News
Spending Review: Tough choices unavoidable, says IFS
Faarea Masud Business reporter, BBC News Tough choices are "unavoidable" as the government finalises spending plans for areas ranging from…
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Spending
Business
AI to send Asia’s data centre spending and power needs up; Morgan Stanley picks the winners
Data centre investments in Asia will likely double to US$200 billion by 2030, as the rising use of artificial intelligence (AI) will…
Business
Top Thai wind power firm to fund 65 billion baht of spending with IPO
Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the…
News
Elon Musk Exits Trump Administration a Day After Criticizing ‘Big Beautiful’ Spending Bill
Elon Musk, who has been one of Donald Trump‘s closest and most influential allies, has exited the administration 128 days into the…
News
Big, beautiful bomb-throwers: GOP spending hawks threaten to sink Trump's tax cut bill
A group of Senate Republicans, led by fiscal stalwart Ron Johnson of Wisconsin, are prepared to torpedo President Trump's signature tax…
Business
Who wants to come to America? More tourists are staying away, spending their money elsewhere in 2025
Between reports of travelers being arrested or hassled at border crossings and boycotts due to President Trump’s divisive rhetoric, it’s…
News
Sen. Ron Johnson pans spending in House bill, warns it will add $4 trillion to national debt
Sen. Ron Johnson says the spending cuts in President Trump's "big beautiful bill" amounts to a "rounding error" in the amount of money…
News
Spending Review: ‘It’s going to be ugly’ say Whitehall insiders
Laura Kuenssberg Presenter, Sunday with Laura Kuenssberg•@bbclaurak There is a joke, of sorts, doing the rounds in Whitehall, that soon…
Culture
Estee Lauder, L’Oreal suffer as China’s duty-free spending falls
UNABLE to travel overseas during the Covid-19 pandemic, Chinese consumers sparked a shopping boom in the southernmost province of Hainan,…
Culture
Musk will reduce political spending, committed to being Tesla CEO in 5 years’ time
Elon Musk said he plans to significantly cut political spending and is committed to staying on as Tesla’s CEO for another five years,…
News
Elon Musk will do a 'lot less' political spending in the future
Elon Musk said Tuesday that he is going to reduce his future spending on politics in the United States. Source link
News
Elon Musk Says He’s Stopping Political Spending for Funniest Reason
Elon Musk claimed Tuesday that he plans to back off from buying American elections, following his failed attempt to purchase a Wisconsin…
Business
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend…
News
Trump to end spending on Biden-era digital equity law, calling it 'racist and illegal'
President Trump said he is ending the Biden-era Digital Equity Act, intended to provide digital service to lower-income communities, to…
News
Trump’s 2026 budget plan calls for sharp spending cuts. Here’s what to know
President Donald Trump’s 2026 budget plan would slash non-defense domestic spending by $163 billion while increasing expenditures on…
Business
Mastercard profit beats expectations on resilient consumer spending
MASTERCARD beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the…
Business
McDonald’s reports a significant sales decline in the U.S. as anxious customers pull back on spending
McDonalds released its earnings report for the first quarter of 2025 early this morning. According to the report, U.S. comparable sales…
Business
In an Uncertain Economy, McDonald’s Sees Spending Decline
Even value meals aren’t enough to get anxious consumers to spend. Despite efforts to entice customers to its restaurants, McDonald’s saw…
Business
Meta quarterly profit climbs despite big cloud spending
Tech giant Meta on Wednesday (Apr 30) reported quarterly profits that were well above expectations, brushing aside market worries that its…
Business
Visa earnings top estimates as spending on network stays strong
The company also says at the investor day that it expects its value-added services to account for more than half of total revenue in…
Business
Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for…
Business
AmEx profit rises on resilient card spending
Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier American Express reported a 6…
Business
LVMH sales fall as shoppers curb spending on luxury goods
LVMH sales fell more than expected in the first quarter, weighed down by weak demand for luxury goods in China and the US and the threat…
Business
Consumer Spending Rebounds in March, But Will It Last?
U.S. retail sales grew in March after two straight months of declines, in an apparent stocking up by Americans to beat looming…