CNBC News

Senators appeared optimistic they had the votes to end the government shutdown Monday after leaving meetings more confident about a compromise deal to allow Congress to pass a short-term funding bill, NBC News reported. The chamber is expected to shortly vote to advance a shot-term stopgap bill to keep the […]

President Donald Trump pledged to revive the coal industry and put miners back to work, but one year into his first term, there’s been little change in the beleaguered industry. Coal production is up slightly and exports were a highlight in 2017, but coal-fired power plants are still closing. The […]

Senate Majority Leader Mitch McConnell said Monday that he intends to hold a debate over immigration measures, such as the Deferred Action for Childhood Arrivals program, to the floor before Feb. 8 – but only if the government reopens. The Kentucky Republican spoke on the Senate floor hours before the […]

The federal workforce woke up Monday to the first real day of the government shutdown, with hundreds of thousands of civil servants expected to stay home from work until a spending bill is approved in Congress and signed by the president. Negotiations on Capitol Hill broke down again late Sunday, […]

President Donald Trump on Monday railed against the Democrats role in the government shutdown, before appearing to offer more moderate members of the party political cover by blaming the party’s stance on “their far left base.” Trump said in a tweet that Democrats were “turning down services and security” because […]

General Electric shares continued to plumb new depths after Bank of America Merrill Lynch downgraded the troubled bellwether on Monday. Shares fell 1 percent in premarket trading, approaching just $16 a share. The stock fell to a six-year low on Friday below $17 a share after GE said earlier in […]

A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are lower ahead of another day of key earnings reports. SHUTDOWN DRAMA -The federal government shutdown enters day three as the Senate is scheduled to vote on a budget measure at […]

Celgene said on Monday it agreed to buy the rest of Juno Therapeutics it doesn’t already own for about $9 billion in cash to gain access to Juno’s pipeline of CAR-T cancer drugs. Celgene owns 9.7 percent in Juno and will offer $87 per share for the rest of the […]

Jim Johannson, the general manager of the U.S. Olympic men’s hockey team, has died on the eve of the Pyeongchang Games. He was 53. Johannson passed away in his sleep Sunday morning, according to USA Hockey. Executive director Pat Kelleher said the organization is “beyond shocked and profoundly saddened” by […]

Hundreds of thousands of federal workers will wake up on Monday with the U.S. government still shut down and the Senate expected to try again to restore federal funding, if only temporarily, and work on resolving a dispute over immigration. Amid uncertainty about whether federal employees should report to work […]