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Wednesday, November 6
by
SRN News
Factbox-Trump’s US election win may bring NATO members’ defense spending back into focus
(Reuters) – NATO-member defense spending may come back into focus as former U.S. President Donald Trump returns to office. Republican Trump, 78, was elected president on Wednesday, defeating Democratic candidate Kamala Harris. He previously served as U.S. president from 2017 to ...
Wednesday, November 6
by
SRN News
NATO’s Rutte congratulates Trump, says allies spending more on defence
BRUSSELS (Reuters) – NATO chief Mark Rutte congratulated Donald Trump on Wednesday for being elected president of the United States, and emphasised that members were increasing their military spending, a response to a persistent Trump criticism of the Western alliance. “I ...
Tuesday, November 5
by
SRN News
Wells Fargo has tripled political spending with state groups over past decade
By Douglas Gillison (Reuters) – Over the past decade, Wells Fargo 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 ...
Tuesday, November 5
by
SRN News
Burger King, KFC owners take sales hit as fast-food spending tapers
By Juveria Tabassum and Savyata Mishra (Reuters) -Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by choppy demand in the United States and abroad from budget-stretched customers. Rising fast-food prices over the past year ...
Tuesday, November 5
by
SRN News
Burger King, KFC owners miss results estimates as fast-food spending wanes
(Reuters) -Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by weak demand in the United States and abroad from budget-stretched customers. Consumers are relying on cheaper, home-cooked meals instead of eating out as fast-food ...
Monday, November 4
by
SRN News
Trump’s new tariff proposal could cost Americans $78 billion in annual spending, NRF study shows
(Reuters) – U.S. shoppers could lose up to $78 billion in annual spending power annually if presidential candidate Donald Trump’s new tariffs proposal on imports are implemented, a study from the National Retail Federation (NRF) showed on Monday. ...
Monday, November 4
by
SRN News
New York Times adds fewer digital subscribers as spending tightens
(Reuters) -New York Times posted fewer-than-expected digital subscribers for the third quarter as readers cut back on spending in an uncertain economy, offsetting strong growth in advertising sales. The company added 260,000 digital-only subscribers, compared with 300,000 additions in the previous quarter. Analysts ...
Monday, November 4
by
SRN News
Revvity cuts 2024 revenue forecast amid biotech spending slowdown
(Reuters) – Revvity cut its 2024 revenue forecast as reduced biotech spending and a strong dollar weigh on demand for its tools and services used in drug development. The diagnostic products and scientific tools manufacturer now expects annual revenue between $2.75 ...
Friday, November 1
by
SRN News
Australia household spending slips in Sept, confounding rebound hopes
By Wayne Cole SYDNEY (Reuters) – Australian household spending fell in September as consumers cut back on clothing and cars, data showed on Friday, further confirmation that billions of dollars in recent tax cuts were being saved rather than spent. That should ...
Thursday, October 31
by
SRN News
Weekly jobless claims at five-month low; consumer spending rises solidly
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September, showcasing the economy’s strength heading into the final stretch of 2024 and just days ...
Thursday, October 31
by
SRN News
Struggle for Senate control goes down to the wire as spending shatters records
HARRISBURG, Pa. (AP) — Billions of dollars in advertising are raining down on voters across the Rust Belt, Rocky Mountains and American southwest as the two major political parties portray their opponent’s candidates as extreme in a struggle for control of the U.S. Senate. In ...
Thursday, October 31
by
SRN News
The struggle for Senate control goes down to the wire as spending shatters records
HARRISBURG, Pa. (AP) — Billions of dollars in advertising are raining down on voters across the Rust Belt, Rocky Mountains and American southwest as the two major political parties portray their opponent’s candidates as extreme in a struggle for control of the U.S. Senate. In ...
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