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3 mins read

Trump's plan for Social Security will help baby boomers in the short term and cut benefits for anyone younger

Trump promised to cut Social Security taxes. Experts say the plan could slash benefits for low-inco…

Allie Kelly   


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2 mins read

Budget import duty cut will boost gold jewellery retailers' revenues by 22-25% this fiscal, notes CRISIL report

The organised jewellery sector, which accounts for just over a third of the overall market, is pois…

ANI   


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2 mins read

Gold shines as demand for safe haven asset strong; Infomerics Ratings anticipates 10% price jump this year

Historical trends, such as the surge during the Russia-Ukraine war, highlight gold's role as a safe…

ANI   


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4 mins read

FM cuts customs duty on minerals critical for energy transition

"We will bring out a policy document on appropriate energy transition pathways that balances th…

PTI   


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3 mins read

Elon Musk took the stage at a Trump rally to talk about taxes and the 'Department of Government Efficiency'

Musk did not elaborate on policy changes or spending cuts he would implement if he were to join a h…

Katherine Tangalakis-Lippert   


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2 mins read

Southwest is making big route changes as it prepares to reveal new details of its turnaround plan

Southwest reportedly plans to cut some 340 pilots and flight attendants at its busy Atlanta base as…

Taylor Rains   


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5 mins read

Why Elon Musk's push to cut federal waste might succeed where others failed

There's a chance the Department of Government Efficiency's plans could lead to the deepest cuts to …

Jack Newsham   


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2 mins read

Elon Musk is looking for DOGE cuts. A GOP senator's list caught his eye.

GOP Senator Rand Paul's report on wasteful spending prompted a repost from Musk, who is spinning up…

Mikhaila Friel   


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2 mins read

Wounded Russian troops had their medical payouts cut back in one swift move from the Kremlin

Russian troops wounded in Ukraine were to each be given about $30,000. But that's now been reduced …

Matthew Loh   


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2 mins read

Billionaire Ray Dalio says people should budget for the basics — and the US faces 3 huge threats

Elite investor Ray Dalio said people should budget for the basics and flagged government debt, infi…

Theron Mohamed   


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2 mins read

Elon Musk is looking to cut government waste. Here's what the US spends money on right now.

Trump selected Elon Musk and Vivek Ramaswamy to identify areas to cut government spending. The US s…

Ayelet Sheffey,Madison Hoff   


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3 mins read

Budget brands are winning in China as people turn to cheap food and fashion

Companies with wallet-friendly offerings are reporting strong sales in China.

Huileng Tan   


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2 mins read

Saudi Arabia's Neom dreams collide with financial reality as budgets reportedly face big cuts

Neom is expected to get 20% less than its target funding for the year, with plans for an airline al…

Beatrice Nolan   


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3 mins read

A Trump presidency would drain Social Security's finances faster, budget group warns

A budget group warns that Trump's agenda is expected to hasten Social Security's insolvency by thre…

Grace Eliza Goodwin   


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2 mins read

Spirit Airlines stock plunges after report it's considering filing for Chapter 11 bankruptcy

A Chapter 11 bankruptcy has the potential to let Spirit Airlines restructure its debt following a f…

Lian Kit Wee,Will Martin   


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1 min read

Spirit Airlines is selling planes worth $500 million and cutting staff as it fights to stay in the air

Spirit Airlines has struggled since its proposed merger with JetBlue was struck down. Reports have …

Pete Syme   


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3 mins read

iPhone price cut – Apple announces price cut after reduction in customs duty

As expected, the recently announced reduction in basic customs duty (BCD) on smartphones in the Bud…

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2 mins read

A Trump win could prompt the Fed to hit pause on its rate-cutting cycle, JPMorgan strategy chief says

A Trump win would likely come with a host of inflationary policies that would make it difficult for…

Kelly Cloonan   


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2 mins read

Halloween shoppers are cutting back — and Spirit Halloween, the spooky season giant, is betting big on Christmas

The National Retail Federation forecasted that Halloween spending will drop by 5%, to $11.6 billion…

Lian Kit Wee   


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4 mins read

Rate cuts are a double edged sword for Kamala Harris

The Fed's decision creates a delicate political situation for Harris — celebrate beating inflation…

Alice Tecotzky