Latest in Spend Season Inflation
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Only 16% of holiday shoppers plan to spend more this season because of inflation, CNBC survey shows
Participants in the CNBC All-America Economic Survey say that prices for holiday gifts are higher this year than last. That may be affecting spending patterns.CNBC - 7h -
Here’s the inflation breakdown for November 2024 — in one chart
Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the consumer price index.CNBC - 1d -
Consumers feeling inflation pinch this holiday shopping season
The Labor Department reported Wednesday that consumer prices rose 2.7% year-over-year in November. The news comes as consumers do their holiday shopping and the Federal Reserve weighs its final ...CBS News - 6h -
Nato’s European members discuss 3% target for defence spending
Increased military expenditure could be agreed at next year’s summit, intensifying pressure on national budgetsFinancial Times - 14h -
Concerning new data on U.S. inflation
New inflation data shows concerning consumer trends and sticky high prices for food and shelter. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 23h -
Inflation Ticks Up, but Details Are Encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.The New York Times - 1d -
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 - 1d -
Dave & Buster’s struggles to capture spending, and CEO exit is a bombshell
Truist downgraded the stock to hold from buy, saying the CEO move muddles the company’s turnaround story.MarketWatch - 1d -
Annual inflation rate accelerates to 2.7% in November, as expected
The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.CNBC - 1d -
Winners and losers of Labour spending review
Funding tug of war looms between Treasury and Downing Street as party’s political machinery tightensFinancial Times - 1d -
Pay UK bosses like football stars, says Lord Spencer
Founder of ICAP claims boosting chief executives’ salaries would help London’s competitivenessFinancial Times - 1d -
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 - 2d -
Reeves vows to cut 'waste' in spending review
The chancellor says "efficiency savings" will ensure enough funding for key public services.BBC News - 2d -
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 - 2d -
Review of £1.2tn in UK public spending will ‘be tight’, minister warns
Treasury chief secretary Darren Jones launches line-by-line assessment to find 5% savingsFinancial Times - 2d -
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BIS warns politicians to rein in spending or risk market turbulence
Chief economist Claudio Borio says governments will be ‘too late’ if they wait for investors to panicFinancial Times - 2d -
Johnson needs Dems to pass a stopgap spending bill. Here's what they want.
Given his thin margins in the House and conservatives who tend to always oppose short-term funding fixes, he will almost certainly need to get House Democrats on board.Politico - 2d -
Ro Khanna supports cutting defense spending in Trump's DOGE
Rep. Ro Khanna (D-Calif.) said that there could be “huge bipartisan cooperation” for President-elect Trump’s Department of Government Efficiency (DOGE) committee in the new year — at least when it ...The Hill - 3d -
Dodgers make no apologies for record spending, unprecedented deferred deals
L.A. owes more than $1 billion in deferred money to a star-studded roster. Here's how the Dodgers are doing it.ESPN - 3d -
Spending on TikTok Shop Rises as App Faces Ban
TikTok Shop sales had reached $100 million on Black Friday.Inc. - 3d -
Trump says ‘we're not touching’ Social Security in proposed cuts to government spending
During an exclusive interview with Meet the Press, President-elect Donald Trump says he’ll make the federal government “more efficient,” but he does not plan to touch federal entitlements like ...NBC News - 4d -
Elon Musk spends $277 million to back Trump and Republican candidates
Elon Musk was the largest donor in the 2024 election cycle, spending at least $277 million to back President-elect Donald Trump and other Republican candidates.CBS News - 5d -
Starmer to launch major government spending review
Ministers told to make their case for money from tight public fundsFinancial Times - 6d -
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 - 6d -
Blackburn unveils 'DOGE Acts' to cut spending, freeze federal hiring and salaries
Sen. Marsha Blackburn (R-Tenn.) has unveiled her “DOGE Acts” to cut spending and freeze federal hiring, as well as salaries. “Senator Blackburn is planning to introduce a package of bills – known ...The Hill - 6d -
Vivek Ramaswamy and Elon Musk meet with Republicans to talk DOGE spending cuts
Elon Musk and Vivek Ramaswamy began swapping ideas in person with congressional Republicans about ways they could slash federal spending and regulations.NBC News - 6d -
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 -
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 - Dec. 5 -
Chipotle says it's raising prices 2% in response to inflation
Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact of ongoing price increases in the economy on its finances.NBC News - 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 -
The positive flipside of rampant inflation
The biggest debt reduction scheme in history?Financial Times - 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 -
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 -
Biden’s Christmas present for Trump: Sticky inflation
President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.The Hill - 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
