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 result

World - Financial Times - October 31

US GDP rose at a 2.8% rate in third quarter on strong consumer spending

Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health

Business - Financial Times - October 30

Uber shares slide on slowing bookings growth

Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimates

Business - Financial Times - October 31

Target CEO says ‘consumers continue to spend cautiously’ amid triple-miss earnings report

Target’s stock is set to suffer worst day in more than two years after profit, revenue, comparable sales and outlook all came in below expectations.

Business - MarketWatch - 3 days ago

U.S. economy grew 2.8% last quarter, powered by consumer spending

Consumer confidence soared in October, signaling that Americans may continue to open their wallets.

Trump's proposed tariffs could raise prices for consumers and slow spending

President-elect Donald Trump has proposed stiff tariffs on imported goods, which could lead to higher prices and softer spending.

Business - CNBC - November 6

Home Depot’s sales are improving, but it says consumers are still cautious about spending

Home Depot is mired in a sales slump as homeowners put off major projects.

Business - CNBC - November 12

Japan's economy grows for a second straight quarter on the back of consumer spending

Japan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held up

World - ABC News - November 14

Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.

Business - The New York Times - October 31

Is the UK spending enough on defence?

And what Trump 2.0 could mean for Ukraine.

Battle of the billionaires: the mega rich spending to swing the US election

A small number of big spenders are having an outsize effect on fundraising in the 2024 presidential vote

World - Financial Times - October 27

Hidden behind the budget is a terrible bombshell: billions in cuts for disabled people | Frances Ryan

The DWP confirms that draconian ‘savings’ are coming down the track. Are we a nation that will repair hospitals, but not help a nurse with long Covid?. In the days after the budget, the headlines ...

World - The Guardian - November 5

Will Elon Musk be able to cut $2 trillion from US government spending?

The Tesla CEO claimed he could slash US spending by eradicating “waste”.

Should you use home equity to cover holiday spending?

Financial experts generally advise against it, but it could make sense in some situations. Here's why.

Alibaba posts profit beat as China looks to prop up tepid consumer spend

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.

Business - CNBC - November 15

Target's big discounting effort falls short as consumers spend less on some goods

Target reported earnings Wednesday that came in far below Wall Street's expectations, something the big-box retailer attributed to slower than expected demand.

Spend $1,800 On Jewelry, Get A PS5

The holiday season is coming up, and if you're looking to spend a lot of money on jewelry, you could get a PlayStation 5 for "free." Premium jewelry brand Helzberg has announced a new and ...

Tech - GameSpot - November 12

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 - 2 days ago

US senator says Trump would laugh at Canada's military spending as Canadian security forum begins

A U.S. senator and supporter of Donald Trump said Friday the president-elect would laugh at Canada’s current military spending plans and said the country must do more

World - ABC News - Yesterday

Harris to spend election night at Howard University

Vice President Harris will spend election night at Howard University, her alma mater in Washington, D.C., a source familiar told The Hill. Harris primary home is in California, but she has chosen ...

Politics - The Hill - October 30

Chris Mason: A change-making Budget and a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - October 30

The NHS and education are big winners in Reeves’ spending plan

But some Whitehall departments including the Home Office face real terms cuts to their budgets

World - Financial Times - October 30

The Papers on the Budget: 'Spending power' and 'nightmare on Downing Street'

Reactions to the Budget, which saw large rises in both tax and public spending, lead the papers.

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

Meta and Microsoft Won’t Stop Spending on AI

Both tech giants reported strong third quarters but their stocks fell anyway.

Business - Inc. - October 31

Abortion-rights groups outspend opponents by more than 6 to 1 in ballot measure campaigns

The groups promoting abortion-rights amendments on the ballots in nine states have outraised their opponents by more than 6 to 1 and are spending far more on ads

Health - ABC News - October 31

U.K. Budget Makes a Big Bet on Spending for Growth

The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.

Business - The New York Times - October 31

Rachel Reeves loosens UK welfare spending target

Ceiling rises 20% over 5-year period to £200bn to avoid ‘having to take short-term decisions’

World - Financial Times - November 2

How Harris and Trump are spending eve of Election Day

Vice President Kamala Harris and former President Donald Trump are spending the last hours of the 2024 presidential race making their final pitches at rallies in several battleground states. CBS ...

Where Harris and Trump will spend election night

Vice President Harris will spend election night at Howard University, her alma mater, while former President Trump will spend it at his Mar-a-Lago resort in Palm Beach, FL.

Politics - The Hill - November 5

Elon Musk to watch results with Donald Trump

The tech billionaire has aggressively campaigned for the Republican candidate in swing states across the country.

How Harris and Trump are spending election night

Election Day 2024 is finally underway, and Americans are waiting to learn who will be the next occupant of the Oval Office. CBS News' Nancy Cordes and Tony Dokoupil report on how Vice President ...

The Crypto Industry’s Spending on the Election Pays Off

The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.

Business - The New York Times - November 8

Defence chief calls for more spending on military

Treasury minister Darren Jones says defence spending should rise to 2.5% of GDP, but avoids saying by when.

Why Are Cities Still Spending Big on Convention Centers?

Cities are spending more than ever to land the biggest events, but companies have long pulled back on spending for annual conferences and attendance has dwindled.

Business - The New York Times - November 11

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