Republicans gear up for the coming battle over $5 trillion tax cut's costs

VW boss Blume says company's cost-cutting goals are set

World - Yahoo News - November 3

BT says UK Budget will lift costs by £100mn as it lowers revenue guidance

Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’

World - Financial Times - November 7

Rivian Reassures Investors With Cost Cuts, Green Credit Sales

Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.

Business - Inc. - November 8

23andMe to slash 40% of its workforce, end therapeutics program to cut costs

DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.

Business - MarketWatch - November 12

Chris Wallace exits CNN as post-election cost-cutting begins

Wallace moved from Fox News to CNN in late 2021 to be a host on its short-lived streaming service. He hosts "Who's Talking to Chris Wallace?"

Entertainment - Los Angeles Times - November 12

Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.

Business - The Wall Street Journal - November 11

GM lays off 1,000 employees amid reorganization, cost-cutting

The layoffs, which were announced Friday morning via email to those impacted, were across the business.

Business - CNBC - November 15

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 ...

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

German automaker Mercedes-Benz plans substantial cost cuts

World - Yahoo News - 6 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 - 2 hours ago

China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

Business - CNBC - November 8

Faisal Islam: The cost-of-living crisis isn't over

Inflation is easing, but many people are still struggling to afford the basics.

Reeves insists she will not be ‘coming back with more tax increases’

UK chancellor describes last week’s £40bn tax-raising Budget as a ‘one-off reset’ and one ‘we will never need . . . again’

World - Financial Times - November 6

Some tax refunds can come with hidden fees, government report warns

Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.

Sanders ignites Democratic battle over election loss

Democrats are pointing fingers and scrambling for answers over what went wrong with their message on the economy after a resounding loss by Vice President Harris to President-elect Trump that saw ...

Politics - The Hill - November 7

'The View' hosts battle over why Trump won

Sara Haines of ABC’s “The View” explained her thoughts on why voters sided with President-elect Trump in a heated discussion with her co-hosts Friday. “It’s condescending, the way that the left ...

Politics - The Hill - November 8

What's next in Florida's battle over abortion

Florida's abortion rights groups are taking stock after a narrow loss in last week's ballot referendum but say the fight to overturn the state's six-week abortion ban isn't over. Florida became ...

Politics - The Hill - November 16

Republican Congress Could Mean Slashed Taxes and Heightened Deficits

Trump’s agenda could sink the U.S. government trillions of dollars further into debt.

Business - Inc. - November 13

Lions top Texans despite five Jared Goff INTs; Jets, Cowboys are cooked; CFP race heating up

Jake Bates made a 52-yard field goal as time expired to lift Detroit

Sports - CBS Sports - November 11

The Papers: 'King cuts off Andrew' and 'tax blow for care homes'

A range of stories are on the front of Saturday's papers including a new biography about the royals.

Colorado governor says tax cuts key to state's shift left

Colorado Gov. Jared Polis (D) said on Wednesday tax cuts are key to his state’s shift to the left in the wake of President-elect Trump’s win in the 2024 presidential election. Republicans made ...

Politics - The Hill - November 8

The markets could have the final say on Trump’s tax cuts and tariffs

Financial markets could wind up as the final arbiter about whether he has gone too far.

Politics - The Hill - November 15

Granholm warns that cutting EV tax credits would be ‘ceding’ to China

Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles (EVs) would benefit China. “You eliminate these credits, ...