U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
The threat of tariffs has led shoppers to tighten their purse strings.
Read more at Inc.
Topics
-
US stocks fall as consumer confidence sinks most in four years
Oil prices drop while government bonds climb on worries Donald Trump’s tariffs will hit economyFinancial Times - 3d -
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.The New York Times - 1d -
Eli Lilly to spend $27 billion to expand U.S. manufacturing with four new sites
Eli Lilly & Co.’s stock rose 1.6% Wednesday, after the drug company announced plans to expand its U.S. manufacturing sites by adding four more locations this year, along with 13,000 high-wage jobs.MarketWatch - 2d -
Google’s Sergey Brin Asks Workers to Spend More Time In the Office
The tech giant’s co-founder said that if employees worked harder and were in the office more, the company could reach an artificial general intelligence breakthrough.The New York Times - 1d -
Elon Musk’s four-year-old son blended in perfectly in the Oval Office with all the other bogeymen | Catherine Bennett
Regardless of anxiety by most parents about over-sharing, the president’s aide brought one of his children to the White House. If the reversal of declining birthrates is genuinely a preoccupation ...The Guardian - 5d -
EU spends more on Russian oil and gas than financial aid to Ukraine – report
Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...The Guardian - 4d -
‘No more excuses’: Europe under pressure on defence spending three years after Russian invasion
Continent is being told to take more responsibility for its own defence in light of US president’s overtures to Putin. A few days after Vladimir Putin sent Russia’s invading forces into Ukraine in ...The Guardian - 4d -
Tesla recalls more than 375,000 vehicles in U.S. due to failing power-assisted steering systems
Tesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems.CNBC - Feb. 21 -
Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released
Nvidia CEO Jensen Huang spoke with CNBC's Jon Fortt following the chipmaker's quarterly earnings report on Wednesday.CNBC - 1d
More from Inc.
-
How to Do More With Less by Following DeepSeek’s Playbook
Do you actually need more money, or do you need to start innovating?Inc. - 48m -
Who Invented the Toaster? It’s Complicated
For a long time, the toaster has been attributed to a Brit named Alan MacMasters.Inc. - 1h -
Emotionally Intelligent People Use a Brilliant 3-Word Phrase to Learn, Remember, and Get More Out of Life
When you’re running a business, it can be difficult to take time off. Use this slogan to reset your priorities.Inc. - 2h -
Economic Blackout: Does Paying in Cash Really Help Small Businesses?
A large consumer boycott aims to hit back at big businesses and banks. But many small companies have moved away from cash.Inc. - 2h -
AI Could Help Address the Accountant Shortage—but Adoption Rates Remain Low
A new report from Wolters Kluwer suggests that the tax industry still has a ways to go around automation.Inc. - 2h
More in Business
-
Trump’s ‘World War III’ warning to Zelensky rattled stocks. Why they quickly recovered.
Markets are reacting like it’s “theater” and a Ukraine-Russia peace deal can still move forward, strategist says.MarketWatch - 24m -
Starmer expresses support for Ukraine after calls to Trump and Zelenskyy
Dramatic conclusion of White House meeting comes as US and Ukraine had planned to sign mineral dealFinancial Times - 25m -
How the Trump-Zelenskyy clash unfolded
Oval Office meeting deteriorated into an angry argument that exposed years of mistrust between the leadersFinancial Times - 27m -
Worried about Social Security staff cuts? Put money aside now, the agency’s former director says.
Martin O’Malley said DOGE’s involvement in Social Security will hurt beneficiaries. Brace for delays in service — and even benefits.MarketWatch - 28m -
Closely watched Atlanta Fed GDP tracker sees U.S. economy contracting in first quarter
This would be the first negative quarter in three years, and comes as talk of a possible recession picks up.MarketWatch - 41m