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Washington averted a government shutdown after an up-and-down week saw House Republicans offering a united front and resistant Democrats cornered. The key moment on Friday was an early evening procedural vote in the US Senate that ended debate on a continuing resolution (CR). The final 62-38 vote included 10 Senate Democratic votes in the affirmative. Their support pushed the count above the required 60-vote threshold. Democratic-caucusing Sens. Chuck Schumer, Catherine Cortez Masto, Dick Durbin, John Fetterman, Kirsten Gillibrand, Maggie Hassan, Angus King, Gary Peters, Brian Schatz, and Jeanne Shaheen all voted yes. Republican Sen. Rand Paul voted no in what…
Docusign’s (DOCU) business remains brisk despite a bruised stock market and rising concerns of an economic growth slowdown in the US. CEO Allan Thygesen said on Yahoo Finance’s Morning Brief on Friday that demand trends in February remained solid. “As I looked at our February numbers, for example, our transaction volumes were pretty much on target with what we had expected — not seeing any major impact there,” Thygesen said. “So at this point, we haven’t seen any impact of the recent volatility.” Docusign reported on Thursday evening that fourth quarter earnings came in better than expected as more customers…
It’s likely the US government will avert a debilitating shutdown on Saturday, said Sen. Ted Cruz. “I think it’s probably not going to happen. I think we’re gonna see the Democrats cave,” Cruz (R-Texas) told me on Yahoo Finance’s Opening Bid podcast (video above). Cruz, who has also been working to get support for his new No Tax on Tips bill, added, “I think at the end of the day, after all of the rage, you’re going to see the Democrats finally say, OK, we’re not going to shut the government down. But on the other hand, maybe their rage…
It’s likely the US government will avert a debilitating shutdown on Saturday, said Sen. Ted Cruz. “I think it’s probably not going to happen. I think we’re gonna see the Democrats cave,” Cruz (R-Texas) told me on Yahoo Finance’s Opening Bid podcast (video above). Cruz, who has also been working to get support for his new No Tax on Tips bill, added, “I think at the end of the day, after all of the rage, you’re going to see the Democrats finally say, OK, we’re not going to shut the government down. But on the other hand, maybe their rage…
Joe Biden finished his one presidential term without a recession. Or did he? Now that Donald Trump’s second presidential term has gotten off to a rocky start, there’s mounting suspicion that if a recession develops soon, Trump won’t hesitate to blame it on Biden. There’s a more radical corollary: Trump might not even mind tipping the economy into recession early in his term while it’s easier to argue that it’s Biden’s fault. “We have talked recently with Washington insiders who think Trump wouldn’t mind a recession this year,” Greg Valliere, chief US policy strategist for AGF Investments, said in his…
The federal government could be in for a shutdown in less than two days after Senate Democrats offered up a plan to play hardball and oppose a House bill that would keep the government open until September alongside spending cuts to various programs. The counteroffer from Democrats — with the votes of at least a few of them required for any bill to pass — would keep the government open for a month but faces little chance of final passage in time with House Republicans already having departed Washington and Republican leaders confident they have Sen. Chuck Schumer and his…
The latest data out of the US shows Tesla (TSLA) sales slipping here too, following drops in regions like Europe and China. S&P Global Mobility reports registrations for Tesla vehicles in the US dipped to 43,411 in January, an 11% dip compared to a year ago. Though Tesla retained the top spot in terms of US market share at 42.5%, it represented a whopping drop of 12 percentage points from a year ago. Automotive News first published the S&P data. Tesla does not report sales data by month or region, so registration data is seen as the best measure of…
Intel (INTC) announced it’s appointing Lip-Bu Tan as its new CEO. The chip industry veteran, who previously helmed Cadence Design Systems, takes over from interim co-CEOs David Zinsner and Michelle Johnston Holthaus. The duo succeeded former CEO Pat Gelsinger, who was ousted by Intel’s board in late 2024. Shares of Intel climbed more than 11% in after-hours trading following the announcement. NasdaqGS – Delayed Quote • USD At close: March 12 at 4:00:01 PM EDT The news comes the same day as a Reuters report stating that a consortium of companies led by TSMC (TSM) and including Nvidia (NVDA) and…
US stock futures held steady after markets breathed a sigh of relief thanks to a cooler-than-expected inflation report that buoyed tech shares in day trading. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) ticked up 0.1%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) remained flat. CBOT – Delayed Quote • USD As of 11:48:18 PM EDT. Market Open. YM=F ES=F NQ=F Although Wednesday’s Consumer Price Index (CPI) report eased some fears about the health of the US economy, political uncertainty continues to grip markets. US President Donald Trump’s trade war has only…
President Trump is close to nominating Federal Reserve governor Michelle Bowman as the central bank’s new vice chair for supervision, according to multiple media reports, tapping a former Kansas banking commissioner as the Fed’s top banking cop. Bowman could take oversight of giant US banks in a new direction as the Trump administration makes it clear it wants to lift constraints on lenders and overhaul a regulatory framework put in place following the 2008 financial crisis. Last week, in a New York City speech, Treasury Secretary Scott Bessent called post-crisis regulation “backward-looking” and said he wants better coordination among bank…