Latest in U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
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U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
The threat of tariffs has led shoppers to tighten their purse strings.Inc. - 7h -
US stocks fall as consumer confidence sinks most in four years
Oil prices drop while government bonds climb on worries Donald Trump’s tariffs will hit economyFinancial Times - 3d -
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.The New York Times - 1d -
Eli Lilly to spend $27 billion to expand U.S. manufacturing with four new sites
Eli Lilly & Co.’s stock rose 1.6% Wednesday, after the drug company announced plans to expand its U.S. manufacturing sites by adding four more locations this year, along with 13,000 high-wage jobs.MarketWatch - 2d -
Google’s Sergey Brin Asks Workers to Spend More Time In the Office
The tech giant’s co-founder said that if employees worked harder and were in the office more, the company could reach an artificial general intelligence breakthrough.The New York Times - 1d -
Elon Musk’s four-year-old son blended in perfectly in the Oval Office with all the other bogeymen | Catherine Bennett
Regardless of anxiety by most parents about over-sharing, the president’s aide brought one of his children to the White House. If the reversal of declining birthrates is genuinely a preoccupation ...The Guardian - 5d -
EU spends more on Russian oil and gas than financial aid to Ukraine – report
Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...The Guardian - 4d -
‘No more excuses’: Europe under pressure on defence spending three years after Russian invasion
Continent is being told to take more responsibility for its own defence in light of US president’s overtures to Putin. A few days after Vladimir Putin sent Russia’s invading forces into Ukraine in ...The Guardian - 4d -
Tesla recalls more than 375,000 vehicles in U.S. due to failing power-assisted steering systems
Tesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems.CNBC - Feb. 21 -
Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released
Nvidia CEO Jensen Huang spoke with CNBC's Jon Fortt following the chipmaker's quarterly earnings report on Wednesday.CNBC - 1d -
Remains of U.K. man missing for more than 2 years found in Georgia woods, FBI says
The remains of a United Kingdom man missing for nearly two-and-a-half years have been found in a privately owned wooded area near Kingsland, Georgia, the FBI said.NBC News - 3d -
Commentary: Three years later, rapper Drakeo's killing leaves behind more questions than answers
The rising West Coast rapper was stabbed to death backstage at hip-hop festival Once Upon a Time in L.A. Witnessing and writing about the slaying, journalist Jeff Weiss reckons with complex ...Los Angeles Times - 3d -
More than half of books banned last year featured LGBTQ characters or people of color, report finds
More than half of books banned during the last school year featured or were about people of color or members of the LGBTQ community, according to a report released Thursday.NBC News - 1d -
Billy Hart Has One Foot in Jazz’s Past and the Other in Its Future
At 84, the drummer whose discography includes credits on more than 600 albums is releasing another by his long-running quartet.The New York Times - 1d -
Home sales drop sharply as prices hit an all-time high for January
The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.CNBC - Feb. 21 -
After one year of Ineos at Man United, is the club any better off?
It's one year since Ineos' investment in Man United and took over the club's footballing operations. How has it done in meeting high expectations?ESPN - Feb. 20 -
UK government insists consultancy spending cuts ‘on track’
Big firms won £1.5bn of UK government work in 2024, an increase on the previous two yearsFinancial Times - 1d -
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Consumer sentiment sours as worries grow over outlook for U.S. economy
Confidence dropped 10% from January to the lowest level since late 2023.MarketWatch - Feb. 21 -
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans
The Consumer Sentiment Index hit its lowest reading since November 2023.Inc. - Feb. 21 -
As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy
Most official data continues to show the U.S. economy is humming along, with unemployment historically low and inflation expectations still relatively stable.NBC News - 6d -
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 - Feb. 21 -
Why Consumers Are Cutting Back on Shopping and Embracing ‘No Buy 2025’
Marketers followed consumers to social media and their phones. “Low Buy 2025” influencers are sharing tips for how to resist them.The New York Times - 12h -
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Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.CNBC - Feb. 21 -
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Israel receives bodies of four more hostages from Hamas
Israel has received the bodies of four more hostages and released around 600 Palestinian prisoners and detainees in exchange, the Israeli government and Palestinian groups said early Thursday.NBC News - 2d -
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Apple announces $500bn in US investments over next four years
Spending ranges from new AI server factory in Texas to film and TV content and may add 20,000 jobs. Apple announced Monday it would invest $500bn in the US in the next four years that would ...The Guardian - 4d -
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37-year-old had just $10,000 in cash savings after her divorce—now she makes nearly $1 million: 'I had to make a drastic change'
How Venus Wang built a seven-figure investment portfolio after divorce left her unemployed with just $10,000 in savings.CNBC - 4d -
White House pushes back on criticism of Trump spending cuts
White House press secretary Karoline Leavitt on Friday said Americans support the massive job and spending cuts President Trump has enacted across the federal government since returning to the Oval ...CBS News - Feb. 21 -
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 - 3d -
DOGE Quietly Deletes the 5 Biggest Spending Cuts It Celebrated Last Week
The cuts, highlighted on an earlier version of the “wall of receipts” posted by Elon Musk’s team, contained mistakes that vastly inflated the amount of money saved.The New York Times - 3d -
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 - 3d -
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 - 2d -
Some small businesses are on the brink after Trump's spending cuts affect contracts
"My company has been left behind," one small business founder said.ABC News - 2d -
White House says EPA will cut 65 percent of spending, not staff
Shortly after President Trump said Environmental Protection Agency (EPA) Administrator Lee Zeldin plans to cut 65 percent of the agency’s staff, the White House clarified and said Trump was ...The Hill - 1d -
USAID cuts are just the start of Trump, Musk plan to slash agency spending
The dismantling of the United States Agency for International Development (USAID) appears to be the beginning of President Trump's efforts to instill massive cuts across federal agencies. CBS News' ...CBS News - 1d
