Browsing: slashing

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. A couple months after rumors started trickling…

Bernie Sanders says Elon Musk is right about the Defense Department’s wasteful spending.The DOGE co-leader criticized the Pentagon’s F-35 program…

Ford is getting its workers in Cologne, Germany, to work fewer hours.The carmaker said a “lower than expected demand for…

Nissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday.Sales fell to 1.6 million units due to…

Ford will pause F-150 Lightning production next month for seven weeks.Some manager bonuses will be cut to 65% of their…

Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July.Berkshire Hathaway’s American Express…

China’s exports are booming, but profits could be under pressure, recent data from the country showed.China’s exports rose 8.7% in…

Berkshire Hathaway’s cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock…

Ford Motor on Wednesday reported a disappointing second quarter, missing earnings expectations by a wide margin as higher warranty costs…

Luxury brands like Marc Jacobs, Burberry, and Balenciaga have been offering big discounts in China to try to reel in…