Category: Spending
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Spending freeze to push major railway projects into the sidings past general election
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Rachel Reeves is expected to halt spending on major new rail projects until after the next general election, leaving Britain’s train network under pressure from pressure on public finances. Industry bigwigs say three projects already under construction are set to consume almost all of the available funding from the Department…
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TSMC’s Upbeat Outlook Fuels Hopes for 2025 AI Spending
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(Bloomberg) — Taiwan Semiconductor Manufacturing Corp. forecast quarterly sales and capital spending ahead of analyst estimates, raising hopes that spending on artificial intelligence devices will remain resilient in 2025. Most read from Bloomberg Major chip maker Apple Inc. And Nvidia Corp. Spending between $38 billion and $42 billion on technology…
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Japan’s Household Spending Falls, Weighing on BOJ Rate Hike Path
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Breadcrumb links BMN Business Japanese households cut consumption for a fourth month as inflation continues to weigh on their purchasing power, showing economic fragility that is likely to make the Bank of Japan cautious about raising interest rates further. Article writer: Bloomberg News Yoshiaki Nohara Published on January 9, 2025…
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UK Christmas shopping rebounds with higher spending on high street and online
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British consumers are opening their wallets more freely in the run-up to Christmas, with retailers reporting a 2.3 per cent year-on-year increase in spending in the seven weeks to December 20, according to figures from Visa. Online sales led the increase of 6.1 per cent, while electronics and homeware purchases…
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Brits brave storms to back small businesses, spending £634m on Small Business Saturday
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Strong consumer solidarity prevailed on Saturday for small businesses despite stormy conditions sweeping the UK. According to new research from American Express, more than 10 million Britons shopped at independent retailers on December 7, braving the influence of Storm Darragh to pump an estimated £634 million into small businesses both…
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GameStop reports third-quarter profit on spending cuts
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Written by Zaheer Kachwala (Reuters) – GameStop reported third-quarter earnings on Tuesday as the video game retailer ramped up cost-saving efforts, including closing stores and selling higher-margin merchandise. CEO Ryan Cohen told investors in June that the company would operate with a “smaller network and greater value-added elements” as part…
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UK growth forecast upgraded after Reeves’s £70bn spending boost
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The OECD has significantly updated its UK growth forecasts, giving credit to Rachel Reeves’ £70bn-a-year public spending package. The UK economy is now expected to grow by 0.9% in 2024 and 1.7% in 2025, up from May forecasts of 0.4% and 1.0%. But the Paris-based organization warned that this growth…
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Dogecoin Whales Reactivate After Spending $214.5 Million To Buy 550 Million DOGE
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Dogecoin whales It is witnessing a major accumulation spree, with reports revealing that large-scale token holders have purchased over 550 million DOGE tokens. This tremendous cumulative trend comes as analysts say He predicts DOGE may be preparing for a big jump in prices. Dogecoin whales continue massive buying trend Cryptocurrency…
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Dogecoin Whales Reactivate After Spending $214.5 Million To Buy 550 Million DOGE
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Dogecoin whales It is witnessing a major accumulation spree, with reports revealing that large-scale token holders have purchased over 550 million DOGE tokens. This tremendous cumulative trend comes as analysts say He predicts DOGE may be preparing for a big jump in prices. Dogecoin whales continue massive buying trend Cryptocurrency…
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Bitcoin LTHs Start Taking Profits – Metrics Reveal Whales Are Actively Spending
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This article is also available in Spanish. Bitcoin has reached all-time highs for four straight days, reaching $99,500 just hours ago. The ongoing rally has fueled intense bullish sentiment in the market, with investors eagerly anticipating Bitcoin’s historic breakout at the $100,000 mark. However, on-chain data suggests that the rally…
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Nvidia stock rises on AI spending, chip deal ahead of earnings
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Nvidia (NVDA) stock rose more than 4% on Tuesday following bullish remarks from Wall Street analysts who pointed to strong demand for chips ahead of its earnings report scheduled Wednesday afternoon. In a client note this week, Stifel analyst Robin Roy raised his price target on Nvidia to $180 from…
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Fed’s Target in Sight as Inflation Cools, Spending Holds Strong
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The latest Bureau of Economic Analysis (BEA) data gave us a mixed reading on consumer prices for September. Energy, food and commodity prices fell, pushing headline inflation closer to the Fed’s 2% target. but Services inflation remains highWhich suggests that the Fed may be leaning toward keeping interest rates high…
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IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances
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The International Monetary Fund has called on Chancellor Rachel Reeves to introduce tax rises and tighten government spending in the next budget, warning that delaying such measures could worsen the UK’s fiscal problems. In a previously released section of the *Comptroller* report, the Washington-based organization highlighted the UK and US…
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Rob McElhenney backs U.K. company after vintage Wrexham shirt spending spree
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When TV star Rob McIlhenney gambled on Welsh minor league football team Wrexham AFC in 2020 with fellow actor Ryan Reynolds, the self-confessed football newbie wanted to look like it. What better way than to find a replica t-shirt from the 1970s worn by the ‘Wrexham Lager’ sponsor? McElhenney first…
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Japan’s new PM supports higher corporate taxes, more defense spending
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Shigeru Ishiba, who became Japan’s new prime minister on Tuesday, is a former defense minister known for his deep knowledge of security policy. Ishiba’s push to bolster the military and call for the creation of an Asian NATO may anger Beijing, but he is cautious in his words regarding China.…
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S&P, Dow open higher after fresh inflation, consumer spending data By Investing.com
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Investing.com – U.S. stocks opened mostly higher on Friday after a batch of new economic data showed that the Federal Reserve’s preferred measure of inflation had slowed near its 2% target and that consumer spending growth was broadly flat. By 09:39 ET (13:39 GMT), the index had added 8 points,…
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US holiday spending on buy now, pay later to hit record due to debt-laden shoppers By Reuters
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Written by Ariana McLemore NEW YORK (Reuters) – U.S. shoppers are expected to spend a record $18.5 billion using third-party buy-now, pay-later services on holiday purchases in the fourth quarter, according to a forecast released by data firm Adobe Analytics on Wednesday. With many Americans in debt recently, spending on…
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Japan data – July household spending +0.1% y/y (expected +1.2%)
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