Latest in Plan Cut
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Starbucks’s turnaround plan under new CEO now likely includes job cuts
Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.MarketWatch - 2h -
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 - 3h -
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - 4h -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - 6h -
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 - 12h -
Ramaswamy plans run for Ohio governor
Vivek Ramaswamy, the co-chair of President-elect Trump's new "Department of Government Efficiency" (DOGE), plans to run for governor of Ohio, two sources confirmed to The Hill on Friday. The Ohio ...The Hill - 7h -
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 - 7h -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - 1d -
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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 - 1d -
Everton’s plan to cut short Armando Broja loan hits hitch with Chelsea
Chelsea ask for total loan cost to be paid before return Striker is injured and set to miss most of rest of season Everton’s attempt to cut short Armando Broja’s loan has hit complications with ...The Guardian - 1d -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 1d -
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 - 1d -
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. - 2d -
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 - 2d -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 2d -
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.CBS News - 2d -
How do UK regulators plan to cut back rules and boost growth?
Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economyFinancial Times - 2d -
Putin’s Plan for Peace Is No Peace at All
Now is the time for the United States to build on its historic success supporting Ukraine, not squander it.The New York Times - 3d -
Cutting aeroplane contrails is an easy climate win
Tackling these emissions should be simple, fast and cost-effectiveFinancial Times - 4d -
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 -
Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup
Tilray Brands’ stock fell Friday after the beer and cannabis company said it expects a $20 million impact on its full-year revenue as it embarks on a cost-cutting plan that will reduce the number ...MarketWatch - 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 -
49ers plan to release Hargrave but not Deebo
The 49ers said Wednesday they plan to release defensive tackle Javon Hargrave with a post-June 1 designation, but that wide receiver Deebo Samuel Sr. is not going anywhere.ESPN - Jan. 9 -
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 -
Under Shadow of Planned Tariffs, Auto Suppliers Rethink Production Plans
From the sidelines of CES 2025, global car parts suppliers ponder the consequences of Trump’s threatened import duties.Inc. - Jan. 9 -
The hole in Keir Starmer’s plan for the NHS
Also in this newsletter: demand for special educational needs provision doublesFinancial Times - Jan. 9 -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - 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 -
Cash incentives for GPs under Labour’s radical plan to cut NHS waiting lists
Doctors will be given £20 each time they consult with a specialist to see if there is an alternative to hospital visits. GPs will be offered financial incentives to discuss with specialists whether ...The Guardian - Jan. 5 -
ATF head warns that the Trump administration's funding cut plans could risk lives
Steve Dettelbach, the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, warned that President-elect Donald Trump's plans to reduce funding for the agency could risk lives. Scott ...CBS News - Jan. 4 -
A(nother) Government Plan for Social Care
Health and Social Care Secretary promises to "grasp the nettle on social care reform”BBC News - Jan. 3 -
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Slovakia threatens to cut benefit for Ukrainians
A dispute between Slovakia and Ukraine over Russian natural gas transit has been escalating.BBC News - Jan. 2 -
Lions cut Jamal Adams from practice squad
The Lions are in desperate need of warm bodies on defense right now, but veteran safety Jamal Adams couldn't stick in Detroit.Yahoo Sports - Jan. 1 -
Trump Says He Plans to Attend Carter’s Funeral
In wide-ranging remarks at a New Year’s Eve party at Mar-a-Lago, the president-elect also predicted that Mike Johnson would secure enough votes to be re-elected as House speaker.The New York Times - Jan. 1
