profit expectations for the latest quarter and delivered a downbeat earnings outlook f...
Ivan on Tech’s Moralis becomes latest crypto firm to cut headcount
Moralis, a blockchain infrastructure firm co-founded by popular crypto content creator Ivan Liljeqvist (aka Ivan on Tech), is the latest crypto company to cut jobs, Liljeqvist told The Block. “I...
Google must cut thousands more ‘overpaid’ workers, investor demands
google – JUSTIN LANE/EPA-EFE/Shutterstock Google staff are overpaid and the tech giant must cut thousands more jobs, a British activist investor has said. Sir Chris Hohn, who previously donated ...
Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts
Cryptocurrency exchange Coinbase won’t escape from the profitability challenges it will face from the crypto market downturn, despite having a strong brand and credibility in the crypto market, accord...
The Fed Says It Won’t Cut Rates in 2023. Markets Disagree. Who’s Right?
Text size The Marriner S. Eccles Federal Reserve Board Building in Washington, DC. Kevin Dietsch/Getty Images About the author: Christopher Smart is chief global strategist and head of the Barings Inv...
Google Staff Anxiety Runs High After 12,000 Colleagues Cut
(Bloomberg) — Google employees, after watching peers at rival tech firms lose their jobs en masse, were anxious about when layoffs would happen to them. Then on Friday morning, some of them coul...
Apple CEO Tim Cook asked for — and got — a major pay cut this year. Is there ever a time when some of us should accept one too? The answer is ‘yes.’
In an SEC filing, Apple announced that CEO Tim Cook will receive a big pay cut in 2023, and the filing noted that he requested the cut. mandel ngan/Agence France-Presse/Getty Images The new year is ba...
ConsenSys confirms 11% staff cut
Blockchain software company ConsenSys has laid off about 11% percent of its staff. The round of cuts affected a total of 96 employees, the firm said in a statement on Wednesday, confirming repor...
Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper
(Bloomberg) — Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are...
Apple CEO Tim Cook’s Pay Cut in Half
Times are tough in tech. The sector was wiped out on the stock market last year as fears about the health of the economy intensified and the covid-19 pandemic took off again in China. That’s wh...
Credit Suisse Set to Cut 10% of European Investment Bankers: FT
(Bloomberg) — Most Read from Bloomberg Credit Suisse is planning to cut more than 10% of its European investment bankers this year, adding to hundreds of job losses in London and Zurich, the Fin...
Crypto.com CEO Announces Cut to Global Workforce Amid Rallies in Broader Digital Asset Markets
The chief executive of Crypto.com is announcing a cut to the firm’s global workforce as the digital asset markets attempt to mount a recovery. In a new company blog post, Crypto.com co-founder and CEO...
Tesla Stock: Analysts Cut Price Targets Amid EV Giant Price Reductions
A number of analysts cut price targets on Tesla (TSLA) Friday, coinciding with the EV giant’s decision to reduce its vehicle prices in the U.S. and Europe. The cuts aimed to make more of the com...
Wells Fargo had its profit cut in half: ‘I’m still bullish’
Wells Fargo & Co (NYSE: WFC) ended slightly up on Friday even though it reported weaker-than-expected revenue for its fiscal fourth quarter. Pro’s take on Wells Fargo stock post earnings Its quart...
Stitch Fix To Replace CEO And Cut 20% Of Workforce
| © 2016 Bloomberg Finance LP Key Takeaways After peaking at roughly $96 per share in January of 2021, Stitch Fix is struggling. The share price has plummeted to around $4. Stitch Fix is the most rece...
Intel stock’s dividend sticks out among chip makers. But a cut may be coming.
Semiconductor stocks have been on a tear so far this year, following a difficult 2022. But now that we’re in the thick of fourth-quarter earnings season, investors will be questioning whether or not I...