A new filing indicates that Berkshire Hathaway cut its stake in U.S. Bancorp by 56% to 52.5 million shares that are now worth $2.4 billion. In a form 13-G filing dated Thursday, Berkshire Hathaway (BR...
Tag: Cuts
Adidas Cuts Full-Year Guidance Following Relationship Termination with Ye
Adidas reduced its expectations for the full-year traffic trend decline in Greater China. German design company Adidas has cut its full-year guidance following its partnership termination with popular...
Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders – Taxes Bitcoin News
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discu...
Salesforce Cuts Hundreds of Sales Workers on ‘Accountability’
(Bloomberg) — Salesforce Inc. has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in a choppy economy. Most Read ...
Goldman Cuts S&P 500 Earnings Estimate, Citing Margin Headwinds
(Bloomberg) — Goldman Sachs Group Inc. lowered earnings estimates for the S&P 500 Index for each year till 2024, saying margins contraction in the third-quarter signals more pain ahead. Most...
Jimmy Kimmel Cuts Ad For Cortez Masto In Nevada After Acknowledging His Political Bits Have Dented His Viewership
Topline Comedian Jimmy Kimmel endorsed Sen. Catherine Cortez Masto (D), both graduates of the same Las Vegas high school, in the race for the Nevada Senate on Friday–wading into the midterm election a...
Mythical Games cuts 10% of workforce 1 day after top executives depart
Web3 gaming unicorn Mythical Games has laid off approximately 10% of its workforce as part of business restructuring, citing a challenging economic environment. “Like all companies, we’ve been a...
Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023
For 2022, Coinbase said it remains “cautiously optimistic” that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption th...
Stripe cuts 14% of workforce as fintech layoffs roll on
Payments firm Stripe is firing 14% of its workforce as layoffs continue at fintech and crypto companies. The company cited the macroeconomic environment and falls in funding for startups. The cu...
Dapper Labs Cuts 22% of Staff as NFT Market Craters
At the same time, on-chain data shows that market interest in Dapper Labs’ products is declining, following a broader trend of investors shying away from NFTs. On NBA Top Shot, October sales vol...
BitMEX Cuts Staff as It Looks to Pivot Back toward Derivatives Trading
That BitMEX is cutting off some of its staff is not a peculiar move as it is an industry-wide trend. BitMEX cryptocurrency trading platform has retrenched some of its staff as it looks to cut its cost...
Digital Currency Group Promotes Mark Murphy to President, Cuts Nearly 13% Staff: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Galaxy Digital, BitMex, DCG announce staff cuts
Crypto companies Galaxy Digital, BitMex, and Digital Currency Group (DCG) announced staff cuts to deal with the adverse state of the market, according to crypto reporter Wu Blockchain. Layoffs Galaxy ...
U.S. Cuts Pacific Airpower Presence As China’s Military Grows
An F-15C from the 67th Fighter Squadron takes off from Kadena Air Base, Japan Airman 1st Class Sebastian Romawac The United States broadcast contradictory messages last week, perplexing allies and pot...
Intel Pledges More Cost Cuts as Sales Forecast Misses Estimates
(Bloomberg) — Intel Corp. shares climbed in late trading after the chipmaker pledged to slash costs, an effort to weather a persistent slump in computer demand that is dragging down sales and pr...
Foot Locker Suffers A One-Two Punch As It Cuts Ties With Yeezy And Nike Pulls Back
Ye Getty Images for BET Foot Locker was already reckoning with the difficult reality that Nike is pumping the breaks on its relationship and wants to sell significantly fewer shoes in its stores. Then...
CNN job cuts coming as CEO Chris Licht concludes business review
Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht started conducting a business review of the news network when he agreed to take the job in April. That evaluation wrap...
How dollar strength could mean ‘death by a thousand cuts’ for stocks
The U.S. dollar is currently perched precariously high versus the Japanese yen (JPY=X), the Chinese yuan (CNH=X), and the British pound (GBPUSD=X), with far-reaching implications for global risk marke...
Turkish Lira and Inflation Stabilizes Despite Interest Rate Cuts, Why? – Trustnodes
The Turkish Lira crashed from 8 in September 2021 to 18 TRY per dollar. A dive to 10 made it bounce to 14, and since then it has gradually fallen but has recently become somewhat stable at 18.5. Infla...
Adidas Cuts Ties With Kanye West After Anti-Semitic Comments
Topline Sportswear giant Adidas on Tuesday announced it has cut ties with rapper Kanye West, also known as Ye, over a series of offensive and anti-Semitic remarks, the latest company to distance itsel...
When A Celebrated Native Son Hires In Mexico And Cuts Staff At Home
Landing founder Bill Smith at the company’s Birmingham, Alabama headquarters. The October layoffs cut some 30% of its workforce in the Southern city. JAMEL TOPPIN FOR FORBES There was such fanfa...
Tesla Cuts Prices In China. Bears Are Likely to See Demand Problems.
Electric-vehicle maker Tesla looks to be cutting prices in China, the largest market for new cars and new electric vehicles on the planet. Trading Monday will give investors some idea of how the marke...
Dow Jones Futures Signal Market Rally Will Extend Gains; Tesla Cuts Model 3, Y Prices In China
Dow Jones futures rose solidly Sunday night, along with S&P 500 futures and Nasdaq futures. Tesla (TSLA) cut Model 3 and Model Y prices in China, while Apple (AAPL) and Microsoft lead peak earning...
As They Wholly Redefine ‘Inflation,’ Republicans Hand Dems the Tools to Shoot Down Tax Cuts
In his latest “Wonder Land” column for the Wall Street Journal, the great Daniel Henninger observed that President Biden denies “some $4 trillion in federal spending during his term has anything to do...
BUSD Supply Crosses $20B, Cuts Into USDC’s Market Share
Binance USD (BUSD) market cap has been on the rise in the last 30 days. Thanks to Binance’s move to convert deposits of USDC, TUSD, and USDP into BUSD on the exchange. Following the decision, the supp...
Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned
Intel Corp. shares rose after hours Thursday after the chip maker topped Wall Street earnings estimates for the quarter and PC-chip sales came in slightly higher than expected, while the company trimm...