Latest in Higher Spending
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Steve Bannon says spending four months in prison 'empowered' him
Steve Bannon, the right-wing podcast host and former Donald Trump campaign official, held a press conference following his release from prison. Bannon claimed he had been "a political prisoner" ...Politics - NBC News - 2 days ago -
EU should spend 20% of budget on security and climate disasters, report says
Finland’s former president reports on cost of Europe’s preparedness for multiple crisesBusiness - Financial Times - Yesterday -
U.S. economy grew 2.8% last quarter, powered by consumer spending
Consumer confidence soared in October, signaling that Americans may continue to open their wallets.Top stories - CBS News - Yesterday -
Expert on how much is too much in presidential campaign spending
Vice President Harris leads in fundraising, topping a billion dollars, while many Americans support limits on campaign spending. Daniel Weiner, director of elections and government at the Brennan ...Top stories - CBS News - Yesterday -
Crypto’s ‘Death Star’ election spending has wowed D.C. Will profits follow?
Digital asset companies are the biggest corporate donors in 2024Business - MarketWatch - Yesterday -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetBusiness - Financial Times - Yesterday -
US GDP rose at a 2.8% rate in third quarter on strong consumer spending
Final reading before presidential election was shy of expectations, but shows biggest economy is in robust healthBusiness - Financial Times - Yesterday -
Rachel Reeves goes back to the future with a tax and spend budget
Chancellor heeds calls long made on the left for spending to match other European countries with rise of £70bn a year. Autumn budget live – latest updates Budget 2024: key points at a ...World - The Guardian - Yesterday -
United Airlines raises spending requirements to earn frequent flyer status
United Airlines customers will have to spend and fly more to earn elite benefits next year.Business - CNBC - Yesterday -
Treasury failed to disclose ‘material’ spending pressures under Hunt, says OBR
Watchdog says it cannot tell how big ‘black hole’ inherited by Rachel Reeves would have been with full transparencyWorld - Financial Times - Yesterday -
United Airlines raises spending requirements to earn frequent flyer status
United Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to increase profits and give an exclusive feel to the increasingly crowded ...Top stories - NBC News - Yesterday -
Meta sees AI spending accelerating as earnings top forecasts
Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technologyBusiness - Financial Times - 16 hours ago -
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - 15 hours ago -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - Yesterday -
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.Business - CNBC - Yesterday -
Uber shares slide on slowing bookings growth
Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimatesBusiness - Financial Times - 16 hours ago -
Holiday spending tips to avoid impulse buys and stay on budget
A recent study reveals Gen Z and Millennials are most likely to make impulse buys during the holidays than Gen X and Baby Boomers. Jill Schlesinger joins "CBS Mornings Plus" with tips to make ...Top stories - CBS News - 18 hours ago -
Struggle for Senate control goes down to the wire as spending shatters records
Billions of dollars in ads are raining down on voters across the Rust Belt, Rocky Mountains and American southwest as the two major political parties struggle for control of the U.S. SenateTop stories - ABC News - 17 hours ago -
Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending
The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.Business - The Wall Street Journal - 9 hours ago -
Economists expect higher inflation, deficits, interest rates under Trump than Harris: Poll
Economists expect higher inflation, national deficits and interest rates under former President Trump’s proposed agenda than under policies proposed by Vice President Harris, a new survey by The ...Politics - The Hill - October 14 -
Here’s when consumers might finally stop wincing at higher prices, according to Fed’s Daly
The Fed has recently focused more on stability in the job market. But inflation still weighs heavily on the minds of consumers, the San Francisco Fed President says.Business - MarketWatch - October 16