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People who make under $130,000 were already cutting back. Trump’s trade war will tighten the squeeze.
Middle-income households are feeling financially stressed and negative about their financial outlook, and many are cutting spending for 2025.MarketWatch - 11h -
People have cut back on salty snacks, and PepsiCo misses on revenue again
PepsiCo’s stock falls after revenue misses expectations for a third-straight quarter, amid “subdued” performance trends in North America.MarketWatch - 11h -
Snip, snip: Spending cuts are coming
The federal debt has exploded to $36 trillion and annual deficits now approach $2 trillion fThe Hill - 13h -
Cuts to maths are a national miscalculation
I was lucky to be taught the power of mathematics but threats to the subject now endanger the UK’s AI ambitionsFinancial Times - 21h -
Crucial highway cut off as Australian floods worsen
The floods in northern Queensland have killed one woman and forced thousands more from their homes.BBC News - 1d -
England’s councils expected to cut contributions to staff pensions
Local government scheme is in surplus by £85bn, according to consultant IsioFinancial Times - 1d -
Extra £100m funding announced as police warn of cuts
Yvette Cooper says the cash is for more local officers but some forces say they still face budget shortfalls.BBC News - 4d -
Dems launch group to hit Trump on tax cuts
Organizers say the nonprofit will be backed by an eight-figure funding campaign.Politico - 5d -
Cardiff uni job cuts 'threaten supply of nurses'
Some lecturers at Cardiff University have begun getting letters advising them their post is at risk.BBC News - 6d -
Morrisons warns Budget will mean deeper cuts
Supermarket is latest UK retailer to caution on Labour government’s tax increasesFinancial Times - 6d -
Indigenous people questioned about immigration
The largest indigenous tribe in the U.S., the Navajo Nation, says it's received concerning reports from its own people about immigration enforcement. Crystalyne Curley, speaker of the Navajo Nation ...CBS News - Jan. 28 -
Warren calls on Musk to stick to $2T in DOGE cuts
Sen. Elizabeth Warren (D-Mass.) is urging Elon Musk to stick with his original objective to cut $2 trillion in wasteful government spending. “After promising his Department of Government ...The Hill - Jan. 28 -
CDC staff ordered to cut off communication with WHO
The directive to the CDC to halt communications with the World Health Organization was imposed to comply with President Trump's executive order.CBS News - Jan. 27 -
Power cuts and flood warnings as Storm Herminia hits
About 700 homes are without power and the Met Office is warning of heavy rain across Wales.BBC News - Jan. 27 -
It's time to retire the phrase ‘people of color’
President Donald Trump lied about the Panama Canal, 2020 election, and Nancy Pelosi, but also correctly noted that he scored "dramatic increases in support" from Black, Hispanic and Asian ...The Hill - Jan. 24 -
Trump cuts Fauci's security detail
President Trump on Friday defended the removal of Dr. Anthony Fauci’s security detail, suggesting former government officials should not get indefinite security, even as Fauci and others whose ...The Hill - Jan. 24 -
What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.The New York Times - Jan. 23 -
Elephants are not people, US court rules
Judges ruled a bid to free five elderly African elephants from Cheyenne Mountain Zoo was based on a law that only applied to humans.BBC News - Jan. 22 -
Stripe cuts 300 jobs in product, engineering and operations
Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.CNBC - Jan. 21 -
People are getting Trump and inflation wrong
Sloppy and wishful thinking has taken over the USFinancial Times - Jan. 21 -
Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.The Wall Street Journal - Jan. 17 -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - Jan. 17 -
Rahm misses cut, McIlroy struggles in Dubai
Jon Rahm and Viktor Hovland missed the cut and Rory McIlroy was forced to battle to make the weekend as the headline acts struggled at the Dubai Desert Classic.ESPN - Jan. 17 -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - Jan. 17 -
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - Jan. 16 -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - Jan. 16 -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - Jan. 16 -
Inflation Rose in December, Putting Rate Cuts Into Question
The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.Inc. - Jan. 15 -
Missile Attack Prompts Emergency Power Cuts in Ukraine
President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.The New York Times - Jan. 15 -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - Jan. 15 -
Cutting aeroplane contrails is an easy climate win
Tackling these emissions should be simple, fast and cost-effectiveFinancial Times - Jan. 13 -
U.S. Companies Cut Diversity Efforts as Challenges Mount
At least six major U.S. companies modified their DEI policies last year.Inc. - Jan. 10 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Meta cutting DEI team, programs in broad shift
Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...The Hill - Jan. 10 -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - Jan. 10 -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - Jan. 9 -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - Jan. 8 -
Washington Post cutting 4 percent of workforce
The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...The Hill - Jan. 7 -
The battle for working people
Laura Loomer makes an important point about supporting American workers in the face of global competitionFinancial Times - Jan. 6
