Latest in Taser maker Axon brushes off DOGE budget cut worries as stock rallies
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Taser maker Axon brushes off DOGE budget-cut worries as stock rallies
The company is playing up up its prospects for international growth and its cloud-services businessMarketWatch - 52m -
US companies left out of defence stock rally amid Trump’s Pentagon cuts
Fears over spending come as European groups’ shares soar on White House’s threat to cut support for region’s securityFinancial Times - 1d -
Stephen A. Smith brushes off Carville attack: ‘You sound like one of those old curmudgeons’
Stephen A. Smith brushed off Democratic strategist James Carville's recent criticism as the two continue their word battle regarding comments about the 2028 presidential election after Carville ...The Hill - 4d -
Trump’s Rift With Europe Adds Fuel to a Rally in Defense Stocks
A flurry of trading has helped push the Pan-European Stoxx 600 index to a record high as investors expect Europe’s governments to increase military spending.The New York Times - Feb. 18 -
Stagflation is a new threat to the stock-market rally. What investors should know.
Worries about an unwelcome mix of inflation and stagnating economic growth are back, only this time such fears are becoming harder for investors to shake off.MarketWatch - 2d -
Lucid aims to double EV production this year, stock rallies nearly 10%
Shares of Lucid Group Inc. shot up in after-hours trading Tuesday after the luxury EV maker narrowed its quarterly loss and announced a CEO change.MarketWatch - 21h -
Can Nvidia earnings rally the stock market and stop the bleeding in tech?
Highflying “Magnificent Seven” tech stock are in correction territory. Investors are watching Nvidia’s results to assess tech exposure.MarketWatch - 6h -
Super Micro’s stock surges. Here’s what’s really behind the big rally.
An end to Super Micro’s delisting drama is welcome news for “fast money” and quantitative investors. But one analyst says institutional investors are still avoiding the stock.MarketWatch - 1h -
U.S. stocks are near record highs. Why are investors so worried?
Sentiment gauges have soured — but the S&P 500 was at record highs just a few days ago. What’s going on?MarketWatch - 2d -
Increasing defence budget will require tough trade-offs
If Labour will not budge on tax, inflation and a persistent deficit may be the resultFinancial Times - 13h -
Cuts to Medicaid possible if Johnson's budget plan passes
Lawmakers on Capitol Hill are concerned about potential cuts to Medicaid if House Speaker Mike Johnson's budget proposal is passed. CBS News' Caitlin Huey-Burns reports.CBS News - 1d -
Novo Nordisk shares are rallying as Hims & Hers’ stock falters. An Ozempic alternative won’t be available for long.
Novo Nordisk shares rallied on Tuesday as a maker of a weight-loss drug alternative confirmed it won’t be selling it for much longer.MarketWatch - 1d -
Federal workers in limbo over DOGE cuts
Federal workers are criticizing layoffs by Elon Musk’s Department of Government Efficiency. 80 percent of the federal workforce is outside of Washington. Meanwhile, Musk is defending his directive ...NBC News - 23h -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - 1d -
How Johnson pulled off a win on his House budget plan
House Speaker Mike Johnson managed to get enough votes in the House to pass his budget proposal, which President Trump endorsed. CBS News' Taurean Small reports on what happens next.CBS News - 6h -
Democrats outline playbook to target House Republicans on Medicaid, budget and DOGE
Democrats to target vulnerable House Republicans by highlighting potential cuts to Medicaid, other federal spending in the budget GOP lawmakers hope to vote on this week.ABC News - 1d -
Republicans start to feel the heat on budget cuts: From the Politics Desk
House Republicans will face a budget resolution vote after hearing concerns from constituents about Trump and Musk's budget cuts.NBC News - 4d -
Starmer announces big cut to UK aid budget to boost defence spending
PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned. Keir Starmer has announced drastic cuts to Britain’s international aid budget to help pay for a ...The Guardian - 1d -
Jeffries says Johnson's budget plan could lead to big Medicaid cuts
House Minority Leader Hakeem Jeffries is warning that House Speaker Mike Johnson's budget proposal would lead to Medicaid cuts. CBS News' Taurean Small reports.CBS News - 1d -
Palantir’s Alex Karp Says He’s Fine With Pentagon Budget Cuts
Nevermind that Palantir’s stock price dropped and DOGE is slashing government contracts. Karp thinks his defense tech firm will thrive in a meritocracy.Inc. - 1d -
US House passes budget resolution to cut taxes and spending by trillions
Bill would lead to large increase in America’s deficit, independent analysts sayFinancial Times - 20h -
Trump says House budget plan will not cut Medicaid benefits
President Trump said the budget plan he endorsed and that passed in the House will not lead to cuts to Medicaid benefits. CBS News' Caitlin Huey-Burns has more.CBS News - 3h -
How the House Republican budget plan hopes to cut trillions of dollars in spending
The budget plan that narrowly passed in the House of Representatives proposes trillions of dollars in cuts over 10 years. CBS News' Taurean Small reports.CBS News - 2h -
Starbucks is laying off 1,100 workers and cutting drinks from its menu
Starbucks said the layoffs and slimmed down menu will help stores operate more efficiently.CBS News - 2d -
Starbucks to lay off 1,100 employees and cut drinks from its menu
Starbucks is planning to layoff 1,100 employees at the corporate level. The coffee chain is also slashing about 30% of its menu. CBS News MoneyWatch correspondent Kelly O'Grady has more on what's ...CBS News - 1d -
Police rescue a Chinese student whose finger was cut off by kidnappers
Philippine police say they safely recovered a Chinese student who was kidnapped by a gang that killed his driver and cut off the student’s finger in a bid to force his parents to pay a huge ransomABC News - 11h -
DOGE cuts at 9/11 health program may impact first responders
Advocates for those sickened by toxins from the massive debris of 9/11 are calling on President Trump to immediately reverse cuts he made to the World Trade Center Health Program. Anthony Gardner, ...CBS News - 5d -
Border Patrol chief discusses asylum policy changes, possible DOGE cuts
A new administration is bringing new changes to enforcement at the U.S-Mexico border as illegal crossings drop to a five-year low. Camilo Montoya-Galvez spoke to Michael Banks, the new chief of ...CBS News - 5d -
Trump, DOGE mass job cuts: Federal workers’ money questions answered
The Trump administration is terminating federal workers across agencies. Here’s what to know about your rights and finances if you were impacted by the cuts.CNBC - 5d -
DOGE Cuts Hit Federal Workers Who Aren’t Funded by Taxpayers
Fees paid to agencies like the Food and Drug Administration and the FDIC fund part of their workforces, so cutting those jobs doesn’t save any tax money.Inc. - 5d -
Angry voters confront Republican congressman over DOGE cuts at town hall
Republican Rep. Rich McCormick of Georgia faced boos and jeers at a town hall Thursday night. His constituents, including Democrats, were angry over the Department of Government Efficiency slashing ...CBS News - 4d -
Multiple lawsuits challenging DOGE's efforts to cut federal government's size
The Trump administration is facing over 80 lawsuits that are making their way through the legal system. CBS News Department of Justice reporter Jake Rosen breaks down the latest developments.CBS News - 4d -
Could Elon Musk benefit from DOGE cuts at consumer protection watchdog?
Earlier this month, President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau. Lesley Stahl has more on the agency and the Trump administration's attempts to ...CBS News - 4d -
DOGE cuts at health agencies prompt 'brain drain' fears
The Trump administration's effort to reshape the federal government through Elon Musk and his Department of Government Efficiency (DOGE) is raising fears among public health experts, researchers ...The Hill - 3d -
DOGE cuts pose potential liability for GOP in Virginia elections
Cuts to the federal workforce under President Trump are threatening to roil Virginia’s off-year elections this November as Democrats seek to make them a political liability in the battle for ...The Hill - 3d -
DOGE need to be more 'targeted' and 'thoughtful' with cuts, says GOP lawmaker
Rep. Nicole Malliotakis (R-N.Y.) joins Meet the Press NOW to discuss how House Republicans plan on passing a budget resolution containing President Trump’s tax and spending priorities.NBC News - 2d -
Kevin O’Leary: DOGE should cut 20 percent more
“Shark Tank” investor Kevin O’Leary defended tech billionaire Elon Musk on Monday evening, saying he thinks the Department of Government Efficiency (DOGE) should make even more cuts to government ...The Hill - 1d -
Jon Stewart takes on DOGE and makes some 'cuts' of his own
Jon Stewart may have gotten himself more than just a wee bit too worked up while hosting “The Daily Show” on Monday.NBC News - 1d -
Jon Stewart cuts hand during fiery monologue on DOGE, prescription drugs
Jon Stewart railed against sweeping cuts by the Department of Government Efficiency (DOGE) — and suffered one of his own in the process — during an impassioned monologue on "The Daily Show." ...The Hill - 1d