Wall Street cuts forecasts for Fed balance sheet growth
An expansion of the Federal Reserve’s balance sheet has stalled, prompting strategists to pare their predictions for the scale of...
cuts
Opec and Russia primed to unwind historic supply cuts
Opec and Russia are primed to start unwinding the record oil supply cuts agreed earlier this year, as they aim...
Delta loses $2.8 billion and cuts flights
The company had planned to add 1,000 flights a day to its August schedule as Delta (DAL) and other airlines...
Dividend cuts prompt investors to rummage in junk for income
A steady erosion of stock market dividends is driving investors into Europe’s high-yield debt market, according to a report from...
Cirque du Soleil files for bankruptcy and cuts 3,500 jobs
In an announcement Monday, the Montreal-based company blamed its bankruptcy on the "immense disruption and forced show closures as a...
Qantas cuts 6,000 jobs and aims to raise $1.3 billion
The cuts announced Thursday account for 20% of Qantas' total workforce of 29,000 people, according to the company. They will...
Lyft cuts carbon offsets, promises to transition to electric vehicles by 2030
The company is scrapping the carbon offset program it launched in 2018. The offsets made all of its rides carbon...
Biden wants to undo Trump’s tax cuts. That could rattle Wall Street
Joe Biden, the presumptive Democratic presidential nominee, has proposed lifting the corporate tax rate to 28%. That would reverse half...
Reebok cuts ties with CrossFit after CEO’s George Floyd tweets
Gym owners say they were dismayed by CrossFit's failure to quickly put out a statement expressing solidarity with protesters or...
Opec and Russia agree to extend record oil supply cuts
Opec and Russia have agreed to extend their record oil production cuts for a further month as crude recovers to...
OPEC and Russia Agree to Extend Oil Production Cuts
Many of the world’s major oil producers agreed on Saturday to extend the record oil production cuts that have helped...
OPEC and Russia Are Likely to Extend Production Cuts
IHS Markit, a research firm, estimates that 14 million barrels a day in oil output has been shut off around...
Saudi Arabia poised to reverse extra production cuts as Opec+ meets
Saudi Arabia is set to unwind the extra production cuts it pledged last month, increasingly confident that the grand bargain...
Pay Cuts Become a Tool for Some Companies to Avoid Layoffs
It was late and Martin A. Kits van Heyningen feared he was letting the team down at the company he...
Gilt yields sink below zero as investors brace for more rate cuts
Growing expectations for further rate cuts in the UK sent yields on government bonds below zero on Thursday, with debt...
Trump Eyes New Tax Cuts for Next Stimulus Package
WASHINGTON — The Trump administration is considering a wide range of tax-cut proposals for businesses and investors in the next...
Texas regulator drops effort to force oil production cuts
A Texas regulator has dropped an effort to use decades-old state rules to force oil producers to cut output in...
Shell cuts dividend for first time since World War II
The Anglo-Dutch firm, one of the world's largest oil companies, said in a statement Thursday that it will cut its...
Fitch cuts Italy’s credit rating to one notch above junk
Fitch has downgraded Italy’s credit rating to a single notch above “junk”, saying the jump in debt levels resulting from...
US crude prices tumble as world’s largest oil ETF cuts stake
US oil prices fell sharply on Monday after the world’s largest oil-backed exchange traded fund began offloading all its short...
Rupert Murdoch, His Son Lachlan and Other Fox Executives Will Take Pay Cuts
Rupert Murdoch’s Fox Corporation, the owner of Fox News and the Fox television network, announced pay cuts to its executive...
