Murphy blames GOP for rising energy costs in New Jersey, cites federal spending bill
TRENTON, N.J. — New Jersey Gov. Phil Murphy is blaming Republicans and the Trump Administration for rising energy prices across the state, criticizing a recently signed federal spending bill he says will…
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 proposed spending over $105 billion to support…
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 current spending plans are maintained, Bank of…
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 its shares down more than 3% in…
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 that construction spending rose 0.4%. Data for…
‘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 have indicated that they will not support…
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 up 5% in extended trading. The results,…
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 back their plans for cloud-based infrastructure. The…
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 a letter addressed to Members of Congress…
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 the outlook is “dim”, the International Monetary…
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 year, a Bank of America survey showed…
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 restore tough fiscal rules next year that…
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 the agency’s probe into whether the coffee…
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 recovery. In China, the Mid-Autumn festival is…
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 Vladimir Putin said on Thursday, shrugging off…
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 stayed overnight without authorization. Officers Justin Peyton,…
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 slow momentum. The Commerce Department said on…
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 Office of Management and Budget said on…
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 to below 4.0%. With gasoline price surging,…
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 individuals and sectors, were aggravating the country’s…
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 Homeland Security, the White House’s Office 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 Capitol Hill, and Montana’s two congressmen are…
New Thai govt approves higher spending, budget deficit for fiscal 2024
BANGKOK (Reuters) -Thailand’s new cabinet on Wednesday approved a plan for higher fiscal 2024 spending of 3.48 trillion baht ($97.29 billion) and a larger budget deficit of 693 billion baht, the government…
Australia’s household spending rebounds in Aug in consumer resilience -CBA data
SYDNEY (Reuters) – Australia’s household spending rebounded in August, led by gains in the education, transport and recreation categories, data from the Commonwealth Bank of Australia showed on Wednesday, a sign of…
Analysis-China needs more than cheaper mortgages to revive spending
SHANGHAI/BEIJING (Reuters) – Simon Yu’s monthly mortgage payments for his Shanghai apartment will drop after China’s latest measures to support the ailing property sector, but so will the interest he earns on…
Exclusive-New rules would give Europe more scope for military spending post-Ukraine invasion
By Jan Strupczewski BRUSSELS (Reuters) – The European Union is close to agreeing provisions in revamped fiscal rules to enable extra military spending in the wake of Russia’s invasion of Ukraine, officials…
Breaking News
