Federal Reserve As It Happened Us Central Bank Cuts Growth Forecast and Boosts Inflation Outlook
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Don’t call European stocks ‘exceptional’
Region’s new growth story comes as US stumblesFinancial Times - 5d -
Utah’s Republican voters fume over Doge cuts
Representatives in Trump-voting districts try to reassure constituents over Elon Musk’s unpopular federal job cutsFinancial Times - 2d -
Judge orders 6 federal agencies to offer to reinstate fired probationary employees
A federal judge has ordered six federal agencies to offer to reinstate probationary employees who were fired as part of the Trump administration's cuts through the Office of Personnel Management. ...CBS News - Mar. 13 -
Rune Aero uses Nvidia GPUs to cut virtual wind tunnel costs by 80%
Rune Aero is using Nvidia GPUs to cut virtual wind tunnel costs by 80%, bringing down costs of developing airplanes.VentureBeat - Mar. 18 -
US airlines’ warnings of lower demand cast shadow over economic outlook
American, Delta and Southwest trim financial guidance on corporate and consumer softnessFinancial Times - Mar. 11 -
UK private sector growth hits six-month high in boost for Reeves – business live
Rolling coverage of the latest economic and financial news. Japan’s private sector output is falling this month for the first time since last October, a new poll has found, and at the fastest rate ...The Guardian - 1d -
Universities impose hiring freezes in face of uncertainty over federal funding
At least two Ivy League universities abruptly stopped hiring faculty Monday, partly prompted by fear that federal grant funding will be cut.NBC News - Mar. 10 -
Recently fired pregnant federal employees cope with loss of insurance
Many pregnant federal workers fired as part of recent DOGE cuts are now faced with complex challenges as they deal with the loss of their income and health insurance.NBC News - Mar. 11 -
Some universities are freezing hiring as Trump threatens federal funding
Universities across the U.S. have announced hiring freezes due to the risk of federal funding cuts under President Donald Trump’s administrationABC News - Mar. 13 -
How Entrepreneurs Can Leverage Uncertainty for Growth
Entrepreneurs can use empathy to find the canary in the coal mine and exploit it for profits and intangible gains.Inc. - Mar. 8 -
Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Goolsbee told CNBC that he's been hearing more concerns from businesses in his region about the impact of tariffs.CNBC - 4d -
Bundesbank enlists AI to prove ECB’s dovish bias
Germany’s central bank compares Eurozone bank policies and rhetoric in study powered by artificial intelligenceFinancial Times - 6d -
HUD, Interior announce plan to use federal land for affordable housing
Department of Housing and Urban Development Secretary Scott Turner and Department of the Interior Secretary Doug Burgum announced on Monday plans to identify federal lands where affordable housing ...The Hill - Mar. 17 -
US federal workers split on support for Trump's return to office mandate: Survey
Federal workers in the U.S. are split on their support for President Trump’s return to office mandate, according to a new survey. The Washington Post-Ipsos poll, published earlier this week, found ...The Hill - 3d -
Department of Education cuts half its workforce
The Department of Education cut half its workforce amid President Trump’s effort to abolish the agency. Trump touted the cuts, saying they shift responsibilities away from the federal bureaucracy ...NBC News - Mar. 12 -
The US Army Is Using ‘CamoGPT’ to Purge DEI From Training Materials
Developed to boost productivity and operational readiness, the AI is now being used to “review” diversity, equity, inclusion, and accessibility policies to align them with President Trump’s orders.Wired - Mar. 6 -
GOP funding patch boosts defense and deportations, cuts other programs
Ahead of a Friday shutdown deadline, House GOP leaders are serving up a plan Democrats will despise.Politico - Mar. 8 -
House GOP seeks spending cuts, defense increases in plan to avert shutdown
House Republicans on Saturday unveiled a six-month stopgap government funding plan, that seeks cuts to nondefense programs while boosting funding for defense. The bill's rollout kicks off a crucial ...The Hill - Mar. 8 -
Trump’s reciprocal tariffs could bring stagflation — and deflate his support
Trump campaigned on bringing prices down. If tariffs spike inflation and slow U.S. growth, his popularity could suffer.MarketWatch - Mar. 18 -
Noteworthy new books on economics
Why advanced economies are struggling to build; how Britain can boost growth; plus books on inequality and povertyFinancial Times - Mar. 10 -
UK financial regulators in retreat as prime minister piles on pressure
City cheers Sir Keir Starmer’s crackdown on red tape but there are questions over how much it can boost growthFinancial Times - Mar. 12 -
Price growth cooled more than expected in February, before Trump ramped up tariffs
The president took office promising to immediately lower inflation, but economists say his expanding trade war threatens progress on price hikes.NBC News - Mar. 12 -
Teachers protest cuts to education funding
Teachers across the country are protesting against federal cuts in education. This comes as President Trump signed an executive order to dismantle the Department of Education. NBC News' Morgan ...NBC News - 4d -
EU’s foreign policy chief laments US funding cuts to Radio Free Europe
Kaja Kallas says the bloc cannot automatically fill the gap left by the US. The EU’s foreign policy chief, Kaja Kallas, expressed disappointment over US funding cuts to Radio Free Europe and said ...The Guardian - Mar. 17 -
China plans to ‘vigorously boost consumption’ to shore up economy
Communist party aims to ‘promote reasonable wage growth’ and to reduce financial burdens amid Trump tariffs. Business live – latest updates China’s government has announced ambitious plans to ...The Guardian - Mar. 17 -
Small Business Administration cutting staff by 43%
The Small Business Administration on Friday said it is cutting more than 40% of its staff as part of the Trump administration's wider effort to shrink the federal bureaucracy.CBS News - 4d -
Ulta Beauty CEO says investments in growth ‘will take time’ to pay off, but shares still rally
Beauty-products retailer Ulta Beauty’s stock climbed after hours Thursday, after the company offered a full-year forecast that was shy of Wall Street’s estimates but fourth-quarter results that ...MarketWatch - Mar. 14 -
'You lose all hope': Federal workers gripped by mental health distress amid Trump cuts
In interviews with NBC News, many federal workers shared stories of overwhelming stress, personal crises, rapid weight loss, panic attacks and more.NBC News - Mar. 9 -
Food Banks Left in the Lurch as U.S.D.A. Shipments Are Suspended
A representative of a nationwide food pantry network, said U.S.D.A. officials had informed him that some food aid distributed by the federal government was under review.The New York Times - 5d -
Why the Arabic ‘Sesame Street’ and Other Cuts Are Not Really About Fraud
As President Trump and Elon Musk cut federal programs, they often equate political and policy differences with corruption.The New York Times - Mar. 16 -
Tate cuts almost a tenth of staff as it tackles deficit
UK arts institution tries to break even ahead of fundraising rounds designed to drive growthFinancial Times - Mar. 14 -
Could the US buy Greenland? If so, how?
Donald Trump says he wants the US to take over Greenland. Could it happen? If so, how?BBC News - Mar. 6 -
U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Airline and retail executives are bracing for a slowdown in demand amid concerns tariffs will cut down consumer spending.CNBC - Mar. 15 -
FedEx is the latest company to sound the alarm on the U.S. economy
FedEx cuts its profit outlook for the third time in a row, thanks to “continued weakness and uncertainty in the U.S. industrial economy.”MarketWatch - 5d -
Elon Musk's Starlink has a growing footprint in the federal government
The use of Starlink has been adopted by at least one additional federal agency since Donald Trump began his second presidential term.NBC News - Mar. 8 -
Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending
The revised revenue projections suggest that flagging economic confidence has started to hurt travel, which can be an indicator for other industries.The New York Times - Mar. 11 -
The market’s at a fork in the road, says RBC as it becomes third firm to cut S&P 500 forecasts.
Three is a trend, as RBC Capital Markets joined Goldman Sachs and Yardeni Research in slashing S&P 500 price targets.MarketWatch - Mar. 17 -
As Federal Cuts Brush Against Private Sector, Should Your Company Make a DOGE Contingency Plan?
A really good long-term business plan may include processes to follow in disaster scenarios. It’s something to think about, as Elon Musk’s DOGE teams upends the federal government and side effects ...Inc. - Mar. 10 -
GOP's Burchett berates CNN anchor over spending cuts coverage
Rep. Tim Burchett (R-Tenn.) on Tuesday attacked CNN’s coverage of the Department of Government Efficiency’s (DOGE) spending cuts and accused the network of trying to rally its viewers against ...The Hill - Mar. 11 -
Nothing boring about it: Unpredictable women’s NCAA Tournament is another boost
For years, the knock on the women’s NCAA Tournament was that it was too predictable, too top-heavy. Why watch when you what’s going to happen? That’s boring, right? It doesn’t make for compelling ...Yahoo Sports - 4d