spending
Elon Musk’s Department of Government Efficiency is looking for people to join the effort.Musk posted that the compensation is “zero.” So, is this a real job opportunity?DOGE hasn’t answered questions about pay, or whether you need an X account to apply.The new quasi-department Elon Musk is creating to root out…
By Douglas Gillison (Reuters) – Over the past decade, Wells Fargo (NYSE:) has tripled donations to groups focused on influencing state elections as the retail banking giant tries to sway local level policymaking, according to public data and a bank spokesperson. While the billions of dollars Wall Street and tech…
Luxury sales in Japan surged due to a weakened yen and increased tourist spending.The luxury industry faced a decline in China, making Japan’s market growth crucial.Brands like Hermès are thriving there by aligning with Japanese values of subtlety and quality. If you were looking to shop luxury in Japan this…
By Anna Tong, Aditya Soni and Deborah Mary Sophia (Reuters) – Big tech including Microsoft (NASDAQ:) and Meta (NASDAQ:) are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested. Microsoft…
Microsoft’s Q1 profits beat analysts’ estimates as cloud computing continued to grow.Q1 capital spending reached $20 billion, up from $19 billion in Q4.Microsoft shares edged higher in after-hours trading. Microsoft reported better-than-expected first-quarter results after the closing bell on Wednesday, and continued to ramp up its capital spending as it…
Mia Westrap decided to partake in a “no buy year” after years of struggling with her finances.Westrap has tried to abstain from buying anything unnecessary — and it’s taken a weight off her shoulders.Her “no buy year” has led to more meaningful relationships, less laziness, and independence. This as-told-to essay…
With bonus season coming, BI asked industry insiders what Wall Street’s current status symbols are.These 10 trends reflect a move away from loud displays of wealth to experiences and personalization.The list includes going to posh sporting events, hiring home organizers, and taking luxurious trips. With bonus season just a quarter…
Oregon residents will soon vote on a corporate tax increase to give them a universal basic income.Businesses have spent millions to oppose the 3% tax on corporate sales over $25 million.Both Democrats and Republicans say the measure could harm the state budget and essential services. Oregon businesses are spending big…
Investing.com — US stocks gave up some gains on Friday as investors digested economic data showing that the Federal Reserve’s preferred inflation gauge had slowed closer to its 2% target and consumer spending growth was broadly steady. At 1:07 ET (1707 GMT), the benchmark fell 0.03%, the 30-stock gained 205 points…
By Arriana McLymore NEW YORK (Reuters) – U.S. shoppers are expected to spend a record $18.5 billion using third-party buy now, pay later services for holiday purchases in the last quarter of the year, according to projections by data firm Adobe (NASDAQ:) Analytics released on Wednesday. With many Americans recently…
