China Announces More Support for Economy But Holds Back on Major Spending Package
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House passes government spending package after Trump, Musk fueled chaos
Politico - 1d -
Starbucks union announces strike to last through Christmas Eve in 3 major cities
Love Starbucks holiday drinks?NBC News - 1d -
Democrat accuses Musk of tanking spending bill over China restrictions
The top Democrat on the House Appropriations Committee accused Elon Musk of tanking a bipartisan spending bill because it included a provision that could limit his businesses' ability to operate in ...The Hill - 1d -
Foreign brands are back in China. They’re confronting a cooled economy and dug-in domestic competition.
Experts told MarketWatch the key to connecting with Chinese customers is being willing to depart from home-market strategies and embracing local tastes.MarketWatch - 1d -
Consumer spending — the main engine of the economy — is humming during holiday season
Consumer spending rose fast enough in November to suggest a pretty good start to the holiday shopping season, but not enough to signal an acceleration in already fast U.S. economic growth.MarketWatch - 1d -
Starbucks workers union announces pre-Christmas strike in 3 major cities
The workers union representing Starbucks baristas across the country announced members in Los Angeles, Chicago and Seattle will go on strike beginning Friday.ABC News - 2d -
Dozens of House Republicans Defy Trump’s Orders to Support Spending Bill
Thirty-eight Republican lawmakers resisted the president-elect’s command to support a spending and debt deal, showing that at least some of his followers are willing to buck his leadership in the ...The New York Times - 2d -
Spending Deal Debacle Threatens Mike Johnson’s Hold on House Speaker Job
A Republican backlash to the speaker’s plan to temporarily fund the government has sparked new talk of ousting him, and highlighted the challenges he will face if he manages to keep his job.The New York Times - 2d -
House conservatives revolt over GOP-backed spending bill
House Speaker Mike Johnson is facing a revolt from fellow Republicans over a last-minute measure to keep the government funded and avoid a shutdown.CBS News - 3d -
RFK Jr., Gabbard back on Capitol Hill for confirmation support
Robert F. Kennedy Jr. and Tulsi Gabbard are back on Capitol Hill to lobby for support in their confirmation process to fill top posts in President-elect Donald Trump's second term. CBS News' ...CBS News - 3d -
China's CATL is planning a major expansion of battery swapping for electric vehicles
The world’s largest maker of batteries for electric vehicles says it will get into battery swapping in China in a big way starting next yearABC News - 3d -
China's food delivery platforms enforce breaks for riders clocking more gig economy hours
Yahoo News - 3d -
China is creating fake stories to undermine congressional support for Taiwan, FBI warns
The FBI has warned lawmakers in classified briefings that the Chinese Communist Party is crafting fake stories to portray them in a negative light because of their support for Taiwan.NBC News - 4d -
Majority of Americans are ready to support Trump and large parts of his agenda, says CNBC survey
CNBC All-America Economic Survey also finds the public flashing yellow and red warning lights on parts of the Trump agenda.CNBC - 5d -
Weak China retail sales add to pressure on Beijing to lift economy
Consumption rises less than forecast in November, highlighting why leadership made it the top economic concernFinancial Times - 5d -
Trump Backs a Longshoremen’s Union That Supported Him
President-elect Donald J. Trump is supporting the International Longshoremen’s Association, which could strike soon if it doesn’t reach a deal on automation with employers.The New York Times - Dec. 14 -
The London problem is holding young Brits back
Americans and Europeans have a choice of places to prosperFinancial Times - Dec. 14 -
China signals it's prepared to double down on support for the economy as Trump tariffs loom
Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policyABC News - Dec. 13 -
WarnerBros. Discovery announces major corporate restructure
Media conglomerate WarnerBros. Discovery (WBD) announced a major restructuring of its business on Thursday, splitting its linear and streaming arms into two separate companies as it eyes potential ...The Hill - Dec. 12 -
China Moves to Trump-Proof Its Economy
Leaders promised more government support for China’s struggling economy next year as they brace for another big showdown over trade.The Wall Street Journal - Dec. 12 -
China Pledges More Stimulus to Shore Up Flagging Economy
At a meeting to set the party’s economic policy agenda, China’s leadership said it would borrow more and cut interest rates in a bid to bolster growth.The New York Times - Dec. 12 -
China market reopens for “major” UK producers of “unprocessed” pork
Yahoo News - Dec. 12 -
Supporters of Bangladesh Nationalist Party hold protest march as tensions continue with India
Thousands of members of youth and student bodies belonging to the Bangladesh Nationalist Party have marched from the capital toward the country's eastern border with India to protest an attack on a ...ABC News - Dec. 11 -
Hegseth back on Capitol Hill as Trump Cabinet picks look to build support
President-elect Donald Trump's Cabinet picks appear to be gaining momentum as the seek support for confirmation. Trump's embattled pick for secretary of defense, Pete Hegseth, will be meeting with ...CBS News - Dec. 11 -
Hiring falls more sharply in UK than other major economies
Slowdown in British recruitment unusual because it involves low-wage sectors, according to data from website IndeedFinancial Times - Dec. 10 -
Musk-backed group runs ad pressuring senators to support Hegseth
A group previously backed by tech billionaire Elon Musk is running an advertisement pressuring senators to support President-elect Trump’s pick for Defense secretary, Pete Hegseth. The ad, from ...The Hill - Dec. 9 -
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 - Dec. 9 -
Biden administration announces almost $1 billion in additional weapons support for Ukraine
The Biden administration announced on Saturday nearly $1 million in arms support for Ukraine, the Department of Defense said in a press release. The $988 million assistance package will provide the ...The Hill - Dec. 7 -
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 - Dec. 6 -
Starmer to launch major government spending review
Ministers told to make their case for money from tight public fundsFinancial Times - Dec. 6 -
China’s Export Ban on Strategic Minerals Could Hit Tech, Wider Economy
Beijing’s curbs on crucial minerals such as gallium, germanium and antimony needed for computer chip and electronics manufacturing could wreak havoc on supply chains.Inc. - Dec. 6 -
UiPath shares drop as Cathie Wood backed software developer holds guidance
UiPath shares fell in premarket trading as the software developer left its guidance unchanged after beating expectations in the third quarterMarketWatch - Dec. 6 -
NASA announces more delays in sending astronauts back to the moon more than 50 years after Apollo
NASA announces more delays in sending astronauts back to the moon more than 50 years after ApolloABC News - Dec. 5 -
FirstFT: Bitcoin hits $100,000 on back of Trump support
Also in this newsletter, French parliament removes prime minister and Trump discusses replacing defence secretary pickFinancial Times - Dec. 5 -
Far from a bazooka, China's stimulus measures are just trickling through the economy
China's latest efforts to kickstart growth will take time to play out, data and company earnings show.CNBC - Dec. 4 -
Elon Musk’s Tesla pay-package fight is back in the spotlight, but here’s an even bigger issue
With his whopping pay package still tied up in legal limbo, Tesla Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.MarketWatch - Dec. 4 -
Western businesses in China hold on to hopes for Trump 2.0
Some believe the incoming US president is in a strong position to negotiate a trade deal with BeijingFinancial Times - Dec. 4 -
China Announces a Ban on Rare Minerals to the U.S.
The move escalates supply chain warfare and comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.The New York Times - Dec. 3 -
U.S. announces new export controls on China's chip industry
The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies.NBC News - Dec. 3 -
Old convictions are holding too many back
Criminal records should be reformed to offer employers a better, fairer way to assess potential hiresFinancial Times - Dec. 3
