Markets

Budget Battles

  • Senator Ben Cardin (D-MD) arrives at Democratic Party caucus meeting on Capitol Hill in Washington, U.S., January 19, 2018. REUTERS/Yuri Gripas/ File Photo

    Factbox: What happens in a U.S. government shutdown?

    By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

    In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...

  • FILE PHOTO: A pharmacist holds prescription painkiller OxyContin at a local pharmacy in Provo

    Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

    By Nate Raymond, Reuters

    (Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...

  • usFILE PHOTO: A bulldozer moves coal at the Murray Energy Corporation port facility in Powhatan Point, Ohio

    Trump's Coal Job Push Stumbles in Most States

    By Valerie Volcovici, Reuters

    WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...

  • FILE PHOTO - Treasury Secretary Steve Mnuchin listens as U.S. President Donald Trump hosts a tax reform industry meeting at the White House in Washington, U.S., October 31, 2017. REUTERS/Kevin Lamarque

    Trump Tries to Sell Tax Reform to Democrats

    By David Morgan, Reuters

    WASHINGTON (Reuters) - President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday even as Senate Republicans edged closer to passing a budget measure that...

  • FILE PHOTO: U.S. Homeland Security Secretary Jeh Johnson (L) listens to Representative Tom Marino (R-PA) (R) before a House Judiciary committee hearing on the 'Oversight of the US Department of Homeland Security' on Capitol Hill in Washington July 14, 20

    Trump's drug czar nominee withdraws from consideration

    By Sarah N. Lynch and Makini Brice, Reuters

    WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...

  • Jaime Dimon: The US Economy Looks Pretty Good

    By Portia Crowe, Business Insider

    JPMorgan reported fourth-quarter earnings on Thursday that crushed expectations and set a high bar for the rest of Wall Street . On a conference call with analysts following the release, the bank's...

  • Hermès Black Graphite Birkin Bag - $85,000 

    The Fashion Item that's a Better Investment than Stocks and Gold

    By Mallory Schlossberg, Business Insider

    Many women joke and say that a Birkin bag is an "investment purchase." But a new study suggests that purchasing the famously expensive handbag could actually be a smart move. Racked has cited a study...

  • Here’s Why Income Inequality Is Grossly Exaggerated

    By James Davis

    Many experts agree that natural demographic changes and lifetime income cycles distort common income inequality measurements in the United States. In short, there are a lot more middle-aged and old...

  • People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York March 6, 2013. REUTERS/Shannon Stapleton

    Why Presidential Election Years Are Bad for Stocks

    By Bryan Borzykowski, CNBC

    It's already been a difficult 2016 for investors — the S&P 500 is down about 5.1 percent since the start of the year — but if history is any indication, it's not going to get any better. Why?...

  • An oil pump jack can be seen in Cisco, Texas, August 23, 2015. REUTERS/Mike Stone

    As Oil Keeps Falling, Analysts See Prices in the $20s

    By Catherine Ngai and Amanda Cooper, Reuters

    NEW YORK (Reuters) - A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to...