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Reeves Budget Plan to Spend Billions More Wont Stop Tax Rises

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  • Returns are an $890 billion problem for retailers

    Returns are an $890 billion problem for retailers

    Holiday shopping is expected to reach record levels this year.
    NBC News - Dec. 8

  • Reeves hobnobs in Brussels and bitcoin fans head to Abu Dhabi

    Plus, inflation updates from the US and Germany while the ECB is expected to lower borrowing costs by a quarter-point
    Financial Times - Dec. 8

  • Trump's tariffs: A tax on American consumers

    President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. ...
    CBS News - Dec. 8
  • In Just 22 Years, Peter Thiel Turned $2,000 Into $5 Billion, Tax-Free. Here’s How

    In Just 22 Years, Peter Thiel Turned $2,000 Into $5 Billion, Tax-Free. Here’s How

    Granted, Thiel’s Roth IRA return is astronomical, but the approach he used can be broadly applied.
    Inc. - Dec. 8

  • Retail returns: An $890 billion problem

    As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.
    CNBC - Dec. 7
  • SNP rediscovers its political confidence with wily Budget

    SNP rediscovers its political confidence with wily Budget

    The Scottish government's moves on the two-child benefit cap and winter fuel payments leave Labour facing a dilemma.
    BBC News - Dec. 7

  • Rachel Reeves to pledge ‘ambitious’ economic partnership with EU

    UK chancellor will promise to fully honour post-Brexit deals in meeting with bloc’s finance ministers
    Financial Times - Dec. 7

  • Number of 401(k) plan and IRA millionaires hits record, with more millennials joining the ranks

    Retirement 401(k) plan account balances increased for the fourth straight quarter to reach the highest average on record, according to Fidelity.
    CNBC - Dec. 6

  • 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 - Dec. 6
  • No plan for more tax rises but we can't rule it out - Starmer

    No plan for more tax rises but we can't rule it out - Starmer

    The PM says voters can judge him at the next general election on whether their living standards have improved.
    BBC News - Dec. 6
  • Want More People to Reply to Your Texts? Stanford Research Says Stop Making This Common Texting Mistake

    Want More People to Reply to Your Texts? Stanford Research Says Stop Making This Common Texting Mistake

    Do you pepper your messages with abbreviations like ‘imo’ and ‘ttyl’? If so, new research warns you’re making a big texting mistake.
    Inc. - Dec. 6
  • Labour MP's family transferred farm before Budget

    Labour MP's family transferred farm before Budget

    Questions are being raised about whether Henry Tufnell knew about farming inheritance tax changes.
    BBC News - Dec. 5
  • Ending Trump’s 2017 Tax Cuts Won’t Effect GDP, Budget Office Finds

    Ending Trump’s 2017 Tax Cuts Won’t Effect GDP, Budget Office Finds

    Key provisions of the returning president’s 2017 Tax Cuts and Jobs Act will expire next year if Republicans don’t renew them.
    Inc. - Dec. 5
  • He Sold His Startup to Walmart for $3.3 Billion. Here’s His 3-Part Plan for Founder Success

    He Sold His Startup to Walmart for $3.3 Billion. Here’s His 3-Part Plan for Founder Success

    Serial entrepreneur Marc Lore shares his take on the critical factors for startup growth.
    Inc. - Dec. 5
  • Death and Taxes

    Death and Taxes

    We explain why the estate tax isn’t working.
    The New York Times - Dec. 5
  • Congress's budget gimmicks: A history of failure

    Congress's budget gimmicks: A history of failure

    Congress has a long history of using gimmicks to reduce government spending and balance the budget, but these efforts have not been successful, as evidenced by the current budget situation.
    The Hill - Dec. 5
  • How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes

    How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes

    The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
    The New York Times - Dec. 5

  • On Trump tax cuts, energy and immigration plans, clash emerges between House, Senate GOP leaders

    Jason Smith, Chair of House Ways and Means, tells CNBC that his voting majority will be extremely slim for passing President-elect Trump's tax cut promises.
    CNBC - Dec. 5

  • Ireland urged to set aside more of its corporate tax windfall

    Country’s independent fiscal watchdog calls for Norwegian-style approach to saving surplus cash
    Financial Times - Dec. 5

  • More employers add 401(k) plan match for workers paying student loans

    The share of businesses choosing to offer a 401(k) plan match based on student loan payments is slowly increasing due to a law known as Secure 2.0.
    CNBC - Dec. 4
  • Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds

    Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds

    A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
    The New York Times - Dec. 4
  • Five things we learned from the Scottish Budget

    Five things we learned from the Scottish Budget

    Scrapping the two-child cap and changes to tax thresholds are among plans for the next financial year.
    BBC News - Dec. 4
  • EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers

    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

  • GM expects more than $5 billion impact from China restructuring, including plant closures

    General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.
    CNBC - Dec. 4
  • Interest rates forecast to be higher for longer due to Budget

    Interest rates forecast to be higher for longer due to Budget

    Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.
    BBC News - Dec. 4
  • GM expects more than $5 billion impact from China restructuring

    GM expects more than $5 billion impact from China restructuring

    General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.
    NBC News - Dec. 4
  • Rail fares to rise despite renationalisation plans

    Rail fares to rise despite renationalisation plans

    Three rail operators will be renationalised next year but fares are due to go up as outlined in the Budget.
    BBC News - Dec. 4
  • GOP’s ambitious budget plan faces internal divisions

    GOP’s ambitious budget plan faces internal divisions

    Republican senators warn incoming Senate Majority Leader John Thune’s (R-S.D.) ambitious proposal to tackle President-elect Trump’s agenda faces an array of disagreements within their party over ...
    The Hill - Dec. 4

  • Contentious budget plans are wreaking political havoc across Europe

    Post-pandemic fiscal rules are putting pressure on even the most hawkish EU members in the euro zone.
    CNBC - Dec. 4
  • Scottish Budget presents huge challenges for SNP

    Scottish Budget presents huge challenges for SNP

    Finance Secretary Shona Robison is preparing to set out her spending plans for next year.
    BBC News - Dec. 4
  • Thune lays out plan for separate border and tax reconciliation bills

    Thune lays out plan for separate border and tax reconciliation bills

    Incoming Senate Majority Leader John Thune (R-S.D.) laid out an ambitious plan at the Senate Republican retreat Tuesday for Congress to move first next year on a budget reconciliation package that ...
    The Hill - Dec. 3
  • Gamers May Spend More Time Watching Games Than Playing Them

    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
  • Fantasy Football Week 14 Waiver Wire: Isaac Guerendo is the league winner worth spending remaining budget on

    Fantasy Football Week 14 Waiver Wire: Isaac Guerendo is the league winner worth spending remaining budget on

    Here's who you should be targeting heading into Week 14
    CBS Sports - Dec. 3

  • AT&T plans to plow $20 billion into buybacks in signal of business turnaround

    AT&T’s stock is rising as the company will bring back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.
    MarketWatch - Dec. 3

  • Job openings rise and more workers quit in sign of improving U.S. labor market

    U.S. job openings rose slightly in October and the number of workers quitting one job for another rose to the highest level in five months, suggesting the labor market has improved after a soft ...
    MarketWatch - Dec. 3

  • ServiceTitan’s planned IPO could come with a more than $5 billion valuation

    The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.
    MarketWatch - Dec. 3

  • Trump’s tax plans: Housing credits ‘in play,’ and there’s buzz over a short extension for expiring cuts

    One veteran analyst is predicting that housing tax credits will get included in the GOP’s big tax package next year. Separately, some GOP lawmakers reportedly have talked about using the package to ...
    MarketWatch - Dec. 3
  • MLB rumors: Mets eye more pitching help, ex-Yankees reliever draws looks as starter, Astros plot backup plan

    MLB rumors: Mets eye more pitching help, ex-Yankees reliever draws looks as starter, Astros plot backup plan

    Here are your hot stove rumors for Monday, Dec. 2
    CBS Sports - Dec. 3

  • 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
  • Saudi Arabia makes more than 900 sponsor deals in 2034 World Cup plan

    Saudi Arabia makes more than 900 sponsor deals in 2034 World Cup plan

    Kingdom set to be awarded tournament in December Agreements also made with many football federations Saudi Arabia has struck more than 900 sponsorship deals across the sporting landscape and ...
    The Guardian - Dec. 2
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