It’s the oldest sales tactic in the world… Before you make your next price cut in the face of sales resistance, the question you have to ask yourself is not, Read more
Tag: cutting
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
Intel stock jumps on third-quarter earnings beat and cost cutting, but concerns linger
Intel Corp.’s stock jumped 5.7% before the opening bell on Friday, lifted by the chip maker’s third-quarter earnings beat, slightly better-than-expected PC chip sales and a major cost-cutting plan. The Read more
Tesla isn’t immune to a spending slowdown, Morgan Stanley says while cutting price target
One Tesla Inc. bull is feeling a little less bullish Monday, as he digests the outlook for the electric-vehicle company. Tesla’s TSLA, -1.49% latest earnings surprised Morgan Stanley’s Adam Jonas, Read more
Retailers are cutting clothing prices, but don’t expect big discounts from this athleisure giant
Athleisure-wear maker Lululemon Athletica Inc. is better positioned to stay above the current clothing discount frenzy and is gaining popularity among younger consumers, Piper Sandler analysts said Tuesday in upgrading Read more
Opinion: Cutting taxes was the wrong way to reverse ‘the unfolding economic disaster that is the U.K.’–here’s what Liz Truss should do now
U.K. Prime Minister Liz Truss and her Chancellor, Kwasi Kwarteng, think they can grow their economy by cutting taxes and slimming down the government. They are wrong. The bond and Read more
Meta is cutting staff without mentioning layoffs
In response to stalling growth and intense competition, Meta Platforms Inc. META, -0.94% executives have spoken of cost cuts, hiring freezes and “ruthless prioritization.” One word the company hasn’t used: layoffs. But Meta Read more
Gap cutting 500 corporate jobs in New York, San Francisco and Asia
Gap Inc. is eliminating about 500 corporate jobs, according to people familiar with the matter, moving to reduce expenses at the apparel retailer amid declining sales and profits. The jobs Read more
SoftBank shares surge on plan to preserve cash by cutting Alibaba stake
SoftBank Group Corp. 9984, +6.87% shares rose sharply Friday following news that it will reduce its stake in Alibaba Group Holding Ltd., a move that preserves cash at the Japanese Read more
Walmart cutting about 200 corporate jobs in restructuring as profits sag
Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying Read more
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