Record low affordability and a dearth of houses to buy have credit analysts at BofA Global cutting their outlook for U.S. home price growth to zero in 2023, while also Read more
Tag: cuts
Goldman cuts expectations for S&P 500 profit growth through 2024
A team of equity analysts at Goldman Sachs Group GS, +0.75% cut their expectations for S&P 500 earnings growth through 2024, citing a plethora of headwinds that will likely continue Read more
Foxconn Cuts Fourth-Quarter Outlook as Covid Hits Ops in Zhengzhou
By Kosaku Narioka Foxconn Technology Group said Monday that it is revising down its outlook for the fourth quarter due to the pandemic affecting some of its operations in Zhengzhou, Read more
Some Republican senators are talking openly about Social Security cuts
If the Republican-controlled Congress comes for your Social Security benefits in the next few years, don’t say they didn’t warn you. They did. Utah Sen. Mike Lee brings to a Read more
EDF cuts nuclear-output outlook again following workers’ strikes
Electricite de France SA expects recent strike action and maintenance work at some of its reactors to drag nuclear output for the year, adding to an energy squeeze ahead of Read more
Moderna stock falls after earnings miss by a wide margin and company cuts sales outlook by up to $3 billion
Moderna Inc. shares moved lower Thursday, after the COVID vaccine maker posted far weaker-than-expected third-quarter earnings and lowered full-year sales guidance by up to $3 billion. The stock was last Read more
Lyft lays off 13% of workers in second round of cuts this year, maintains financial guidance
Lyft Inc. is laying off 13% of its workforce, which amounts to 683 jobs, in what its executives are calling a proactive step as they look to a possible recession Read more
Fresenius Cuts 2022 Views on Worse Outlook for FMC; 3Q Earnings Fell Sharply
By Joshua Kirby Fresenius SE & Co. KGaA has again cut its guidance for the year, foreseeing a sharper fall in earnings as macroeconomic pressures and a struggling North America Read more
Glencore Reports Production Falls in Most Commodities for Year to Date, Cuts 2022 Some Guidance
By Ian Walker Glencore PLC on Friday reported falls in year-to-date production for most commodities and lowered its full year guidance for them. The FTSE 100-listed commodity mining and trading Read more
Intel stock rises as earnings, PC-chip sales come in ahead of Street view, and billions in cost cuts planned
Intel Corp. shares surged 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 trimmed Read more