Hunt Warns Not to Expect Tax Cuts in March Budget
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Hunt defends job cuts to increase defence spending
The chancellor says cutting services will cost "a great deal less" than allowing Russia to succeed in Ukraine.BBC News - Top stories -
Jeremy Hunt defends civil service job cuts to increase defence spending
Yahoo News - World - United Kingdom -
Argentine students and professors protest university budget cuts under Milei
Thousands of students and professors filled the streets of Buenos Aires and other cities to demand university funding amid President Javier Milei's harsh budget cuts.NBC News - Top stories -
Mayor Adams Walks Back Budget Cuts Many Saw as Unnecessary
The mayor released a revised $111.6 billion budget, which included $2.3 billion that would restore some funding for schools and cultural institutions.The New York Times - Top stories -
Trump’s tariffs could overshadow the benefits of his tax cuts, economists say
As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.MarketWatch - Business - Donald Trump -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.CNBC - Business - Federal Reserve -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.NBC News - Top stories - Federal Reserve -
More Bad News for the Fed: Its Favorite Inflation Gauge Increased More Than Expected in March
The PCE price index surged last month, putting the rate cut hopes of entrepreneurs on ice.Inc. - Business -
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines is one of Boeing's biggest customers and flies only 737s.CNBC - Business -
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025.NBC News - Top stories -
The Hunt for a Retirement Keepsake
On a family trip to Switzerland, Joseph Barreto fell in love with an Omega Constellation.The New York Times - Lifestyle -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Secretary of State Blinken warned Chinese leader Xi that the U.S. was prepared to act if Beijing didn't cut back on its support for Russia's defense industry.
Secretary of State Blinken warned Chinese leader Xi that the U.S. was prepared to act if Beijing didn’t cut back on its support for Russia’s defense industry.The Wall Street Journal - World - China -
Knight-Swift Is Hunting for Trucking Acquisitions
The truckload market leader sees potential growth and stability in less-than-truckload expansion.The Wall Street Journal - World -
UUP votes against budget as other parties agree
The UUP runs the Health Department - which has got less money than Robin Swann says it needs.BBC News - Top stories -
People 'at increased risk of harm' following budget
Robin Swann said the funding would restrict the health department in "use of drugs and therapies".BBC News - Top stories -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World -
U.S. trade deficit in goods widens in March to highest level in almost a year
The U.S. trade deficit in goods widened 1.7% to $91.8 billion in March, according to the Commerce Department’s advanced estimate released Thursday.MarketWatch - Business -
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Top stories - Federal Reserve -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectationsFinancial Times - Business -
Inflation ticked higher in March as incomes, spending rose
Inflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace of spending, according to data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index, the Federal ...The Hill - Politics -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectationsFinancial Times - Business -
Corporate insolvencies in England and Wales fall in March
First annual decline in volatile data set since July 2023 but numbers remain higher than pre-pandemic averageFinancial Times - World -
A defense budget of $1 trillion is looming. Here’s how to stop it
Stopping a trillion-dollar Pentagon budget requires mass movement to overcome the arms industry’s hold over Congress.The Hill - Politics -
HMRC’s struggles pose ‘a threat to tax compliance’
Authority’s chief in talks with ministers over additional fundingFinancial Times - World -
Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program
The Direct File website processed more than 140,000 returns, exceeding a goal announced in March.The Wall Street Journal - World -
SKF Warns of Lower Sales
SKF said it expected a mid-single digit fall in sales in the second quarter, with market volatility and geopolitical uncertainty continuing, after it reported below-forecast sales in the first quarter but profits in line with hopes.The Wall Street Journal - World -
SKF Warns of Lower Sales
SKF said it expected a mid-single digit fall in sales in the second quarter, with market volatility and geopolitical uncertainty continuing, after it reported below-forecast sales in the first quarter but profits in line with hopes.The Wall Street Journal - Business -
Frustrated with Brazil's Lula, Indigenous peoples march to demand land recognition
Yahoo News - World -
Kristi Noem describes killing dog after bad hunting trip in new book
South Dakota Gov. Kristi Noem (R) in a forthcoming book describes shooting a family dog after a hunting trip, according to a report in The Guardian, which obtained a copy of the book, “No Going Back: The Truth on What’s Wrong with Politics and How ...The Hill - Politics -
Billionaire tax to bolster Social Security popular in swing states
Voters in swing states are overwhelmingly supportive of taxing billionaires to support Social Security benefits, a new survey found. More than three-fourths — 77 percent — of voters across seven key swing states approved of the idea of raising ...The Hill - Politics -
German and Spanish ministers among those to demand rich pay more tax
Yahoo News - World - Germany -
Biden vs. GOP: Tax fight heats up ahead of election
Rhetoric is heating up on competing visions for taxes from Democrats and Republicans ahead of the 2024 election, which will determine whether the individual provisions in the 2017 Trump tax cuts are extended, modified or thrown into the ...The Hill - Politics - Joe Biden -
Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program
The Direct File website processed more than 140,000 returns, exceeding a goal announced in March.The Wall Street Journal - World -
The IRS declared its foray into online tax preparation a success and is considering expansions.
The IRS declared its foray into online tax preparation a success and is considering expansions.The Wall Street Journal - World -
A GDP Warning as Signs of Stagflation Appear
Slower growth and persistent inflation explain why voters feel glum about the economy.The Wall Street Journal - World -
Pending home sales see unexpected jump in March, despite rising mortgage rates
U.S. pending home sales rose 3.4% in March from the previous month, the National Association of Realtors said on Thursday.MarketWatch - Business - Mortgage -
News updates from April 26: US PCE rises 2.7% in March; Anglo American rejects BHP takeover bid
Financial Times - World -
Egypt warns of 'catastrophic consequences' as Rafah offensive looms
Yahoo News - World -
New Energizer Battery Warns Parents if Their Child Has Swallowed It
The new battery by Energizer, with “color alert technology,” comes nearly two years after a report warned that more children were swallowing batteries.The New York Times - Business