expenses

By the end of this week, 1,300 people who work for Lucid Motors will have known that they're going to lose their jobs. The luxury electric vehicle maker has notified (PDF) the US Securities and Exchange Commission in a filing that it's reducing its current workforce by approximately 18 percent. Lucid said it's cutting jobs to reduce operating expenses "in response to evolving business needs and productivity improvements" and that it intends to complete this restructuring plan by the end of the second quarter this year. …

Amazon defeated a proposed class action lawsuit on behalf of nearly 7,000 workers in California that claimed the company should have reimbursed employees who worked remotely during the COVID-19 pandemic for home office expenses. US District Judge Vincent Chhabria in San Francisco said the named plaintiff, David Williams, failed to show that Amazon had a company-wide policy of not reimbursing employees for internet, cell phone and other costs, and the judge denied his motion to certify the workers as a class. The judge…

The agency that represents the public in utility rate proceedings is challenging a decision by state regulators to award Xcel Energy-Colorado $2 million for its expenses in a recent case. The Colorado Office of the Utility Consumer Advocate has appealed the decision by regulators to Denver District Court. The consumer advocate contends the decision by the state Public Utilities Commission was unlawful and wants the court to review it. Both the PUC and the consumer advocate’s office declined to comment on the lawsuit. In…

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. When inflation rises, child care expenses do, too. If you’re a parent, you may be hoping to get a little financial relief during the upcoming tax season through deductions or credits. But since there have been recent reductions to both of the child tax credits, you may not get…

The Financial Accounting Standards Board in 2023 wants to get closer to finalizing key rules, ranging from companies sharing more details on cryptocurrency holdings to breaking out certain expenses on income statements. The upshot: A wave of more work for businesses, more details for investors and more accurate accounting.The U.S. accounting rule maker in 2022 launched new projects following an agenda consultation with investors and other stakeholders in 2021, its first in five years. That led to the FASB incorporating…

Meta is directing "about half" of its Reality Labs' operating expenses toward augmented reality (AR) and is committed to its vision for the future.As shown in the company's quarter 3 (Q3) results, about 80 percent of Meta's total investments support the core business, and the remaining 20 percent goes to Reality Labs, Andrew Bosworth, Meta's chief technology officer and head of Reality Labs, said in a blog post."It's a level of investment we believe makes sense for a company committed to staying at the leading edge of one…

Last updated: December 9th, 2022 at 14:12 UTC+01:00 Samsung Electronics is cutting expenses for the Device Experience (DX) division, says a new report citing a company notice posted on its intranet earlier this week. According to said notice, Samsung’s DX division has switched to emergency mode due to the current economic landscape. A company official cited by BusinessKorea said that Samsung is “suffering a slump in sales of TVs and home appliances,” adding, “We can hardly expect a quick recovery in sales now.” One…

The loss shrank to 3.33 billion rupees ($40.8 million) in the three months through September from 4.14 billion rupees in the preceding quarter. Oyo Hotels, the once high-flying Indian startup, reported a narrower quarterly loss after curbing spending to cope with a slow recovery in travel following the pandemic.The loss shrank to 3.33 billion rupees ($40.8 million) in the three months through September from 4.14 billion rupees in the preceding quarter, the company said in a statement. Revenue was little changed at…

Rocket Pharmaceuticals Inc: "This is a very early stage company that has a lot in the pipe. I tend to like these companies. ... If you get a bunch of them, I think you're going to be fine."Plug Power Inc: "Plug Power's losing a fortune. ... They must get expenses under control."Anavex Life Sciences Corp: "This is another one that I kind of like, I've got to tell you. ... I do not like losses in tech, but in biotech I can accept the fact that they have a good pipeline."GoPro Inc: "I've got to go stop. ... I just don't…

ronnachaipark | iStock | Getty ImagesHealth-care expenses can often be unpredictable and unwelcome.However, depending on your situation, there may be strategies you can employ that make those outlays a bit less financially painful.Because some of them involve taxes, experts say they shouldn't be viewed in a vacuum. In other words, you may want to consult a professional so you know the impact any moves you make would have on other aspects of your finances.Here are four things that may ease some of the sting of your 2022…