Republican Sen. Bill Cassidy told CNBC on Monday he believes an immigration deal will happen before the next government shutdown deadline in three weeks. The Senate passed a short-term compromise deal Monday to end the current shutdown, keeping the government funded through Feb. 8. Next, the measure will go to […]
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Ackman cuts staff, shuns limelight as he seeks to turn around fund
William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters on Monday. The billionaire hedge fund manager, who recently suffered big […]
Bacardi is buying Patron in deal that values the tequila company at $5.1 billion
Bacardi Limited will acquire the maker of Patron in a deal valued at $5.1 billion, the spirits company announced Monday. Patron is a well-known brand of ultra-premium tequila. Bacardi, which is known for its rum, took a minority stake in the brand’s parent company in 2008. The deal will make […]
Jefferies has 3 reasons why Texas Instruments can be a winner again this year
Jefferies just added Texas Instruments to its Franchise Pick List, telling clients that there are numerous ways to win on the chipmaker stock. As one of the top performers in the S&P 500 over the past 12 months, Texas Instruments has climbed 59 percent versus the market’s 24 percent gain. […]
Eagles face stiff competition against ‘absolutely freakish’ Tom Brady, says top sports agent
The Philadelphia Eagles may be going to the Super Bowl, but the battle against Tom Brady is going to be intense, said well-known sports agent Drew Rosenhaus. “For a guy to be 40 years old and be the NFL’s most valuable player and to fight through injuries and to play […]
Three USA Gymnastics board members resign in wake of sex abuse scandal
Three USA Gymnastics board members resigned on Monday in the wake of its former team physician sexually abusing female gymnasts, the organization said. The resignations include the board chairman Paul Parilla, vice chairman Jay Binder and treasurer Bitsy Kelley, who comprise the gymnastics governing body’s executive leadership team, the statement […]
Vice President Pence welcomes end to government shutdown
U.S. Vice President Mike Pence on Monday welcomed news that U.S. Senators voted to move forward on legislation that would reopen the federal government until Feb. 8, ending a three-day standoff between President Donald Trump and his fellow Republicans and Democrats over immigration and border security. “We welcome the news […]
Watch: White House briefs reporters as Congress appears ready to reopen government
[The stream is slated to start at 1:30 p.m., ET. Please refresh the page if you do not see a player above at that time.] White House press secretary Sarah Sanders briefs reporters on Monday as Congress appears ready to resolve the government shutdown on its third day. Shortly before […]
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
CEO pay is quickly outpacing yours. In 2016, the CEOs of the top 350 U.S. firms earned on average $15.6 million. “There are CEOs getting paid hundreds of millions,” Stanford economics professor Nicholas Bloom tells WNYC “Freakonomics Radio” podcast. “So I find it hard to defend those amounts.” According to […]
Trump has packed federal courts in his first year, pleasing once-wary conservatives
As a candidate, the ideologically flexible Donald Trump urged skeptical conservatives to support him with one simple pitch. “If you really like Donald Trump, that’s great, but if you don’t, you have to vote for me anyway,” he said at a July 2016 rally in Iowa. “You know why? Supreme […]