Latest in Spending Shatters
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Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - 9 hours ago -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - Yesterday -
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.Business - CNBC - Yesterday -
Uber shares slide on slowing bookings growth
Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimatesBusiness - Financial Times - 10 hours ago -
Holiday spending tips to avoid impulse buys and stay on budget
A recent study reveals Gen Z and Millennials are most likely to make impulse buys during the holidays than Gen X and Baby Boomers. Jill Schlesinger joins "CBS Mornings Plus" with tips to make ...Top stories - CBS News - 12 hours ago -
Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending
The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.Business - The Wall Street Journal - 3 hours ago -
AI demand drives growth and higher spending at Amazon’s cloud business
Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarterBusiness - Financial Times - 5 hours ago -
Liam Payne Was 'Having a Lovely Day' and Spending 'Quality Time' with Girlfriend Kate Cassidy in Final Social Media Posts
PEOPLE can confirm that the former One Direction singer died after falling from a balcony at the CasaSur Palermo Hotel in Buenos Aires, Argentina, on Wednesday, Oct. 16.Sports - Yahoo Sports - October 16 -
2 in 5 U.S. credit card holders have topped out their spending limit
Lower-income earners and older people are more likely to say they've maxed out a card since the Fed starting hiking interest rates.Top stories - CBS News - October 17 -
GOP senator: House GOP whip 'surrendering' before year-end spending battle
Sen. Mike Lee (R-Utah), chair of the conservative Senate Steering Committee, says House Republican Whip Tom Emmer (Minn.) is already “surrendering” in the fight over an omnibus spending package ...Politics - The Hill - October 17 -
Dan Loeb’s Third Point says a Trump win would boost markets, drive up infrastructure spending
Third Point said it believes the Republicans will take control of both the White House and the Senate, leading to deregulation, an increase in U.S. manufacturing, and higher infrastructure spendingBusiness - MarketWatch - October 18 -
Paul Whelan says he has a form of PTSD after spending years behind bars in Russia
Paul Whelan, in his first sit-down interview since being freed in a historic prisoner swap with Russia, tells "Face the Nation" moderator Margaret Brennan that spending nearly six years being ...Top stories - CBS News - October 18 -
Teen kayaker rescued after spending 12 hours treading water off Hawaii
A 17-year-old kayaker spent nearly 12 hours treading water and clinging to his kayak Wednesday after becoming separated from his high school paddling group, the U.S.Top stories - NBC News - October 18 -
Teen kayaker rescued after spending 12 hours lost at sea off Hawaii's coast
A 17-year-old kayaker spent about 12 hours clinging to his kayak after becoming separated from his high school group, according to the U.S. Coast Guard. Coast Guard video shows the moment he was ...Top stories - NBC News - October 19 -
King Charles makes relaxed start to Australian tour but spends less than 10 minutes at lunch in his honour
After a day of rest, monarch appears at Sydney lunch in his honour and gives hosts an hourglass while joking about swift passage of time. Australia royal visit live updates: Lidia Thorpe removed ...World - The Guardian - October 20 -
Worries about deficit spending after election bog down U.S. government debt
With about two weeks left before the Nov. 5 election, Treasury yields extending their climb from September’s lows on Monday — spurred in part by growing concern about the path of the U.S. deficit ...Business - MarketWatch - October 21 -
Trump and allies are pouring millions into anti-trans election ads as election nears
Former President Donald Trump and his Republican allies are aggressively pushing anti-trans messaging in the final stretch of the 2024 election.Top stories - ABC News - October 22 -
CEO of Europe defense company says region faces ‘wake-up call’ to boost spending
Countries have to start building capabilities and replenish stockpiles, said CEO of Swedish defense contractor Saab.Business - MarketWatch - October 22 -
Paul Tudor Jones says market reckoning on spending is coming after election: 'We are going to be broke'
Hedge fund manager Paul Tudor Jones told CNBC that government spending could cause a major sell-off in the bond market.Business - CNBC - October 22