Latest in DOGE Taps Tech Heavyweights Travis Kalanick and Marc Andreessen to Spearhead Federal Cost Cutting Program
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GM lays off 1,000 employees amid reorganization and cost-cutting
General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the ...Top stories - NBC News - November 15 -
How Elon Musk Cuts Costs at Tesla, SpaceX and X
Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. ...Business - The New York Times - November 16 -
Ford to Cut 4,000 Jobs in Europe in Cost-Saving Drive
Ford became the latest carmaker to seek deep cost savings as it grapples with timid demand for electric vehicles and rising competition.Business - The Wall Street Journal - 6 days ago -
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Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?
Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.Business - The New York Times - 4 days ago -
BYD and Rivals in China Tell Suppliers to Cut Costs Amid Price War
China’s electric vehicle market is the world’s largest — and also its most cutthroat, with dozens of brands jostling for position.Business - The New York Times - 4 hours ago -
Democrats and DOGE
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Khanna finds common ground with Musk's DOGE Rep. Ro Khanna (D-Calif.) on Monday ...Politics - The Hill - Yesterday -
Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."Top stories - CBS News - November 18 -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
Possible Trump Treasury secretary says he'd work with Musk to cut federal spending
Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...Politics - The Hill - October 30 -
Harris slams House speaker for suggesting GOP would cut federal semiconductor aid
Democrat Kamala Harris and Republican Donald Trump are zeroing in on Sunbelt states as they embark on one last weekend quest to sway undecided voters in battleground states that will determine the ...Top stories - ABC News - November 2 -
The Federal Reserve cuts interest rates by a quarter point after election. Here's what that means for you
The second interest rate cut in a row will affect consumer borrowing costs. Here's what it means for your credit card, mortgage rate, car loan and savings.Business - CNBC - November 7 -
Homebuyers await mortgage relief after Federal Reserve's back-to-back rate cuts
The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks down ...Top stories - CBS News - November 11 -
Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.Business - CNBC - October 30 -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - October 30 -
UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts
Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely. . UK government borrowing costs have risen to their highest level ...World - The Guardian - October 31 -
Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts
Following comments on Google's earnings call about continuing cuts, employees wanted answers at the company's latest all-hands meeting.Business - CNBC - November 1 -
Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold
Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.Business - CNBC - November 7 -
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
The president-elect’s plan may do more harm than good, experts said.Business - MarketWatch - November 8 -
How much would a $10,000 home equity loan cost monthly now that rates are cut?
Home equity loan interest rates are on the decline. Here's how much a $10,000 loan costs per month right now.Top stories - CBS News - November 12 -
Barcelona mayor defends ban on tourist flats saying ‘drastic’ action needed to cut housing costs
Jaume Collboni determined to follow through with plan that he says will return 10,000 properties to city’s residents. The decision made headlines around the world, sparking surprise and threats of ...World - The Guardian - November 19 -
Republicans gear up for the coming battle over $5 trillion tax cut's costs
Republicans are united on extending the 2017 tax cuts, but at odds on how to offset the cost.Business - CNBC - Yesterday -
Manchester United spent £8.6m sacking staff in Jim Ratcliffe cost-cutting drive
Club made 250 members of staff redundant in summer Total debt rises to £714m after £200m transfer spend Manchester United spent £8.6m on redundancies in the first quarter of its financial year ...World - The Guardian - 23 hours ago -
A Former M.L.B. Executive Is Spearheading a New Pro Softball League
Kim Ng, who was the general manager of the Miami Marlins, is working with Athletes Unlimited to launch a four-team league in 2025.Sports - The New York Times - Yesterday -
Delayed and Canceled Products Show How Big Tech Can Fall Behind the Cutting Edge
Having years of technical know-how, staff with expertise, and billions of dollars available to invest doesn’t necessarily a good product make.Business - Inc. - November 1 -
Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
Tech giants are investing in the development of "sovereign" AI models in Europe to reduce the region's dependence on largely U.S.-controlled infrastructure.Business - CNBC - November 14 -
Dissecting the DOGE Playbook
Elon Musk and Vivek Ramaswamy have unveiled their first plans to trim government spending, a blueprint that mirrors how the tech mogul cut costs at Twitter.Business - The New York Times - 6 days ago -
Watch: Political heavyweight who stewarded New Labour
The former deputy leader of the Labour Party, who later sat in the Lords, leaves a wife and two sons.Top stories - BBC News - 6 days ago -
PSG in 'difficult' spot against heavyweights Bayern
PSG manager Luis Enrique said on Monday that his team have put themselves in a "difficult" spot with a slow start to their Champions League campaign.Sports - ESPN - Yesterday -
New AI Entertainment Studio Gets Backing From Peter Chernin, Andreessen Horowitz
The studio, Promise, will incorporate generative AI tools into various stages of production for movies and shows.Business - The Wall Street Journal - November 19 -
Will DOGE put spending on the chopping block?
President-elect Donald J. Trump has tapped Elon Musk and Vivek Ramaswamy to head up a non-governmental Department of Government Efficiency to recommend what government programs should be cut, with ...Politics - The Hill - 6 days ago
