Latest in Cut Say State
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What does the Fed's interest rate cut say about the state of the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly ...Top stories - CBS News - 9 hours ago -
Colorado governor says tax cuts key to state's shift left
Colorado Gov. Jared Polis (D) said on Wednesday tax cuts are key to his state’s shift to the left in the wake of President-elect Trump’s win in the 2024 presidential election. Republicans made ...Politics - The Hill - 7 hours ago -
Stellantis Says Moving Quickly to Cut U.S. Inventories
Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ...Business - The Wall Street Journal - October 31 -
Children must not pay price of council cuts, commissioner says
Local government experts say councils made all the "easy cuts" years ago and still face shortfalls.Top stories - BBC News - October 14 -
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”Business - The New York Times - October 15 -
Top Trump economic adviser says big Fed rate cut was justified
Kevin Hassett is contender to replace Jay Powell as US central bank chair if Republican wins electionBusiness - Financial Times - October 18 -
Back-to-back rate cuts no indication of future ECB policy, governor says
Slovenian central bank chief Boštjan Vasle argues central bank needs flexibility to respond to signs of persistent inflationWorld - Financial Times - October 20 -
Funding cuts could mean death of Sámi languages, say Indigenous parliaments
Sweden and Finland plan to withdraw funding to safeguard nine languages defined as threatened by Unesco. The Indigenous parliaments of Sweden, Finland and Norway have warned that some Sámi ...World - The Guardian - October 21 -
How to Attract Holiday Shoppers? Target and Walmart Say: Price Cuts and Throwbacks
Big-box retailers are rolling out discounts ahead of the winter shopping season.Business - Inc. - October 23 -
UK needs big emissions cut, climate watchdog says
The government's advisers say faster action is needed but the UK has the tools to achieve this.Top stories - BBC News - October 26 -
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.Business - CNBC - October 31 -
Prince Andrew's funding cut off by King, says book
The Duke of York has been cut off financially by King Charles, according to a royal biography.Top stories - BBC News - 5 days ago -
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BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - 21 hours ago -
Fed cuts interest rates as Powell says he will not resign as chair
US central bank lowers target range by a quarter point to 4.5%-4.75%World - Financial Times - 10 hours ago -
Georgia secretary of state office says it repelled cyberattack
The secretary of state's office in Georgia says it was unsuccessfully targeted by a cyberattack earlier this month.Top stories - CBS News - October 23 -
U.S. Says It Killed Islamic State Militants in Syria
Airstrikes on Monday targeted people who the military said were senior leaders of the group, which has sharply stepped up its attacks in Iraq and Syria.World - The New York Times - October 30 -
State Street says it is ‘shopping’ for a private credit manager
Money manager tries to catch up with rivals as investors shift into unlisted assetsBusiness - Financial Times - 2 days ago -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
Kevin Hassett, who was Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019, agreed with Trump’s view that the Federal Reserve has acted politically in recent ...Business - MarketWatch - October 19 -
Apple analyst Kuo says company cut iPhone 16 orders by 10 million units
Apple shares slid Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.Business - CNBC - October 23 -
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A Dutch government watchdog says the Netherlands is unlikely to hit a 2030 target for emissions cuts
The Dutch government’s climate watchdog is warning that the Netherlands is “very unlikely” to achieve a European Union-mandated reduction in greenhouse gas emissions by 2030 unless it takes urgent ...World - ABC News - October 24 -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - October 28 -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - October 28 -
Larry Fink says the Fed won't cut interest rates as much as markets expect this year
"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.Business - CNBC - October 29 -
Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.Business - CNBC - October 30 -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - October 30 -
Possible Trump Treasury secretary says he'd work with Musk to cut federal spending
Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...Politics - The Hill - October 30 -
Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs
Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview.Business - CNBC - 12 hours ago -
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Abortions Have Increased, Even for Women in States With Rigid Bans, Study Says
A new analysis shows how many women in states with bans are seeking procedures or pills from out-of-state providers.Top stories - The New York Times - October 23 -
What Harris and Trump's travel say about state of razor-thin race
Want to know where the 2024 race is being decided? Just look at where the two candidates are spending their time. With just two weeks left until Election Day, Vice President Harris and former ...Politics - The Hill - October 22 -
Turkey carries out strikes in northern Iraq and Syria after ‘terrorist attack’
‘Highly likely’ Kurdish separatist group PKK was behind targeting of state aerospace company, interior minister saysBusiness - Financial Times - October 24 -
Argentines still love the big state despite Milei, says top Peronist
Axel Kicillof says voters prefer ‘a bigger and better state’ despite electing libertarianWorld - Financial Times - October 24 -
CNN polling guru says battleground state sweep ‘more likely than not’
CNN polling guru Harry Enten said he believes a sweep of the main battleground states in the presidential election is “more likely than not,” even as polls show all seven of the big swing states ...Politics - The Hill - October 24
