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Cost Pressures

All articles tagged with #cost pressures

technology9 days ago

Samsung Galaxy S26 Ultra Launches Soon with Price and Feature Updates

Samsung plans to raise the prices of its upcoming Galaxy S26 series by $30 to $60 due to rising costs, marking a departure from its previous policy of no price increases for flagship models, except for the Galaxy S24 Ultra. The price hike will mainly affect South Korea, while the US prices are expected to remain lower, with the Galaxy S26 starting at $799.99. The increase is driven by rising memory and component costs, as well as currency volatility.

via Wccftech|
#cost-pressures#galaxy-s26#price-hike
business1 year ago

"Spirit Airlines Faces Turbulence: Furloughs, Hub Closure, and Stock Impact"

Spirit Airlines has decided to halt its growth plans by deferring new airplane deliveries until 2030-2031, except for a few. This move comes as the airline faces financial challenges, including high fuel prices, increased employee costs, and downward pressure on fares. The decision to defer aircraft deliveries is aimed at managing cash flow and addressing debt obligations, but it also means the airline will have to furlough 260 pilots after the peak summer season.

via Cranky Flier|
#business#cost-pressures#deferrals
business2 years ago

"Paramount Global CEO Announces 800 Layoffs Amid Acquisition Speculation"

Paramount CEO Bob Bakish announced layoffs at the media company, citing the need to operate as a leaner company and spend less. The company plans to reduce international content spending and streamline operations, with the exact number of job cuts undisclosed. This comes amid a wave of layoffs in the media industry, as Paramount faces challenges including a soft market and acquisition rumors.

via CNBC|
#business#cost-pressures#layoffs
economy2 years ago

Japan's Wholesale Inflation Slows Sharply, Reflecting Waning Cost Pressures

Japan's wholesale inflation slowed below 1% for the first time in over two and a half years in October, indicating a decrease in cost push pressures that had been driving up prices. The slowdown in commodity-led inflation aligns with the Bank of Japan's projections, and attention now turns to whether wages and household spending will increase enough to generate demand-driven consumer price rises. The corporate goods price index (CGPI) increased 0.8% in October, matching market forecasts but cooling significantly from September's 2.2% rise. The slowdown was attributed to declines in prices for wood, chemical, and steel products, reflecting falling global commodity costs.

via Reuters.com|
#bank-of-japan#cost-pressures#demand-driven-inflation
business2 years ago

Charles Schwab Implements Job Cuts and Office Closures Amid Wall Street Downturn

Charles Schwab plans to reduce its workforce and close or downsize certain corporate offices as it faces cost pressures amid an uncertain economic environment. The brokerage firm did not disclose the number of employees to be laid off, but it expects most costs related to the layoffs to be incurred in the second half of 2023. Schwab aims to achieve about $500 million in annual cost savings through these actions. The company has been relying on more expensive funding sources to supplement its cash flow and had previously reported a smaller-than-expected drop in second-quarter profit.

via New York Post |
#business#charles-schwab#cost-pressures