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...

  • Sales stumbles raise fresh worry for corporate America

    Sweet Move? Pepsi Will Stop Using Aspartame

    By Katie Little, CNBC

    Bowing to consumer demand to ditch aspartame, PepsiCo will debut Diet Pepsi free of the sweetener in the U.S. later this year, the company confirmed Friday. "Diet cola drinkers in the U.S. told us...

  • Nasdaq Reaches New Record. Chances Are You Missed Out

    By Yuval Rosenberg

    The Nasdaq on Thursday busted through its all-time closing high of 5,048.62, reached during the go-go dotcom days of March 2000, and the S&P 500 now stands just a small fraction of a percentage...

  • Yahoo's Alibaba stake takes heat off weak forecast

    Here’s How Bad Yahoo’s Main Business Has Gotten

    By JAY YAROW, Business Insider

    Yahoo reported bad earnings Tuesday night . Here are the ugly numbers, via various analyst reports: Revenue was $1.04 billion, down 4% year-over-year, and below analyst expectations of $1.06 billion...

  • Teva plant is seen in Jerusalem

    Teva, World's Largest Generic Drugmaker, Looks to Get Even Bigger

    By Tova Cohen and Caroline Humer, Reuters

    Teva Pharmaceutical Industries Ltd on Tuesday made an unsolicited $40 billion offer for smaller rival Mylan NV, a bold bid for growth as its lucrative Copaxone drug faces generic competition. The...

  • Marijuana Marketers High on 4/20

    By Bob Woods, CNBC

    Today, 4/20, is a very special day in the marijuana world. Even if you don't imbibe in any forms of the cannabis plant, saying that number—and it must be pronounced "four-twenty," not "four hundred...