Cuts Here To Stay, Despite Angst

Automatic spending cuts, in some form or another, are likely here to stay as White House officials ease off dire economic predictions and Republicans suggest they'll be manageable. White House Backs Off Doomsday Cuts ForecastObama Nominating 3 for Top Positions in AdministrationVIDEO: US Credit in Danger? Kerry Discusses Iran, Syria in Meeting in Saudi Foreign Minister

  • Allstate to return $600 million in auto premiums as pandemic cuts driving
    U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to "shelter-in-place" ...
    04/6/2020 - 3:45 am | View Link
  • Brent crude could plunge to 'single-digit lows' if OPEC+ can't agree on output cuts, says Fitch
    The Organization of the Petroleum Exporting Countries and its allies are expected to meet on Thursday instead of Monday — to try to agree on production cuts.
    04/6/2020 - 1:13 am | View Link
  • Berkshire Cuts Delta, Southwest Stakes With Airlines in Freefall
    Warren Buffett’s Berkshire Hathaway Inc. unloaded shares this week in Delta Air Lines Inc. and Southwest Airlines Co. as U.S. carriers braced for an unprecedented collapse in travel demand because of ...
    04/4/2020 - 4:44 am | View Link
  • AB Foods Cuts Bosses’ Pay as Primark Stores Stay Shut. But It Has An Ace in The Pack.
    Primark owner Associated British Foods (ABF) fell on Friday as the British conglomerate warned on profits and top executives took a 50% pay cut. The stock slipped 2.2% as the company said full-year ...
    04/3/2020 - 12:09 am | View Link
  • San Antonio mayor plans to extend stay-at-home order as city makes $82 million budget cuts but no layoffs yet as result of coronavirus pandemic
    Economic fallout from the pandemic could result in an $82 million cut in the city’s operating budget, City Council members were told at their Thursday meeting.
    04/2/2020 - 3:16 pm | View Link
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