Spending in that crucial period is predicted to rise 3 to 4 percent from last year, as the economy cools and demand normalizes.
Category: Company Reports
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Orsted, Offshore Wind Firm, Cancels N.J. Projects
Denmark’s Orsted said it would be forced to write off as much as $5.6 billion as wind developers in the U.S. face wrenching financing costs.
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Orsted, Offshore Wind Firm, Cancels N.J. Projects
Denmark’s Orsted said it would be forced to write off as much as $5.5 billion as wind developers in the U.S. face wrenching financing costs.
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Halloween Shoppers Not Spooked as Economic Slowdown Remains Elusive
From apple picking to skeleton cows, early seasonal spending seems solid. It’s the latest sign that Federal Reserve policy to combat inflation hasn’t tanked growth.
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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet
BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.
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Siemens Energy in Talks With German Government for Financial Help
Financial problems at the company, a major supplier of wind turbines and power plants, could hamper the energy transition.
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G.M. Profit Down 7% in Strike-Affected Quarter
The carmaker reported $3.1 billion in profit from July through September, which included two weeks of walkouts by the United Automobile Workers.
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Federal Investigators Widen Tesla Inquiry, Company Says
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
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Nokia to Cut 14,000 Jobs in Major Overhaul at Telecom Giant
After a disappointing quarter, the Finnish technology company announced significant spending cuts.