Shop sales in surprise fall as Budget fears hit spending

Sales volumes fell by more than expected in October with clothing stores having a "notably poor" month.

Greggs shares fall as analysts predict near-£100mn Budget hit

Low-cost bakery chain has not yet commented on impact but retailers warn that measures will hurt

Business - Financial Times - November 8

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 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.

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

UK economy barely grows with Budget fears blamed

The chancellor says she is "not satisfied" by the latest growth figures, which were weaker than expected.

Western consumer groups unconvinced by China’s economic stimulus efforts

Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidence

Business - Financial Times - October 31

Will mortgage rates fall? Your Budget questions answered

Chancellor Rachel Reeves has announced a raft of changes to taxes and spending in the Budget.

China's 'Singles Day' shopping spree in spotlight as spending flags

World - Yahoo News - November 11

Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI

Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.

Business - CNBC - October 31

Richemont Sales Fall as Luxury's China Woes Linger

The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.

Business - The Wall Street Journal - November 8

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...

World - ABC News - October 30

EU should spend 20% of budget on security and climate disasters, report says

Finland’s former president reports on cost of Europe’s preparedness for multiple crises

Business - Financial Times - 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.

Rachel Reeves goes back to the future with a tax and spend budget

Chancellor heeds calls long made on the left for spending to match other European countries with rise of £70bn a year. Autumn budget live – latest updates Budget 2024: key points at a ...

World - The Guardian - October 30

Holiday spending tips to avoid impulse buys and stay on budget

A recent study reveals Gen Z and Millennials are most likely to make impulse buys during the holidays than Gen X and Baby Boomers. Jill Schlesinger joins "CBS Mornings Plus" with tips to make ...

Rachel Reeves defiant after historic tax and spend Budget

Verdict of markets will be critical for UK chancellor’s plans to increase government borrowing

Business - Financial Times - November 1

Israeli budget hikes military spending, VAT, cuts social services

World - Yahoo News - November 1

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

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

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.

The Entertainer blames Budget tax rise for axing new shops

The toy retailer says higher costs have hit expansion and led to a hiring freeze at its head office.

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

Retail Sales Rise in October as Americans Remain Willing to Spend

A mix of factors contributed to the uptick, as people bought more cars and home store sales went up as storm damage in the Southeast got fixed. It’s a good sign for the holiday shopping season.

Business - Inc. - November 15

Nestle to Step Up Spending in Push to Boost Sales Growth

The food giant tempered its profit expectations for next year and for sales growth over the medium term, as it steps up spending to boost its top line and win market share in the face of a tough ...

Business - The Wall Street Journal - 4 days ago

Nvidia's Sales Soar as AI Spending Boom Barrels Ahead

The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.

Business - The Wall Street Journal - 2 days ago

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - October 25

Biogen’s stock hit by soft sales of Alzheimer’s treatment

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.

Business - MarketWatch - October 30

Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory

World - Financial Times - October 31

Target Stock Plunges After Weak Earnings Report Ahead of Holiday Season

The retailer’s downbeat earnings report, which included lower profit and larger inventory, fell far short of Wall Street’s expectations.

Business - The New York Times - 2 days ago

Alphabet’s stock slides as Feds push for Chrome sale. Why fears are overblown.

The Google parent’s stock is heading for its worst day in 10 months. But one analyst thinks a forced Chrome sale seems unlikely.

Business - MarketWatch - 2 days ago

Rheinmetall Targets $21.2 Billion in Sales by 2027 as Western Defense Budgets Rise

The arms maker forecasts $21.2 billion in sales over the next three years amid higher defense spending in western markets.

Business - The Wall Street Journal - 4 days ago

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