Politics

GOP Sen. Portman warns Democrats: Shutting down the government doesn't end well

The last shutdown in 2013 lopped about 0.3 percent off GDP that year.

Politics

Trump warns shutdown could be coming as Senate fights over spending plan

The Senate is divided over how to proceed on a government funding bill with only hours until a shutdown.

United States

Market is getting it wrong on Fed rate hikes, warns private equity giant KKR

Private equity giant KKR said the market is pricing in only half the number of Fed rate hikes likely to come in 2019.

Investing

Beware the ‘black hole’ that is GE, market watcher warns

GE has been left out of the Dow's record run. The reason is clear: GE's opaque finances, one market watcher says.

Politics

Republicans and Democrats throw blame as Congress barrels toward possible government shutdown

Parts of the government will shut down if Congress cannot pass a spending bill by the end of Friday.

World

'Black swan' event could threaten China's stability, regulator warns

Bad debt and high levels of shadow banking activities are among the country's most worrisome risks.

Technology

Bitcoin is a 'pyramid scheme,' warns former Wells Fargo CEO Dick Kovacevich

Kovacevich says he believes bitcoin is a scam. "It makes no sense."

Investing

Cramer warns that a trade war with China represents the top three risks to the market

A trade war between the U.S. and China is "the number 1 risk and also the number 2 and number 3 risk," Jim Cramer argues.

World

Fiat Chrysler CEO warns consumers could 'pay the price' if NAFTA unravels

Fiat Chrysler is concerned consumers could be left exposed to price hikes as a result of NAFTA negotiations.

World

North Korean media threatens Olympics pull out after Seoul praises Trump

"They should know that train and bus carrying our delegation to the Olympics are still in Pyongyang."

World

Another central bank just issued a warning about cryptocurrencies

Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies because of the risk of losses.

World

Obama to David Letterman: Media is dividing Americans

Americans "are operating in completely different information universes," the former president said in an interview with David Letterman.

United States

Fed's Dudley warns that tax cuts putting economy on an 'unsustainable path'

New York Fed President Bill Dudley said that the recently passed tax cuts pose an ominous threat down the road.

United States

Private equity giant KKR warns about investment danger from corporate misconduct scandals

The wave of sexual misconduct scandals in 2017 will have repercussions in 2018, private equity giant KKR warned.

Property

Citigroup warns New York and California homeowners could see tax bills go up about $3,000

The reason comes down to a change in the Republican tax law having do to with the so-called SALT provision.

Business

US Chamber of Commerce president Donohue warns against growing backlash against tech

Tom Donohue, president of the U.S. Chamber of Commerce, warns about a growing global hostility to technology.

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