Southwest Airlines pauses corporate hiring, most summer internships to cut costs

• Spike in UK borrowing costs raises specter of public spending cuts

  Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.
  
  CNBC - 1d
• 

  UK companies plan to invest in AI instead of hiring staff as costs rise

  A new poll says 51 per cent of business leaders aim to redirect investment this year
  
  Financial Times - 1d

• Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs

  Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.
  
  CNBC - 4d

• L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

  Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.
  
  MarketWatch - 4d

• Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle

  With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.
  
  MarketWatch - 6d
• 

  Tips for cutting down winter heating costs and electricity bills

  From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...
  
  NBC News - 6d

• Fed has hit the pause button for rates, and may only cut once this year, experts say

  The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...
  
  MarketWatch - Jan. 6

• These airlines were the most on time in 2024, analysis finds

  Delta ranked highest among U.S. carriers despite a computer outage​ in July that caused thousands of cancellations.
  
  CBS News - Jan. 3

• 'Unprecedented': The most punctual global airline last year was 'absolutely' a surprise, analytics firm CEO says

  Aeromexico, Saudia and Delta Air Lines were the most on-time global airlines in 2024, according to a report by aviation company Cirium.
  
  CNBC - Jan. 3

• These airlines were the most on time in 2024

  Supply chain issues and strong travel demand continued in 2024.
  
  CNBC - Jan. 2

More from CNBC

• Meta announces 5% cuts in preparation for 'intense year' — read the internal memo

  Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.
  
  CNBC - 37m

• Intel to spin off venture capital arm as chipmaker continues to restructure

  Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm.
  
  CNBC - 56m

• Budget deficit rose in December and is now 40% higher than it was a year ago

  For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually represented a 33% decline from a year prior.
  
  CNBC - 3h

• Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says

  Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as the company seeks ways to reel in expenses.
  
  CNBC - 1h

• Trump says he'll create 'External Revenue Service' to collect tariffs, foreign revenue

  President-elect Donald Trump has reportedly contemplated declaring a national economic emergency to implement tariffs.
  
  CNBC - 1h

More in Business

• 

  SEC accuses Musk of delaying disclosures on Twitter share position

  US regulator says Tesla chief underpaid by at least $150mn by not timely disclosing 5% stake in social media group
  
  Financial Times - 20m
• 

  Hegseth Earned $6 Million From TV, Books and Paid Speaking Fees

  Financial reports show the potential defense secretary’s pay from past speaking and writing, some of which provided fodder for senators during his confirmation hearing.
  
  The New York Times - 27m

• Fund manager reveals what needs to change for her to invest in luxury stocks

  Hannah Gooch-Peters of Sanlam Investments explains why she's cautious on luxury stocks like LVMH.
  
  CNBC - 36m

• Meta announces 5% cuts in preparation for 'intense year' — read the internal memo

  Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.
  
  CNBC - 37m

• How Trump can avoid repeating Biden’s biggest economic and foreign policy blunders

  Effective governance and caretaking the economy are best served by the golden mean — moderation in all things.
  
  MarketWatch - 40m