Cuts.

Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season
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Tesla owners in China protest against surprise price cuts they missed
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McDonald's plans reorganization, job cuts as it accelerates restaurant openings
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McDonald’s will be evaluating staffing levels as the company undergoes a reorganization and refocuses its priorities to accelerate restaurant expansion.

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AbbVie cuts earnings forecast due to milestone payments
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Salesforce co-CEO Marc Benioff hints at more potential layoffs after this week's job cuts
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Salesforce is confronting slowing growth, an activist investor concerned about the company’s operating leverage and a set of high-profile departures.

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Tesla stock sinks toward 2 1/2-year low after China price cuts, dragging Nio, XPeng and Li down with it
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Jim Cramer says more tech layoffs are coming after Salesforce cuts 10% of its headcount
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CNBC’s Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds.

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Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts
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Chinese EV maker Nio cuts delivery guidance for fourth quarter, citing Covid disruptions
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Nio had expected to deliver up to 48,000 EVs in the fourth quarter, but Covid-linked supply chain issues pushed the Chinese company to cut its guidance.

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NIO Cuts Delivery Outlook. That’s Not Good for Tesla.
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Storm cuts U.S. oil, gas, power output, sending prices higher
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California cuts payments to homeowners for solar panels feeding energy back to the grid
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Today’s unanimous vote by the five-member California Public Utilities Commission.

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Fed Expected to Keep Peak Rates for Longer, Dashing Hopes for 2023 Cuts
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Walgreens cuts stake in AmerisourceBergen through $1 billion share sale
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OPEC+ to consider deeper oil output cuts ahead of Russia sanctions and proposed price cap
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OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.

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Fed Officials Say More Rate Hikes Coming; Williams Flags Path to Cuts
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Carvana cuts 8% of workforce on slowing used-car demand
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UK finance minister announces tax hikes and spending cuts, says country is in recession
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The U.K. government on Thursday unveiled a sweeping fiscal plan aimed at plugging a gaping hole the public finances and restoring Britain’s economic credibility.

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Mercedes cuts some China electric car prices, shaking shares
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Amazon Begins Mass Job Cuts
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Twitter cuts a large number of contract workers without giving internal teams a heads up
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Since Elon Musk acquired Twitter, the social media business has implemented mass layoffs and now steep cuts to its contract workforce.

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Disney plans hiring freeze, layoffs and cost cuts, according to a memo from CEO Bob Chapek
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“We are limiting headcount additions through a targeted hiring freeze,” Disney CEO Bob Chapek said in a memo obtained by CNBC.

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Canceled sailings from China and 'radical' vessel cuts hit U.S. ability to reach export market
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As freight shipping prices fall on weak global demand, Asia-based sailings are being cancelled and that’s becoming a problem for US ports including Long Beach.

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Meta laying off more than 11,000 employees: Read Zuckerberg's letter announcing the cuts
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Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg told employees on Wednesday.

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