A House-passed stopgap bill that would avoid a government shutdown appeared to fizzle out in the Senate late Friday night, leaving Congress fewer than two hours to find a solution before a midnight deadline. The measure was set to fail in a procedural vote that was still open in the […]
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House-passed bill to avoid a government shutdown sinks in the Senate as funding deadline passes
A House-passed stopgap bill that would avoid a government shutdown fizzled out in the Senate late Friday night, leaving Congress negotiating frantically as the midnight deadline to fund the government passed. The measure failed in a procedural vote by a 50 to 49 margin. Five Democrats — Joe Manchin of […]
Here’s why the government is on the verge of shutting down
The federal government was on the verge of a shutdown Friday, largely because of some senators’ exasperation with short-term measures to keep the government funded, as well as a desire to enshrine soon-to-expire protections for people who were brought to the U.S. illegally as children. The Republican-led House of Representatives […]
Top VC deals: John Chambers starts a fund, and ex-Baidu exec scores funding for self-driving cars
Here’s a roundup of the most important deals in venture capital from the past week. Instacart acquired Unata in a deal valued at $65 million, the companies announced on Wednesday. The Toronto-based start-up had raised $1.2 million in funding from MaRS Investment Accelerator Fund and others. Unata’s software delivers personalized […]
Alleged CIA China turncoat Lee may have also compromised US spies in Russia: NBC News
A former CIA officer who was arrested last week under the suspicion of spying for China is also suspected of compromising American spies in Russia, NBC News reported Friday, citing sources familiar with the matter. NBC News, citing multiple former and current government officials, said a FBI-CIA task force probing […]
Gunmakers look to new products to lift demand as big trade show opens next week
After cooling demand for firearms in 2017, large manufacturers are hoping new models of pistols and long guns rolling out at the industry’s big trade and convention next week in Las Vegas will generate strong consumer interest and boost sales in the coming year. The National Shooting Sports Foundation’s four-day […]
Google CEO Sundar Pichai said he doesn’t regret firing James Damore
Google CEO Sundar Pichai has no regrets about firing James Damore, the engineer responsible for a controversial diversity-related memo last fall, though he said the way it played out in public was unfortunate. “I regret that people misunderstand that we made this decision because of a political belief one way […]
‘People are underestimating the impact of the tax reform’ says Ken Moelis, Wall Street veteran
As the new Republican tax policy takes effect, investors brace for changes in the market. But Ken Moelis, CEO of Moelis & Co. and a Wall Street veteran, said the magnitude of the changes is bigger than most people realize. “People are underestimating the size and impact of the tax […]
Cramer Remix: My advice for Lloyd Blankfein on cryptocurrencies
After a mixed earnings report from Goldman Sachs sparked a debate among Wall Street’s bulls and bears, CNBC’s Jim Cramer offered a piece of advice to the bank’s well-known CEO. “Whenever Goldman’s results hit an air pocket, it always finds a new way to make money. My suggestion to CEO […]
Earnings dominate the week ahead, but interest rates could be a big deal after bond market crushing
A blast of earnings news from companies as diverse as Caterpillar and Netflix could help boost stocks in the coming week, but a bigger story may end up being the quiet move higher in interest rates. There are also a few important economic reports, including Fridays’ durable goods and fourth-quarter […]