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Vestas to Cut Jobs at U.K. Factory
Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.The Wall Street Journal - Dec. 11 -
People will die in storm power cuts, councillor says
Thousands in Wales are still waiting for power to be restored after Storm Darragh.BBC News - Dec. 10 -
Watchdog raises concerns over Trump-era leak probes of reporters, members of Congress
A top government watchdog raised concerns over the handling of leak investigations during the first Trump administration that targeted members of Congress and the media.ABC News - Dec. 10 -
Live updates: Congress sprints to end as Trump nominees make rounds
Lawmakers returned to the Capitol this week to begin a sprint to finish work on a bill to keep the government funded, and legislation to authorize major defense programs. Read about the effort to ...The Hill - Dec. 10 -
Reeves vows to cut 'waste' in spending review
The chancellor says "efficiency savings" will ensure enough funding for key public services.BBC News - Dec. 10 -
Designer Brands Cuts 2024 Outlook
Designer Brands said its sales fell in the third quarter and cut its outlook for the year as unfavorable weather and economic uncertainty reduced consumer spending. Shares fell premarket.The Wall Street Journal - Dec. 10 -
Morning Report — Dear Congress, your deadline is nigh
In today’s issue: The trouble with lame-duck congressional sessions is that they’re so short and too long. In 10 days, Congress will run out of funds to keep the government operating through the ...The Hill - Dec. 10 -
Congress races toward fast-approaching government shutdown deadline
Congress has just 10 days until government funding is set to run out, and lawmakers don’t have a deal to keep the lights on during the holidays. Members on both sides of the aisle expect the ...The Hill - Dec. 10 -
Ashtead to Move Listing to U.S., Cuts Guidance
The equipment rental company cited commercial construction dynamics in the U.S. for lowering its guidance and said the country is its natural long-term listing venue.The Wall Street Journal - Dec. 10 -
Trump, Congress must fix the national emergency that Biden declared
President Biden's executive order declared the People's Republic of China's pursuit of cutting-edge technologies as a national emergency, and the Treasury Department's new outbound investment rules ...The Hill - Dec. 9 -
Democrats and Republicans in Congress worried that Gabbard might leak to Assad regime
When Tulsi Gabbard arrived in Congress, she was seen as a rising Democratic star. But over time, her views on Russia and Syria shocked, puzzled and alarmed her colleagues.NBC News - Dec. 8 -
Biden's lame-duck Ukraine request faces slim chances in Congress
Lawmakers see a slim chance of passing President Biden’s request for $24 billion in funding related to Ukraine, as House Speaker Mike Johnson (R-La.) has called for any new funding to be pushed ...The Hill - Dec. 8 -
DOGE's Musk, Ramaswamy want Congress to pass huge spending cuts. That's a tough sell
Congress' enthusiasm for smaller government is tempered by the difficulty of agreeing on what to cut.CNBC - Dec. 6 -
How the CFPB Could Change Under a Republican Congress
Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and activities.The New York Times - Dec. 6 -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - Dec. 6 -
Burchett: DOGE will be 'waste of time' unless Congress acts
Rep. Tim Burchett (R-Tenn.) said the proposed “Department of Government Efficiency” (DOGE) will be a “waste of time” unless Congress acts on the “things that they're talking real big about.” “The ...The Hill - Dec. 6 -
Elon Musk and Vivek Ramaswamy’s DOGE Goes to Congress
The tycoons in charge of President-elect Donald J. Trump’s amorphous government efficiency initiative made the rounds on Capitol Hill, bashing debt but revealing little about how they will tackle it.The New York Times - Dec. 6 -
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Taiwanese President Lai reportedly has phone talks from Guam with US Congress leaders
Taiwan’s President Lai Ching-te has reportedly held phone calls with U.S. congressional leaders while visiting GuamABC News - Dec. 5 -
McCarthy: Gaetz wanted 'excuse to resign' from Congress
Former House Speaker Kevin McCarthy (R-Calif.) said Wednesday that ex-Rep. Matt Gaetz (R-Fla.) wanted an "excuse to resign" from Congress when he was nominated by President-elect Trump to be ...The Hill - Dec. 5 -
Frasers Group Tumbles After Guidance Cut
The U.K. sports-fashion retailer lost $540.4 million off its market value after it lowered expectations for its fiscal year, citing recent tough business conditions and weak consumer confidence.The Wall Street Journal - Dec. 5 -
Congress's budget gimmicks: A history of failure
Congress has a long history of using gimmicks to reduce government spending and balance the budget, but these efforts have not been successful, as evidenced by the current budget situation.The Hill - Dec. 5 -
Morning Report — Congress braces for first 100 days
In today’s issue: As Republican lawmakers gear up for the 119th Congress, the House and Senate are bracing for differing challenges in the first 100 days of President-elect Trump’s administration. ...The Hill - Dec. 5 -
Trump’s Cabinet choices are disastrous. Why are so many Democrats in Congress quiet?
Trump's Cabinet picks are uniquely dangerous for the country — and many Democrats are acting like everything's normal.NBC News - Dec. 5 -
Trump names Peter Navarro, jailed for contempt of Congress, trade adviser
President-elect says Navarro, his former White House trade adviser, will focus on tariffs. Donald Trump said he would name former White House trade adviser Peter Navarro as senior counselor for ...The Guardian - Dec. 4 -
Trump taps Peter Navarro, convicted of contempt of Congress, as trade counselor
Peter Navarro served as a trade adviser in the first Trump administration, and was recently released from a four-month prison sentence for defying a congressional subpoena.CBS News - Dec. 4 -
Victim-support cut to be devastating, charity says
The cut follows government promises of stronger protections for victims of crimes such as stalking.BBC News - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
California cuts back on water deliveries, anticipating dry year ahead
California's cities may only receive about 5 percent of the water deliveries they have requested this year, with dry and warm conditions expected to persist through the winter, state officials ...The Hill - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Goodell speaks to Congress about the security issue of drones on NFL game days, AP source says
A person with knowledge of the meeting says NFL Commissioner Roger Goodell has met with congressional leaders to speak to them about the ongoing security issue of drones on game daysABC News - Dec. 3 -
Restoring Nomura’s credibility will take more than pay cuts
Taint of latest scandal overshadows bank’s growing earnings and could have long-lasting consequencesFinancial Times - Dec. 3 -
Congress faces shutdown dilemma that could mess with Trump's first 100 days
Congress faces a Dec. 20 deadline to avert a government shutdown and is expected to kick the funding fight til early 2025 when President-elect Donald Trump will be in office.NBC News - Dec. 3 -
Groups urge Congress to rein in federal bureaucracy after Supreme Court slashes agency authority
A coalition of 19 conservative and libertarian groups sent a letter to congressional leaders Wednesday urging them to act after a major Supreme Court decision clawing back federal agency power. The ...The Hill - Dec. 3 -
German job cuts darken mood of election campaign
Snap February poll comes as Europe’s largest economy faces its toughest challenges for decadesFinancial Times - Dec. 3 -
Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views
The Chandler, Ariz., total system solutions provider said it plans to cut about 500 employees following slower-than-expected turns orders and manufacturing restructuring plans.The Wall Street Journal - Dec. 2 -
Democrats in Congress Criticize Biden’s Pardon of His Son Hunter
Lawmakers in the president’s own party, many of them moderates, said his decision to pardon his son was selfish and would further damage Americans’ waning faith in democracy and the rule of law.The New York Times - Dec. 2 -
How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job
Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.The Wall Street Journal - Dec. 2
