FedEx Corp. on Tuesday said it planned to slash an extra $1 billion in costs beyond what it outlined in September, bringing those total expected cuts to roughly $3.7 billion, Read more
Tag: costs
Wages are up, but so are costs. Help us report on how that’s affecting you.
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to Read more
DoorDash to lay off 1,250 employees as CEO says costs grew too fast
Food-delivery platform DoorDash Inc. plans to lay off about 1,250 employees, becoming the latest technology company to admit that it grew expenses too rapidly for the current climate. Chief Executive Read more
5 ways to offset unexpected car repair costs
You went in for an oil change. You left with an itemized bill as long as your arm. Costly services are a reality for many car owners, especially for those Read more
New homeowners and renters are hit hard by October inflation — here’s how they’re cutting back on expenses to beat rising costs
Inflation is cooling, but shelter makes up the lion’s share. Headline inflation fell by more than expected last month. In October, prices rose by 7.7% on the year in the Read more
ArcelorMittal profit misses forecasts, as shipments fall, energy costs rise
ArcelorMittal on Thursday reported third-quarter net income that missed expectations as market conditions deteriorated, marked by lower shipments and higher energy costs. The Luxembourg-based steelmaker MT, -2.24% MT, -0.25% said Read more
BT stock sees worst day in two years as U.K. telecom flags rising costs
Shares of BT Group PLC saw their biggest one-day drop since the pandemic lows of March 2020, after the telecom giant said it would have to fight harder against inflation Read more
U.S. productivity picks up a bit in third quarter
The numbers: U.S. productivity rose at a 0.3% annual clip in the third quarter, the government said Thursday. That’s the first gain after two straight sharp quarterly declines. Economists surveyed Read more
Don’t let a one-week holiday trip become six months of credit card payments. Here are 3 tips for keeping travel costs down.
This article is reprinted by permission from NerdWallet. In 2022, holiday travel is predicted to continue climbing back toward its pre-COVID-19 level, according to travel booking app Hopper. That means Read more
This chart shows the widening gap between renters’ wages and their housing costs. Here’s what can be done to help.
For years, there’s been a gap between renters’ housing costs and their incomes. And it got even worse during the pandemic, when rents soared and earnings stagnated. That’s according to Read more