Latest in Spending Spree U.s
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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 - October 31 -
The Budget Hawk Atop a Tech Giant's $64 Billion Spending Spree
Amy Hood is at the center of Microsoft’s bet-the-company dive into AI.Tech - The Wall Street Journal - November 1 -
The Budget Hawk Atop a Tech Giant's $64 Billion Spending Spree
Amy Hood is at the center of Microsoft’s bet-the-company dive into AI.Tech - The Wall Street Journal - November 1 -
U.S. economy grew 2.8% last quarter, powered by consumer spending
Consumer confidence soared in October, signaling that Americans may continue to open their wallets.Top stories - CBS News - October 30 -
If Trump wins, expect a hiring spree of MAGA fanatics
We must choose between the Constitution and a second Trump administration. Republicans have made clear we cannot have both.Politics - The Hill - October 23 -
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 -
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 -
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 -
Man Arrested for Snowflake Hacking Spree Faces US Extradition
Alexander “Connor” Moucka was arrested this week by Canadian authorities for allegedly carrying out a series of hacks that targeted Snowflake’s cloud customers. His next stop may be a US jail.Tech - Wired - 5 days ago -
Man suspected of stabbing spree in Seattle held on $2m bail
Police say 37-year-old stabbed five people on Friday in broad daylight and possibly four others the day before. A 37-year-old man who police say stabbed five people in Seattle in broad daylight on ...World - The Guardian - 3 hours 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 -
Debt rule to change to fund major projects
Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.Top stories - BBC News - October 18 -
Cabinet fightback: the revolt over spending
Plus, the English justice system in crisisWorld - Financial Times - October 18 -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
Companies curb UK advertising spending ahead of the Budget
Marketing budgets fail to grow for the first time in 14 quarters, trade body findsBusiness - Financial Times - October 16 -
Ministers complain to Starmer over spending cuts
Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.Top stories - BBC News - October 17 -
Why Meta and Snap are spending billions on AR glasses
Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.Business - CNBC - October 24 -
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 - 5 days ago -
Where Harris and Trump will spend election night
Vice President Harris will spend election night at Howard University, her alma mater, while former President Trump will spend it at his Mar-a-Lago resort in Palm Beach, FL.Politics - The Hill - 5 days ago -
Elon Musk to watch results with Donald Trump
The tech billionaire has aggressively campaigned for the Republican candidate in swing states across the country.Top stories - BBC News - 4 days ago -
How Harris and Trump are spending election night
Election Day 2024 is finally underway, and Americans are waiting to learn who will be the next occupant of the Oval Office. CBS News' Nancy Cordes and Tony Dokoupil report on how Vice President ...Top stories - CBS News - 4 days ago -
The Crypto Industry’s Spending on the Election Pays Off
The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.Business - The New York Times - 2 days ago -
Defence chief calls for more spending on military
Treasury minister Darren Jones says defence spending should rise to 2.5% of GDP, but avoids saying by when.Top stories - BBC News - 8 hours ago