Cuts

(Reuters) - U.S. genetic testing Illumina on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services.Shares of the San Diego,…

Breadcrumb Trail LinksPMN EnergyPMN BusinessAuthor of the article:Published Nov 09, 2023  •  3 minute read The Suncor Energy Centre pictured in downtown Calgary, Alta., Friday, Sept. 16, 2022.THE CANADIAN PRESS/Jeff McIntosh Photo by Jeff…

Federal Reserve Bank of Philadelphia President Patrick Harker:Says he supported the steady interest rate stance at latest FOMC meetingFed will stay higher for longer, no sign of near-term rate cutsNow is a time to take stock of past rate…

© Reuters. FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo By Greg Bensinger (Reuters) -Amazon.com has begun cutting…

According to Ava Labs CEO Emin Gün Sirer, the cuts were necessary to restructure and reallocate resources in the ongoing crypto bear market. The cryptocurrency job market continues to face issues with layoffs amid the challenges and…

Zentalis Pharmaceuticals (NASDAQ:ZNTL) lost ~21% to reach a new 52-week low on Tuesday after the cancer drug developer updated Phase 1 data for its lead candidate, azenosertib, leading to a downgrade from Leering Partners. With its Q3 2023…

© Reuters. (Reuters) - Pet products maker Zoetis Inc (NYSE:) cut its annual profit forecast and missed quarterly sales estimates on Thursday as inflation continues to weigh on pet spending. The company said it now expects adjusted…

© Reuters. FILE PHOTO: Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. Picture taken August 27, 2020. REUTERS/Clodagh Kilcoyne/File Photo By Helen Reid LONDON…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.KPMG will launch fresh job cuts in the UK and freeze pay for its deal advisory staff as a subdued deals market and…

Tens of billions of pounds of higher debt interest payments and a slowing economy mean that the UK’s fiscal picture is far worse than it was in the spring, the chancellor has warned before his autumn statement. Jeremy Hunt said that…