President Donald Trump added more confusion to Congress’ scramble to avoid a government shutdown Thursday morning, when he appeared to reject a key part of a temporary funding bill Republicans hope to pass. “CHIP should be part of a long term solution, not a 30 Day, or short term, extension!” […]
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Trump vows to campaign intensively for Republicans, but may avoid the primaries
President Donald Trump said on Wednesday that he plans to devote much of his time this year to helping Republicans maintain control of the U.S. Congress, but suggested he may stay out of divisive intra-party primary fights. “I am going to spend probably four or five days a week helping […]
Wyndham Worldwide to buy La Quinta’s hotel business for $1.95 billion
U.S. hotel operator Wyndham Worldwide said on Thursday it would acquire La Quinta’s hotel franchise and management businesses for $1.95 billion in cash, expanding its midscale presence amid increasing travel demand. La Quinta shareholders will receive $8.40 per share in cash and Wyndham will repay about $715 million of La […]
Morgan Stanley shares pop surge after bank reports better-than-expected earnings
Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations on strong results in wealth management. Here’s how the banking giant fared against analyst estimates: EPS: 84 cents per share vs. 77 cents expected by Thomson Reuters Revenue: $9.5 billion vs. $9.2 billion expected Wealth management: $4.41 […]
Republicans scramble for votes as threat of a government shutdown looms
The White House on Wednesday threw its support behind a Republican proposal to avert a government shutdown at week’s end with a one-month extension in funding, but it was unclear whether there were enough votes to pass it in Congress. Congress has been struggling for months to reach an agreement […]
Apple’s latest security flaw is a ‘text bomb’
A newly discovered security flaw is affecting Apple‘s iPhone and Mac computers. Software developer Abraham Masri claimed to have found the bug, called “chaiOS,” and posted it on programming site GitHub on Tuesday afternoon. The so-called “text bomb” typically causes an iPhone to crash and, in some cases, restart. Sending […]
How technology is helping transform BMW’s business model
German auto giant BMW can trace its roots all the way back to 1916. A lot has changed in the industry since then, of course, but the importance of innovation has remained a constant. While technological advances such as autonomous driving may be changing BMW vehicles, the company’s business model […]
French leader Macron meets May in first official visit to the UK
French President Emmanuel Macron is visiting the U.K. Thursday for the first time since taking office, in an attempt to secure defense cooperation post-Brexit. “I do think this meeting is particularly about quick resolutions,” Aarti Shankar, policy analyst at Open Europe, told CNBC Thursday. The meeting “will be setting the […]
Davos is being co-chaired by seven women this year — and no men
For the first time in the 48-year history of the World Economic Forum (WEF), the 2018 summit in Davos, Switzerland will be chaired entirely by women. The move, a response to previous criticism about the prominence of men in the running of the event, will see seven women on 2018’s […]
China’s economy grew 6.9% in 2017, topping both the official target and 2016’s growth
China’s economy grew 6.9 percent in 2017, ending the year on a positive note as official figures topped the government target of around 6.5 percent, the country’s statistics bureau said on Thursday. The growth came despite widespread concerns in the last year about financial risks in the East Asian giant […]