Latest in Musk draws skepticism with call for $2 trillion in spending cuts
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Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - 2 days ago -
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 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - 6 days ago -
Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post
In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...Top stories - NBC News - 6 days ago -
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 - 6 days ago -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
Ministers complain to Starmer over spending cuts
Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.Top stories - BBC News - October 17 -
Elon Musk to watch results with Donald Trump
Trump earlier said he was going to host "a very special group of people" in Mar-a-Lago in Florida.Top stories - BBC News - 5 hours ago -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Junk-rated companies face record refinancing needs above $2 trillion through 2029, Moody’s says
Barring an economic slowdown, market conditions are still favorable, with interest rates expected to continue to come down and investors expected to be receptive to credit marketsBusiness - MarketWatch - October 14 -
Reeves aims to close £40bn funding gap as she plans tax rises in Budget
Figure is significantly more than the £22bn fiscal hole the government previously identifiedBusiness - Financial Times - October 15 -
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Starmer and Reeves face down cabinet revolt over spending cuts
Ministers complain about Treasury approach as prime minister and chancellor finalise October 30 BudgetBusiness - Financial Times - October 16 -
Wayfair customers are more price conscious, have cut spending as election nears
Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.Business - MarketWatch - 4 days ago -
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FirstFT: Calls grow for investigation into Musk election giveaways
Also in today’s newsletter, Trump’s vulgar ramble and Boeing workers to vote on pay dealWorld - Financial Times - October 21 -
Cruz calls out McConnell-aligned group for not spending 'a penny' in Texas
Texas Sen. Ted Cruz (R) vented his frustration with the Senate Leadership Fund, a super PAC aligned with Senate Republican Leader Mitch McConnell (Ky.), for not spending any money in his ...Politics - The Hill - October 14 -
Fed’s Waller calls for rate cut caution after ‘disappointing’ data
Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcomeWorld - Financial Times - October 15 -
Blackstone plans to list some of its largest investments
Sluggish asset sales hit third-quarter profits at world’s biggest private capital groupBusiness - Financial Times - October 17 -
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 - Yesterday -
Comedian at Trump rally draws backlash for calling Puerto Rico a "floating pile of garbage"
Former President Donald Trump rallied at Madison Square Garden in Manhattan, talking about the economy, the border and unleashing attacks on Vice President Kamala Harris. Allies joined the former ...Top stories - CBS News - October 28 -
Tesla Earnings Call Could Mean Tough Robotaxi Questions for Musk
Investors will likely grill the mercurial CEO over the company’s major strategic shifts, including self-driving software and sales in China and the U.S.Business - Inc. - October 21 -
NASA chief calls for reported Musk-Putin talks to be investigated
NASA Administrator Bill Nelson called for The Wall Street Journal’s recent report on “secret” conversations between tech billionaire Elon Musk and Russian President Vladimir Putin to be ...Politics - The Hill - October 25 -
More than 100 researchers call for pause in Musk Starlink launches
Researchers are urging the federal government to pause further low-orbit internet satellite launches until a comprehensive review is conducted to determine the potential environmental damage that ...Politics - The Hill - 6 days ago -
Euro falls to 2-month low as investors price in interest rate cuts
Single currency has dropped more than 2% against dollar so far this monthWorld - Financial Times - October 15 -
CEO of Europe defense company says region faces ‘wake-up call’ to boost spending
Countries have to start building capabilities and replenish stockpiles, said CEO of Swedish defense contractor Saab.Business - MarketWatch - October 22 -
Elon Musk Is Giving Away $1 Million a Day in Bid to be the 'Secretary of Cost-Cutting'
Four days spent barnstorming Pennsylvania for Donald Trump highlighted support for the tech titan leading a new government efficiency effort.Business - The Wall Street Journal - October 21 -
2 in 5 U.S. credit card holders have topped out their spending limit
Lower-income earners and older people are more likely to say they've maxed out a card since the Fed starting hiking interest rates.Top stories - CBS News - October 17 -
A New Age Skeptic Visits Sedona
On a trip to the Arizona town a writer tries to understand her mystically inclined mother’s beliefs with the help of crystals, meditation and visits to the area’s supposed celestial portals.Lifestyle - The New York Times - October 18 -
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 -
Al Pacino calls his spending a 'crazy montage of loss' early in his career: 'I had $50 million and then I had nothing'
In his new memoir, Oscar winning actor Al Pacino says at one point he was paying his landscaper $400,000 a year to maintain a property he didn't even live in.Business - CNBC - October 17 -
WSJ Tech Live: Executives, Investors and Artists Debate AI's Potential
Andreessen Horowitz’s Martin Casado says tech policy is in a ‘dangerous place.’Tech - The Wall Street Journal - October 23 -
Biden calls out Musk over a published report that the Tesla CEO once worked in the US illegally
President Joe Biden has slammed Elon Musk for hypocrisy on immigration after a published report that the Tesla CEO once worked illegally in the United StatesTech - ABC News - October 28
