UK retailers report subdued Christmas spending: BRC
By David Milliken LONDON (Reuters) – British retailers reported lacklustre sales around Christmas, according to industry data released on Tuesday which may add to concerns …
Spending
Japan Nov household spending falls 2.9% year/year
TOKYO (Reuters) – Japanese household spending in November fell 2.9% from a year earlier, down for nine months in a row, government data showed on …
US online holiday spending up 5% on steep discounts, BNPL options – report
(Reuters) – Online spending by U.S. shoppers rose 4.9% during the 2023 holiday season, an Adobe Analytics report showed on Thursday, as intense promotions on …
Joe Biden Slams Inflation And Runaway Government Spending — In 1978 Campaign Ad
Joe Biden Slams Inflation And Runaway Government Spending — In 1978 Campaign Ad Nick Pope on December 31, 2023 President Joe Biden derided inflation and …
Thai govt set to further increase spending in 2025 fiscal year
BANGKOK (Reuters) – Thailand is planning a larger budget deficit of 713 billion baht ($20.71 billion) for the 2025 fiscal year and higher spending of …
China identifies second set of projects in $140 billion spending plan
SHANGHAI (Reuters) – China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster …
Paychex’s quarterly revenue growth slows on weak client spending
(Reuters) – Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses …
OECD urges Brazil to rein in required spending and lower trade barriers
BRASILIA (Reuters) – The Organization for Economic Cooperation and Development (OECD) urged Brazil on Monday to reconsider its mandatory expenditures and dismantle trade barriers in …
Exclusive-Ecuador will cut $1 billion in spending before seeking loans, sell some gold, president says
By Alexandra Valencia QUITO (Reuters) – Ecuador’s new government will cut $1 billion in spending to deal with “brutal inefficiency” before potentially seeking loans from …
Disney, Comcast increase US ad spending on Instagram after dropping Musk’s X – report
By Jaspreet Singh (Reuters) – Big U.S. companies including Walt Disney and Comcast increased advertising spending on Instagram after pausing commercials on X last month, …
Argentina devalues peso, cuts spending in economic shock therapy
(Reuters) – Argentina will weaken its peso by more than 50% to 800 per dollar, cut energy subsidies and cancel public works tenders as part …
Argentina’s Caputo announces peso devalution to 800 per dollar, spending cuts
BUENOS AIRES (Reuters) – Argentine Economy Minister Luis Caputo laid out the new government’s economic shock plan on Tuesday, targeting public spending and a sharp …
Australia mid-year budget to flag spending curbs amid inflation risks
SYDNEY (Reuters) – Australia’s mid-year budget update will include about A$10 billion ($6.56 billion) in savings, official data showed on Tuesday, as the government looks …
Refiner Phillips 66 forecasts lower spending in 2024
(Reuters) – U.S. refiner Phillips 66 forecast lower spending in 2024 on Friday, days after Elliott Investment Management sought a revamp of its board to …
China’s investments to Vietnam boom as Xi visits Hanoi, US spending down
By Francesco Guarascio HANOI (Reuters) – Chinese investments in Vietnam have boomed this year in contrast to a slowdown in U.S. spending and trade, official …
Top US congressional Democrat on spending says Republicans dragging feet
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) – The Democratic chair of the U.S. Senate committee that sets spending policy on Wednesday said Republican …
US House, Senate aim for bipartisan talks on 2024 spending -lawmakers
By David Morgan WASHINGTON (Reuters) – Members of the U.S. Senate and U.S. House of Representatives are expected to begin bipartisan talks soon on fiscal …
Colombia needs to cut spending by $5.7 billion to meet 2024 fiscal rule-committee
BOGOTA (Reuters) – Colombia will need to cut spending in 2024 by 23 trillion pesos, some $5.75 billion, to comply with its fiscal rule, a …
Australia trade drags on Q3 growth, government spending a boost
By Wayne Cole SYDNEY (Reuters) – Australia’s current account slid into deficit in the September quarter as prices for some commodity exports fell and locals …
US construction spending rises in October
WASHINGTON(Reuters) – U.S. construction spending increased more than expected in October amid strong gains in single-family homebuilding, but data for the prior month was revised …
Dem Senator Who Helped Pass Biden’s Massive Spending Bills Blames Corporations For Inflation
Dem Senator Who Helped Pass Biden’s Massive Spending Bills Blames Corporations For Inflation Mary Lou Masters on November 29, 2023 Pennsylvania Democratic Sen. Bob Casey, …
Spending fight imperils US Pacific island funding meant to counter China
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – U.S. budget wrangling could further delay funding approval for new agreements with Pacific island nations meant …
GM to cut spending on Cruise after accident – FT
(Reuters) -General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday. GM …
Argentine election may boost farmer spending, grain prices -biotech firm Bioceres
By Tom Polansek (Reuters) – Argentina’s farmers may be more willing to spend money on seeds and other agricultural products, hoping that new President-elect Javier …
‘Strike One And Two’: House Republicans Express Frustration With Mike Johnson, GOP Leadership Over Stopgap Spending Bill
‘Strike One And Two’: House Republicans Express Frustration With Mike Johnson, GOP Leadership Over Stopgap Spending Bill Arjun Singh on November 18, 2023 Many House …
France eyes cuts to business subsidies and healthcare spending
PARIS (Reuters) – France’s government aims to rein in spending on business subsidies and medical care as part of plans to come up with 12 …
Credit card data show drop in Israelis’ spending since start of Gaza war -cenbank
By Steven Scheer JERUSALEM (Reuters) – Five weeks into Israel’s war with Palestinian militant group Hamas, Israelis are spending less but a recovery may have …
Home Depot, Lowe’s may signal more pain from muted consumer spending, housing demand
By Deborah Mary Sophia (Reuters) – Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe’s …
Rand Paul Warns Of Potential ‘Disaster’ For Taxpayers If Spending Bills Pass
Rand Paul Warns Of Potential ‘Disaster’ For Taxpayers If Spending Bills Pass Harold Hutchison on November 7, 2023 Republican Sen. Rand Paul of Kentucky warned …
JD FOSTER: The Battle Over Ukraine-Israel Aid Is Sparking A Sorely Needed Debate On Emergency Spending
JD FOSTER: The Battle Over Ukraine-Israel Aid Is Sparking A Sorely Needed Debate On Emergency Spending J.D. Foster on November 6, 2023 President Biden has …
Canada govt spending to feed inflation next year, central banker says
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) – Spending by federal and provincial governments in Canada will start feeding into inflation next year if …
Cognizant forecasts quarterly revenue below estimates on weak corporate spending
(Reuters) – Cognizant Technology Solutions forecast fourth-quarter revenue below Wall Street estimates on Wednesday, as clients tighten their IT budgets in an uncertain economy, sending …
US construction spending rises in September
WASHINGTON (Reuters) – U.S. construction spending increased in September, but momentum is slowing as the factory building boom fades. The Commerce Department said on Wednesday …
‘Must Not Surrender’: House Republicans Demand Big Spending Cuts To Fund Government Ahead Of New Shutdown Deadline
‘Must Not Surrender’: House Republicans Demand Big Spending Cuts To Fund Government Ahead Of New Shutdown Deadline Arjun Singh on October 31, 2023 House Republicans …
Juniper Networks beats revenue estimates on strong enterprise spending
(Reuters) – Juniper Networks beat estimates for third-quarter revenue on Thursday as it benefited from higher network spending by cloud computing clients, sending its shares …
Data center firm Equinix trims annual revenue forecast on weak corporate spending
(Reuters) – Data center company Equinix trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale …
CPAC Calls for Investigation Into Black Lives Matter Spending and Ties to Terrorism
The Conservative Political Action Coalition (CPAC) has formally requested an investigation into the financial activities of Black Lives Matter (BLM) and its affiliated organizations. In …
IMF: Russia’s war spending fuels short-term growth, longer-term outlook ‘dim’
By Alexander Marrow (Reuters) – Huge fiscal spending on the military is fuelling short-term economic growth in Russia, but looking at the longer term picture …
Young Americans cut spending, shun restaurants as prices rise -study
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – Most young Americans have cut their spending in response to persistent inflation over the past …
Imperative for Italy to control public spending, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essential as the European Union prepares to …
Starbucks must disclose spending on response to union campaign, judge rules
By Daniel Wiessner (Reuters) – Starbucks Corp must provide U.S. regulators with documents detailing its spending on efforts to discuss unionizing with workers, part of …
China’s Golden Week holiday spending per capita surpasses 2019 levels
BEIJING (Reuters) – Chinese holidaymakers’ spending surged during this year’s eight-day Golden Week holiday, beating pre-pandemic levels and potentially boosting confidence in the country’s economic …
Putin says Russia’s economy can cope with higher defence spending on war
MOSCOW (Reuters) – The Russian economy can cope with higher military spending to fund the war in Ukraine now and in the coming years, President …
Man Charged After Spending Night Inside Atlantic City’s City Hall
ATLANTIC CITY, NJ – Sherif Ramadan, 39, of Atlantic City, was arrested on October 2, 2023, after being found in City Hall where he had …
US construction spending rises in August on homebuilding
WASHINGTON (Reuters) – U.S. construction spending increased in August, lifted by outlays on single- and multi-family housing, though mortgage rates at nearly 23-year highs could …
Biden would veto House bill on spending reduction, border security -White House
WASHINGTON (Reuters) – U.S. President Joe Biden would veto a border security and spending reduction bill passed by the House of Representatives, the White House’s …
Instant view: US core inflation slows in August, consumer spending rises
NEW YORK (Reuters) – U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing …
IMF says Argentina spending splurge sharpens economic challenge
By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund said on Thursday recent policy moves by Argentina’s government, including wide-ranging tax breaks for …
Biden would veto two House spending bills, White House says
(Reuters) – U.S. President Joe Biden would veto House of Representatives appropriations bills that would provide funding for the State Department and the Department of …
‘I Won’t Be Supporting Any CR’: Spending Fight Divides Montana’s GOP Congressmen
‘I Won’t Be Supporting Any CR’: Spending Fight Divides Montana’s GOP Congressmen Mary Lou Masters on September 21, 2023 A government shutdown is looming on …