Tag: cuts

Intel plans major job cuts and billions in savings as profits plummet

Intel has announced plans to make a “meaningful number” of layoffs as part of wider cost-cutting measures.The chip giant says its expense reduction plan is set to slash costs by $3 billion in...

IMF cuts is 2022 China economic growth forecast to 3.2% (from 4.4%)

International Monetary Fund (IMF) forecasts for China GDP:3.2% in 2022 vs. their previous forecast of 4.4%4.4% in 20234.5% in 2024IMF note:China's rapid and broad-based economic slowdown blamed on strict COVID-19 lockdowns and its...

WTI Rises on Surprising Inventory Drawdown Ahead of OPEC Cuts

US Crude (WTI) Oil AnalysisLower oil stocks and Biden’s SPR confirmation sees a lift in oil pricesWTI crude oil key technical considerations ahead of OPEC+ production cutIG client sentiment reveals a mixed outlook...

Apple cuts iPhone 14+ production less than 2 weeks after debut

Apple is cut in production of its iPhone 14+ less than 2 weeks after its debut. This according to 2 people involved in the company's supply chain.The news has seen a reversal in...

Beyond Meat cuts 19% of workers including COO accused of biting man’s nose in road rage incident; stock crashes : stocks

found this and it was good.original posthttps://www.msn.com/en-us/news/other/beyond-meat-cuts-19-of-workers-including-coo-accused-of-biting-man-s-nose-in-road-rage-incident-stock-crashes/ar-AA12ZLAI#image=AA12ZV4m|2Beyond Meat cuts 19% of workforce including disgraced COO, according to a release from the company. CEO Ethan Brown says the plant-based company is 'significantly reducing expenses' in...

Dollar Stabilizes, Pound Retreats; U.K. Government to Rein in Tax Cuts? By Investing.com

© Reuters By Peter Nurse Investing.com - The U.S. dollar stabilized in early European trading Friday after the release of another hot U.S. inflation number, while sterling retreated from sharp overnight gains amid speculation...

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