Tag Archives: cost

Americans are struggling financially, grappling with debt and the rising cost of living, and are blaming the Trump administration and corporate interests for worsening economic outlooks for working families, according to a new poll. Six out of 10 Americans place blame on the Trump administration for driving up their cost of living, according to a poll conducted by Morning Consult …

By Patrick Wingrove (Reuters) -Moderna (MRNA) topped Wall Street sales expectations and reported a lower-than-expected second-quarter loss on Friday, driven by robust Spring COVID booster demand and aggressive cost cuts. However, its shares fell more than 4% in premarket trading after the company lowered its 2025 sales forecast to $1.5 billion to $2.2 billion, cutting $300 million from the top …

Jim Farley, the CEO of Ford, said on Wednesday that the Trump administration’s tariff policy would saddle the automaker with a $2 billion bill while benefiting its Japanese rivals. “Our tariff bill is $2 billion, and that’s a net number,” Farley said in an earnings call. The company had projected a tariff hit of $1.5 billion in its last quarter. …

Coinbase reports data theft cost $307 million as spot volumes and revenue dip in Q2  The Block Coinbase shares fall 11.2% after profit drop  Yahoo Finance Coinbase shares tumble as second-quarter revenue disappoints  CNBC Coinbase misses the mark on quarterly sales, including this all-important revenue stream  MarketWatch Coinbase’s Profit Jumps on Crypto Investment Gains  The Wall Street Journal Source link

Moderna, working through operating cost and R&D cuts, to sideline 10% of global workforce by year-end  Fierce Pharma Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow  CNBC Moderna will lay off 10% of employees, Massachusetts-based company announces  CBS News Vaccine maker Moderna cuts hundreds of jobs; CEO says ‘every effort’ made to avoid layoffs  The Business Journals Moderna …

Trade details: New York Yankees acquire RHP David Bednar from the Pittsburgh Pirates for C/1B Rafael Flores, C Edgleen Perez and OF Brian Sanchez Yankees acquire RHP Jake Bird from the Colorado Rockies for 2B Roc Riggio and LHP Ben Shields The Yankees upgraded their bullpen with two moves Thursday, neither of which required them to dip into their deep …

Motor industry giant Ford says it expects tariffs to cost it about $2bn (£1.5bn) this year, which is more than previously expected, despite building most of its cars in America. The company says it had already paid an extra $800m in duties in the three months ending in June. It also suffered losses related to cutting an electric vehicle programme. …

Pets, Like Dogs and Cats, Have an Environmental Cost. Here’s How to Lessen It.  The New York Times Source link

New German cars are parked at a logistics center in Essen, Germany, on Feb. 3. Martin Meissner/AP hide caption toggle caption Martin Meissner/AP Tariffs have been costly for the auto industry. Higher taxes on imports like aluminum and steel are pushing up the prices of the materials that go into cars, while tariffs on foreign-made parts and imported vehicles have …

Adidas has warned that US tariffs will cost the German sportswear giant a further €200m (£173m) and confirmed that it will raise prices for American customers. Nearly half of the company’s products are made in Asian countries which recently agreed trade deals with the US. Announcing its latest results, Adidas chief executive Bjorn Gulden said the tariffs “will directly increase …