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LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

RTTNews | 616 dni temu

LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

(RTTNews) - Technology platform LiveOne, Inc. (LVO) announced Thursday that as part of its focus on profitability and generating cash from operations on a consolidated basis, LiveOne is implementing additional cost and expense reductions of $7.5 million to $10 million from both operations and corporate overhead. The company plans to cut an additional 25% of Staff by Year-End with a continued focus on utilizing Artificial Intelligence.

These actions are anticipated to increase the previously implemented annual cost savings to a total of over $40 million.

The company said it has already successfully reduced costs and overhead by an expected $30 million on an annual basis over the past two years, while focusing on the operating performance of our Audio Division.

Tagi: LVO

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CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | 23 minut temu

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | 27 minut temu

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | 41 minut temu

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 56 minut temu

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | 1g 59 minut temu

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | 2g 7 minut temu

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.

RTTNews | 2g 19 minut temu

Asian Shares Mixed As Investors Await Powell Speech

Asian Shares Mixed As Investors Await Powell Speech

Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.

RTTNews | 2g 38 minut temu

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