Latest in US shoppers cut spending as economic outlook concerns mount
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US shoppers cut spending as economic outlook concerns mount
Tariffs, market volatility and political uncertainty threaten to undermine key driver of growth in world’s largest economyFinancial Times - 8h -
Delta warns on profit as economic ‘uncertainty’ dents US demand
Shares tumble more than 12% after-hours as carrier cuts quarterly revenue and earnings outlook by halfFinancial Times - 6d -
Airline stocks fall as possible economic 'soft patch' raises demand concerns
U.S. airline stocks tumbled Tuesday to their lowest levels since late last year after data showed some economic concerns, hitting what had been a bright spot for consumer spending.NBC News - 5d -
US airlines’ warnings of lower demand cast shadow over economic outlook
American, Delta and Southwest trim financial guidance on corporate and consumer softnessFinancial Times - 5d -
U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Airline and retail executives are bracing for a slowdown in demand amid concerns tariffs will cut down consumer spending.CNBC - 1d -
Musk’s cuts fail to stop US federal spending hitting new record
Government spending rose to $603bn in February despite hyperactive efficiency drive, data showsFinancial Times - 4d -
Small Businesses Still Struggle to Hire, Despite Rising Recession Fears
The NFIB’s monthly poll of entrepreneurs lists recruitment problems, inflation, and the general outlook for economic growth as leading concerns.Inc. - 5d -
Watch live: Trump addresses business leaders amid economic uncertainty
President Trump will give remarks to a room of business leaders Tuesday evening, as concerns around a possible trade war and the impact of tariffs on the U.S. economy mount. Trump's 25 percent ...The Hill - 5d -
Trump’s Policies Have Shaken a Once-Solid Economic Outlook
Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.The New York Times - 6d -
Louisiana voters in Speaker Johnson’s district react to Medicaid cut threats
Residents of Vinton, La., which is part of House Speaker Mike Johnson’s district, are concerned that Republicans will make cuts to Medicaid to reduce government spending. NBC News’ Melanie Zanona ...NBC News - 4d -
Trump’s Unpredictable Tariffs Cloud Europe’s Economic Outlook
The mood at a gathering of central bankers, economists and analysts in Europe was somewhat bewildered, as they assessed the unpredictability of trade policy and geopolitics.The New York Times - 4d -
Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending
The revised revenue projections suggest that flagging economic confidence has started to hurt travel, which can be an indicator for other industries.The New York Times - 5d -
Tesco to trial giving away expiring food to shoppers
Giving away food will be trialled in some Express stores in an effort to cut waste.BBC News - 3d -
Uncertain Shoppers Slow Spending as Retailers Temper 2025 Expectations
The Conference Board said consumer confidence took its biggest one-month slide in four years, forcing many national chains to lower earnings guidance.Inc. - Mar. 7 -
It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis | Jonathan Portes
Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination. What connects Donald Trump’s approach to trade, ...The Guardian - 4d -
US inflation fell more than expected to 2.8% in February
Figure bolsters case for cental bank to cut interest rates amid signs of slowing economic growthFinancial Times - 4d -
The US economic trump card
There is huge scope for householders to tap home equity lines of creditFinancial Times - 6d -
UK retail sales rise ‘modestly’ as consumers remain cautious
Shoppers continued to cut volume of goods they purchased in February, industry data indicatesFinancial Times - 6d -
Gold price hits $3,000 as trade tensions mount
Demand for the precious metal has surged amid economic uncertainty over the impact of the global trade war.BBC News - 2d -
South Africa plans to spend more on health and defense after US cuts aid
Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of livingABC News - 4d -
House GOP budget plan would cut domestic spending by $13 billion
House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...CBS News - 6d -
Consumer outlook sinks as recession fears take hold
Consumers are growing increasingly pessimistic about their financial future as a wave of economic uncertainty takes hold.CNBC - 5d -
GOP's Burchett berates CNN anchor over spending cuts coverage
Rep. Tim Burchett (R-Tenn.) on Tuesday attacked CNN’s coverage of the Department of Government Efficiency’s (DOGE) spending cuts and accused the network of trying to rally its viewers against ...The Hill - 5d -
‘Not quite yet beautiful’: Republicans at odds over spending cuts after meeting Trump
Senate Republicans aren’t seeing eye to eye with their colleagues in the House over places to cut spending in order to pay for their extension of the 2017 Trump tax cuts. GOP members of the Senate ...The Hill - 2d -
Nissan, Facing Mounting Challenges, Replaces Its C.E.O.
The automaker said on Tuesday that Makoto Uchida would step down. The company has said it would slash global production capacity and cut thousands of jobs.The New York Times - 5d -
NOAA and National Weather Service job cuts raise concerns about forecasts
A hurricane modeling specialist fired from the National Weather Service said progress on forecast accuracy may "go backwards" if job cuts continue.CBS News - 5d -
The U.S.-Canada trade war could signal a shift in economic ties, experts say
The U.S.-Canada trade war could shift economic ties as tariffs rise and tensions grow, raising concerns about future trade stability, experts say.CNBC - 2d -
Schumer spending bill fallout a symptom of disjointed Democratic strategy: ANALYSIS
If Democrats want to mount a fight, it would require coherent collective strategy.ABC News - 2d -
The Trump team administering economic shock therapy
Also in today’s newsletter, government spending hit a record high last monthFinancial Times - 3d -
NOAA cuts raising concerns over public safety
Another wave of mass firings could be hitting the National Oceanic and Atmospheric Administration. The agency, which includes the National Weather Service, could ultimately lose about 20% of its ...CBS News - 5d -
Trump administration's funding, staff cuts spark concerns over Colorado River
Federal funding freezes and staffing cuts are setting off alarms about the future of the Colorado River, a critical artery that supplies water to some 40 million people in 30 tribes and seven ...The Hill - Mar. 9 -
Delta cuts its once-rosy outlook. Here’s what’s worrying the airline.
Shares of Delta Air Lines Inc. dropped more than 9% after hours Monday after the airline slashed its current-quarter estimates, seeing trouble ahead for demand for its domestic flights.MarketWatch - 6d -
If even Germany is embracing higher spending, why on earth can’t Labour? | William Keegan
Russia has pushed Europe into a quasi-Keynesian approach to the defence budget. Only Britain insists on cutting help to the sick to pay for security. As the president of the US provokes trade and ...The Guardian - 17h -
Trump’s tariffs will be paid by the poor – while his tax cuts help the rich | Robert Reich
The math doesn’t work in the president’s economic promises, which will create a giant upward transfer of wealth. Donald Trump apparently believes his tariffs will bring so much money to the US ...The Guardian - 1d -
House GOP seeks spending cuts, defense increases in plan to avert shutdown
House Republicans on Saturday unveiled a six-month stopgap government funding plan, that seeks cuts to nondefense programs while boosting funding for defense. The bill's rollout kicks off a crucial ...The Hill - Mar. 8 -
G.O.P. Spending Bill Would Force $1 Billion Cut to D.C. Budget
Republicans omitted a standard provision approving the District’s budget in a stopgap funding measure needed to avert a shutdown before the end of the week. The result would be a 16 percent cut.The New York Times - 5d -
Inflation and Gas Prices Just Hit 4-Year Lows. The Fed Won’t Care
Policymakers won’t cut interest rates in March, but pressure is mounting.Inc. - 3d -
Is the US really heading into a recession?
Stock market falls, tariffs and other changes are reigniting fear of economic downturn in the US.BBC News - 4d -
Japan revises fourth-quarter GDP lower, complicating BOJ's interest rate outlook
Japan's economic growth slowed to 2.2% on an annualized basis in the fourth quarter as the country grapples with tepid domestic demand.CNBC - 5d -
Farms, Food Banks Cut Off Guard By Spending Cuts
Promising a return to “fiscally responsible initiatives,” the Agriculture Department ended two Biden-era programs that paid farmers to provide food to schools and low-income families.The New York Times - 3d