Latest in Macy's Seeking Spending
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Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
The department store operator slightly raised its full-year forecast, while still projecting a sales decline.CNBC - 6h -
Macy’s Earnings Report Details Multimillion-Dollar Accounting Error
Analysts see much bigger challenges for the retailer than lax accounting.The New York Times - 10h -
Business leaders warn Reeves about the impact of her Budget tax rises
Banking, energy and transport executives voice concerns in meeting with UK chancellorFinancial Times - 12h -
Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal
The retailer found that a single employee’s mistake and coverup created millions of dollars in false bookkeeping entries.The Wall Street Journal - 12h -
Macy's confirms rogue employee hid $151 million in expenses over three years
A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's said Wednesday.NBC News - 13h -
US inflation rose to 2.7% in November
Figure matches Wall Street’s forecasts and clears way for Federal Reserve rate cut next weekFinancial Times - 10h -
Here’s what one employee hiding money is doing to Macy’s stock and profit view
Macy’s cut its full-year earnings outlook, after making adjustments to reflect the impact of misstated delivery expenses.MarketWatch - 14h -
Bank shares jump after UK court agrees to hear car loans appeal
Supreme Court grants lenders permission to challenge earlier rulingFinancial Times - 15h -
Winners and losers of Labour spending review
Funding tug of war looms between Treasury and Downing Street as party’s political machinery tightensFinancial Times - 18h -
Government department spends £1,200 on two folders
It comes as Chancellor Rachel Reeves asks departments to highlight savings they can make in the next few years.BBC News - 1d -
Reeves vows to cut 'waste' in spending review
The chancellor says "efficiency savings" will ensure enough funding for key public services.BBC News - 1d -
Romero criticises Spurs board for lack of spending
Tottenham defender Cristian Romero criticises the club's board for a lack of investment following Sunday's disappointing 4-3 defeat home by Chelsea.BBC News - 1d -
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Another activist takes aim at Macy's, seeking spending cuts and real estate restructuring
Macy's faces its fourth activist push in the last decade as it tries to turn around struggling stores.CNBC - 1d -
US healthcare deal advisers seek lighter supervision
Experts expect Trump regulators to be less hawkish on challenging proposed acquisitions in the sectorFinancial Times - 1d -
Syrian rebels seek to consolidate control
HTS issues amnesty for conscripted military but Israel grabs territory on borderFinancial Times - 2d -
Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.Inc. - 2d -
Macy’s shareholders clamor for retailer to squeeze value from its real estate, among other changes
Two investors launched a campaign Monday seeking changes at Macy’s that would boost profitability and returns.MarketWatch - 2d -
Spending on TikTok Shop Rises as App Faces Ban
TikTok Shop sales had reached $100 million on Black Friday.Inc. - 3d -
Will Trump seek detente with Venezuela in return for border security?
The Trump administration is considering a double-sided détente with Venezuela to increase energy imports and stem migratory flows to the Southern border, with the oil industry and financiers ...The Hill - 5d -
Starmer to launch major government spending review
Ministers told to make their case for money from tight public fundsFinancial Times - 5d -
Ocasio-Cortez seeks to lead Democrats on Oversight panel
Rep. Alexandria Ocasio-Cortez (D-N.Y.) on Friday formally launched a bid to lead Democrats on the Oversight and Accountability Committee in the next Congress — a powerful seat that will play a ...The Hill - 5d -
It’s Not Too Late to Rein In Holiday Spending
Research suggests that you’ll spend less than you otherwise would by setting a strict budget — even if you go over the budget.The New York Times - 5d -
Musk and Ramaswamy pitch spending advisory board to lawmakers on Capitol Hill
NBC News Capitol Hill Correspondent Ryan Nobles, Senior Capitol Hill Correspondent Garrett Haake and CNBC Senior Washington Correspondent Eamon Javers join Meet the Press NOW to report on Elon Musk ...NBC News - 6d -
Source: Storm's Loyd seeks trade after complaint
All-Star guard Jewell Loyd has requested a trade from the Storm, a source confirmed to ESPN, following the conclusion of an external investigation into allegations of harassment and bullying by the ...ESPN - 6d -
Black Friday showed consumers are still eager to spend — at the right price
Retailers again saw sales hit new heights from Thanksgiving to Cyber Monday, even as shoppers remain cautious about where and when to spend this holiday season.NBC News - 6d -
E.P.A. Again Seeks Limits on a Harmful Pesticide
After a court overturned a ban, the agency has proposed restricting chlorpyrifos to 11 food crops, illustrating the limits of federal regulation.The New York Times - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
A sweet Black Friday deal for retailers this year: ‘People keep spending money’
Despite a consensus that many Americans voted last month based on concerns about financial well-being and cost-of-living pressures, the recent kickoff to the holiday-shopping season is ...MarketWatch - Dec. 4 -
Connolly seeks top spot on Oversight Committee
Rep. Gerry Connolly (D-Va.) launched a bid Tuesday to become the top Democrat on the powerful House Oversight and Accountability Committee in the next Congress, a high-profile seat that will be on ...The Hill - Dec. 3 -
Gamers May Spend More Time Watching Games Than Playing Them
Over the last decade, streamers have taken on greater prominence in the gaming landscape and some have even attracted significant fan followings. Now, a new report suggests that players are ...GameSpot - Dec. 3 -
Most employees on lookout for or seeking new position: Survey
Most employees are on the lookout for or actively seeking a new position as an increasing number of workers feel detached from their jobs, according to a new survey. The Gallup poll, released ...The Hill - Dec. 3 -
FIA seeks rule changes after president allegations
The FIA wants to limit the ways its leadership can be held to account for bad governance after allegations were made against its president.BBC News - Dec. 3 -
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Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2
