Billion Spending Hit

Retail Group Sees $78 Billion Spending Hit From Trump Tariff Plan

A National Retail Federation predicts a huge loss in consumer spending power under Trump, who also threatened Mexico and China with further tariffs over fentanyl flows to the U.S.

Business - Inc. - 10 hours ago

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.

Business - CNBC - October 24

Chancellor to change debt rules to release billions for infrastructure spending

Rachel Reeves tells the BBC the change will allow the government to borrow more money - but cuts are still expected in her first Budget next week.

Outside spending eclipses $1 billion in the presidential race, setting a new record

Outside groups have poured a record-breaking $1.1 billion into the presidential race with less than two weeks to go before Election Day.

Harris, Trump and Allies Spend Over a Half-Billion Dollars in 16 Days

Donald Trump has now raised $1 billion since announcing his run for president. And he has Elon Musk’s $119 million. But Kamala Harris has a huge cash advantage.

Top stories - The New York Times - October 25

A Psychologist Explains Why Americans Spend Billions to Scare Themselves Silly on Halloween

Why do Americans shell out north of $12 billion on Halloween? A psychologist explains the appeal of scaring ourselves silly.

Business - Inc. - October 25

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 - 4 days ago

Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off

Tech - ABC News - 5 days ago

"Mornings Memory": Noah Kahan's breakout hit "Stick Season" hits 1.2 billion streams

Two years ago, CBS News introduced us to rising star Noah Kahan and his hit song "Stick Season." Today, the song has gone from 60 million Spotify streams to over 1.2 billion, making it a massive ...

FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result

World - Financial Times - 5 days ago

Cabinet fightback: the revolt over spending

Plus, the English justice system in crisis

World - Financial Times - October 18

Reeves eyeing £40bn in tax rises and spending cuts

Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.

Companies curb UK advertising spending ahead of the Budget

Marketing budgets fail to grow for the first time in 14 quarters, trade body finds

Business - Financial Times - October 16

Ministers complain to Starmer over spending cuts

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.

Harris to spend election night at Howard University

Vice President Harris will spend election night at Howard University, her alma mater in Washington, D.C., a source familiar told The Hill. Harris primary home is in California, but she has chosen ...

Politics - The Hill - 6 days ago

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.

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 - 6 days ago

The NHS and education are big winners in Reeves’ spending plan

But some Whitehall departments including the Home Office face real terms cuts to their budgets

World - Financial Times - 6 days ago

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.

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.

Meta and Microsoft Won’t Stop Spending on AI

Both tech giants reported strong third quarters but their stocks fell anyway.

Business - Inc. - 5 days ago

Abortion-rights groups outspend opponents by more than 6 to 1 in ballot measure campaigns

The groups promoting abortion-rights amendments on the ballots in nine states have outraised their opponents by more than 6 to 1 and are spending far more on ads

Health - ABC News - 5 days ago

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 - 5 days ago

Rachel Reeves loosens UK welfare spending target

Ceiling rises 20% over 5-year period to £200bn to avoid ‘having to take short-term decisions’

World - Financial Times - 3 days ago

How Harris and Trump are spending eve of Election Day

Vice President Kamala Harris and former President Donald Trump are spending the last hours of the 2024 presidential race making their final pitches at rallies in several battleground states. CBS ...

Where Harris and Trump will spend election night

Vice President Harris will spend election night at Howard University, her alma mater, while former President Trump will spend it at his Mar-a-Lago resort in Palm Beach, FL.

Politics - The Hill - 10 hours ago

Elon Musk to watch results with Donald Trump

Trump earlier said he was going to host "a very special group of people" in Mar-a-Lago in Florida.

How Harris and Trump are spending election night

Election Day 2024 is finally underway, and Americans are waiting to learn who will be the next occupant of the Oval Office. CBS News' Nancy Cordes and Tony Dokoupil report on how Vice President ...

Billions of levelling-up cash in limbo

Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

Boeing takes a hit

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Boeing posts $6B loss ahead of union vote On Wednesday morning, Boeing reported ...

Politics - The Hill - October 23

Demis Hassabis’s drug discovery start-up accelerates spending to ‘solve’ diseases

Losses widen at Isomorphic Labs, as new Nobel Prize winner pushes forward with effort to use AI in healthcare

Business - Financial Times - October 14

Latest in Billion Spending Hit