Latest in Brazil freezes spending at $3.33 billion to comply with fiscal rules
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Why chancellors need fiscal rules
Rachel Reeves’s new set-up frees up capital spending but her ability to reap benefits depends on many other thingsBusiness - Financial Times - October 25 -
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The UK gets it wrong again on fiscal rules
You’re a little much for me, public sector net financial liabilitiesWorld - Financial Times - November 5 -
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Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.Business - CNBC - November 4 -
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Small Business Administration-Backed Financing Rose to $56 Billion in Fiscal Year 2024
Smaller loans made up for much of the additional funding.Business - Inc. - November 8 -
Outside spending eclipses $1 billion in the presidential race, setting a new record
Outside groups have poured a record-breaking $1.1 billion into the presidential race with less than two weeks to go before Election Day.Top stories - NBC News - October 24 -
Harris, Trump and Allies Spend Over a Half-Billion Dollars in 16 Days
Donald Trump has now raised $1 billion since announcing his run for president. And he has Elon Musk’s $119 million. But Kamala Harris has a huge cash advantage.Top stories - The New York Times - October 25 -
A Psychologist Explains Why Americans Spend Billions to Scare Themselves Silly on Halloween
Why do Americans shell out north of $12 billion on Halloween? A psychologist explains the appeal of scaring ourselves silly.Business - Inc. - October 25 -
The Budget Hawk Atop a Tech Giant's $64 Billion Spending Spree
Amy Hood is at the center of Microsoft’s bet-the-company dive into AI.Tech - The Wall Street Journal - November 1 -
Zelenskyy welcomes US decision to give landmines to Ukraine amid criticism from aid groups – Russia-Ukraine war live
Ukrainian president hails mines as important part of arsenal in statement; aid groups condemn ‘unethical’ decision, saying mines risk harming civilians. In a television interview in France, foreign ...World - The Guardian - 2 days ago -
Judge Plans to Rule on Musk’s $56 Billion Tesla Payday by Year End
The contentious proceedings in Delaware’s Court of Chancery should be complete by the end of December, according to the judge’s letter to lawyers in the case.Business - Inc. - November 1 -
Brazil reaches a $23 billion settlement with mining firms over a 2015 environmental disaster
Brazil’s President Luiz Inácio Lula da Silva has signed an agreement worth tens of billions of dollars with the mining companies responsible for a 2015 dam collapse that was one of the country’s ...World - ABC News - October 25 -
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Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it
Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying offTech - ABC News - October 30 -
Retail Group Sees $78 Billion Spending Hit From Trump Tariff Plan
A National Retail Federation predicts a huge loss in consumer spending power under Trump, who also threatened Mexico and China with further tariffs over fentanyl flows to the U.S.Business - Inc. - November 5 -
Americans spend $300 billion a year on gift cards. Why some experts say they should stop.
“Gift cards are a good idea for everybody but the person who receives them.”Business - MarketWatch - November 13 -
Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures
Enterprise spending on generative AI surged 500% this year, hitting $13.8 billion — up from just $2.3 billion in 2023, according to a new Menlo Ventures report.Business - CNBC - 2 days ago -
FirstFT: Partner pay at US law firms hits record levels
Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programmeWorld - Financial Times - October 25 -
Why Georgia’s EU future is on the ballot in historic parliament vote
Also in this newsletter: Russian migrant-smuggling ring bustedWorld - Financial Times - October 25 -
The 80% rule doesn’t cut it anymore: You may end up spending a lot more in retirement than you expect
Between the “go-go” years and healthcare costs, your expenses may stay the same — or even rise.Business - MarketWatch - November 11 -
The NHL has strict rules for how much teams can spend. Here's how it works
The NHL is one of two of the big four North American sports leagues with a hard salary cap.Business - CNBC - 3 days ago -
Europe’s fiscal tug of war
Pressure to display fiscal discipline is no less high than pressure to spend more on security and economic innovationWorld - Financial Times - October 26 -
Abbott to Texas universities: Freeze tuition
Texas Gov. Greg Abbott (R) announced Wednesday he has sent letters to all public universities in the state saying he would not support tuition raises over the next two years. His office spoke to ...Politics - The Hill - November 14 -
Peering inside a (fiscal) black hole
Come for the snark, stay for the Soundgarden punsWorld - Financial Times - November 1 -
Trump’s Tax Proposals Face a Fiscal Reckoning
Advisers to President-elect Donald J. Trump and Republicans on Capitol Hill are already looking at ways to scale back some of his more expensive ideas.Business - The New York Times - November 7 -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Ill Freeze arrives late for UK matchup, will coach
Auburn coach Hugh Freeze didn't travel with the Tigers on Friday after falling ill, with sources saying he flew to join his team Saturday morning ahead of a 7:45 p.m. ET kickoff against Kentucky.Sports - ESPN - October 26 -
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Fresh weather warnings as UK hit by cold snap
Fresh warnings of snow and ice announced for parts of the UK going into Thursday and the weekend.Top stories - BBC News - 3 days ago -
Parents of Israeli Soldiers Struggle With Ethics of Freezing Sperm
In Israel, the military is now offering to preserve the sperm of soldiers killed in war. Parents and widows are struggling with the decision.Business - The New York Times - 3 days ago -
Starmer to pledge to ‘embrace fiscal reality’ in the Budget
UK prime minister is facing growing criticism that planned tax rises will hit ‘working people’Business - Financial Times - October 27
