Latest in Spending Cuts Savings
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Wayfair customers are more price conscious, have cut spending as election nears
Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.Business - MarketWatch - November 1 -
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Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - November 3 -
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Will Elon Musk be able to cut $2 trillion from US government spending?
The Tesla CEO claimed he could slash US spending by eradicating “waste”.Top stories - BBC News - November 13 -
Ford to Cut 4,000 Jobs in Europe in Cost-Saving Drive
Ford became the latest carmaker to seek deep cost savings as it grapples with timid demand for electric vehicles and rising competition.Business - The Wall Street Journal - 6 days ago -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post
In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...Top stories - NBC News - October 30 -
Possible Trump Treasury secretary says he'd work with Musk to cut federal spending
Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...Politics - The Hill - October 30 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
The 80% rule doesn’t cut it anymore: You may end up spending a lot more in retirement than you expect
Between the “go-go” years and healthcare costs, your expenses may stay the same — or even rise.Business - MarketWatch - November 11 -
Here's where Elon Musk says his DOGE will aim to cut federal spending
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.Top stories - CBS News - 5 days ago -
Khanna: Musk may get 'frustrated fairly quickly' with process to cut government jobs, spending
California Rep. Ro Khanna (D) said Elon Musk may get “frustrated” while working through the ranks to cut unnecessary government spending. “I think Elon may get frustrated fairly quickly,” Khanna ...Politics - The Hill - 5 days ago -
Musk’s ‘DOGE’ commission wants to cut trillions in government spending. Social Security and Medicare make prime targets.
Voters said they’ve had enough hardship. But Elon Musk says more is needed.Business - MarketWatch - 3 days ago -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Saving Endangered Animals Will Help Save Us, Too
We have hardly begun to understand how inextricably our own health and safety are intertwined with those of our wild neighbors.Top stories - The New York Times - November 18 -
Is the UK spending enough on defence?
And what Trump 2.0 could mean for Ukraine.Top stories - BBC News - November 10 -
Can Axions Save the Universe?
The hunt for dark matter is shifting from particles to waves named after a laundry detergent.World - The New York Times - November 1 -
When Is Daylight Saving Time?
The twice-yearly ritual has roots in cost-cutting strategies of the late 19th century. A recent effort to end it has stalled in Congress.Top stories - The New York Times - October 29 -
Kennedy Could Save Gaetz
Trump doesn’t really care about Kennedy’s issues, but would like to look as if he does.Top stories - The New York Times - November 14 -
Spend $1,800 On Jewelry, Get A PS5
The holiday season is coming up, and if you're looking to spend a lot of money on jewelry, you could get a PlayStation 5 for "free." Premium jewelry brand Helzberg has announced a new and ...Tech - GameSpot - November 12 -
Will DOGE put spending on the chopping block?
President-elect Donald J. Trump has tapped Elon Musk and Vivek Ramaswamy to head up a non-governmental Department of Government Efficiency to recommend what government programs should be cut, with ...Politics - The Hill - 5 days ago -
Vaccines have saved generations from diseases. It's our turn to save them.
It’s time to communicate real information, not disinformation, about vaccines to ensure access and availability remain for all.Politics - The Hill - 4 days ago -
Cruising the Mediterranean (and Saving Money) in Winter
Overtourism and summer heat have increased the allure of off-season travel in Europe, and the cruise industry is taking note with more winter itineraries. Added bonus: cheaper fares.Business - The New York Times - November 12 -
How to save a bundle on children’s clothes
From swap meets to looking after clothes correctly, you can save cash while making your children’s wardrobes more sustainable. Charity shops can be a goldmine for bargains – use the Charity Retail ...World - The Guardian - November 13 -
How to put Europe’s savings to work
The EU must redeploy capital it squirrels away abroadWorld - Financial Times - 5 days ago -
Walmart cuts DEI
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Walmart rolls back DEI policies under pressure Walmart will roll back diversity, ...Politics - The Hill - 14 hours ago -
Harris to spend election night at Howard University
Vice President Harris will spend election night at Howard University, her alma mater in Washington, D.C., a source familiar told The Hill. Harris primary home is in California, but she has chosen ...Politics - The Hill - October 30 -
Chris Mason: A change-making Budget and a moment of jeopardy
The government's fate will depend on whether it can make things better, says political editor Chris Mason.Top stories - BBC News - October 31 -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - October 30 -
The NHS and education are big winners in Reeves’ spending plan
But some Whitehall departments including the Home Office face real terms cuts to their budgetsWorld - Financial Times - October 30 -
The Papers on the Budget: 'Spending power' and 'nightmare on Downing Street'
Reactions to the Budget, which saw large rises in both tax and public spending, lead the papers.Top stories - BBC News - October 31 -
Workers warned Budget tax rises will hit their wages
Economists say tax rises in the Budget will mean employers have less to give as pay rises.Top stories - BBC News - October 31 -
Meta and Microsoft Won’t Stop Spending on AI
Both tech giants reported strong third quarters but their stocks fell anyway.Business - Inc. - October 31 -
Abortion-rights groups outspend opponents by more than 6 to 1 in ballot measure campaigns
The groups promoting abortion-rights amendments on the ballots in nine states have outraised their opponents by more than 6 to 1 and are spending far more on adsHealth - ABC News - October 31 -
U.K. Budget Makes a Big Bet on Spending for Growth
The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.Business - The New York Times - October 31 -
Rachel Reeves loosens UK welfare spending target
Ceiling rises 20% over 5-year period to £200bn to avoid ‘having to take short-term decisions’World - Financial Times - November 2 -
How Harris and Trump are spending eve of Election Day
Vice President Kamala Harris and former President Donald Trump are spending the last hours of the 2024 presidential race making their final pitches at rallies in several battleground states. CBS ...Top stories - CBS News - November 4