Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
U.S. lawmakers are at it again—bickering over federal spending. For global markets the battle is important but not as significant as the impending battle over the U.S. debt ceiling, analysts say.
Budget spending must be agreed by Congress before October 1, next Tuesday, to prevent a government shutdown which could involve federal employees facing unpaid temporary leave and a possible delay in the payment of military personnel. Meanwhile, the debt ceiling must be extended later in October so that the U.S. Treasury can continue to borrow money and honor its sovereign debt obligations.
Most analysts expect a deal on the budget to be reached, even if it is at the last minute, since lawmakers are unlikely to want to risk any fallout at the 2014 Congressional elections from allowing the government to shut down.
"I think markets will react in a sensible fashion over the next few days recognizing that we'll get through this [federal budget debate]," Harold Ford, Junior, a managing director at Morgan Stanley and former U.S. Congressman said.
"The real question is if we reach the same conversation around the debt ceiling. America defaulting [would have] a greater impact than the short-term impact on markets from the [budget] conversation we're having right now," Ford told CNBC on Wednesday when asked whether a government shutdown was a realistic prospect.
(Read more: Congressional shutdown fight is nothing. Stay tuned)
The Treasury has said the U.S. debt limit of $16.7 trillion will be hit in mid-October, with Treasury Secretary Jack Lew saying there is no plan in place to pay all of the government's bills once that threshold has been hit.
"The subdued tone to the markets right now is probably because of the debt ceiling, but I don't think we'll get such severe downward pressure that we got in 2011 with the downgrades to the U.S. credit rating," Geoff Lewis, global market strategist, at JPMorgan Asset Management told CNBC Asia's "Cash Flow " on Thursday.
"At the moment, it is all theatrics. I think the Republicans realize that if they disrupt government for no good reason, it could come back to haunt them in the next mid-term elections," he added.
On Friday, House Republicans passed a resolution that would fund the government until mid-December but not Obamacare – President Barack Obama's healthcare reform law.
"In the near term, the debt ceiling debate and the continuing [budget] debate is going to cast a cloud over markets and in this environment it is safe havens such as the yen and the Swiss franc that do okay, " said Nick Verdi, director of foreign exchange strategy for Asia-Pacific ex-Japan at Barclays.
According to Chris Weston, chief market strategist at trading firm IG, there's one reason why investors should worry about a potential U.S. government shutdown.
"If we do see a shutdown, then subsequently government produced data will be held back from release, and thus we won't get the October 4 non-farm payrolls, which is so important to the taper jigsaw; clarity and uncertainty would get that little bit hazier," Weston said in a note.
The Federal Reserve last week took markets by surprise by not delivering a widely anticipated scaling back of its asset purchase program, leaving markets speculating once more about just when Fed tapering will begin.