Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
As the home to major companies such as Garmin, Sprint, H&R Block and Russell Stover Chocolates, plenty of business travelers find themselves in Kansas City for work. Here's...Travelread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
Solar power is on the rise. You can see the evidence on rooftops and in the desert, where utility-scale solar plants are popping up. The picture is not all rosy, but if the...Technologyread more
Though stocks rallied Wednesday on news that Senate leaders had struck a deal to raise the debt ceiling and end the government shutdown, some market observers expressed disappointment about the bill's failure to address the nation's long-term debt problems and warned that another budget battle could have more negative implications on the economy.
The agreement would extend U.S. borrowing authority until Feb. 7, although the Treasury Department would have tools to temporarily extend its borrowing capacity beyond that date if Congress failed to act early next year. It also would fund government agencies until Jan. 15, ending a partial government shutdown that began with the fiscal year on Oct. 1.
(Read more: Despite DC deal, market rally could be cut short)
"It feels like this is just kicking the can down the road," said Larry Fink, CEO of BlackRock, one of the world's largest investment firms. "It's going to have a lasting damage to consumer confidence, a lasting damage to CEO behavior in terms of job creation and, importantly, it's going to create a marginal change in foreign investors' behavior in investing in U.S. Treasurys."
In turn, Fink told "Closing Bell" he expects a "pretty weak fourth quarter" and a slow start to the first half of next year. He also suspects that another budget fight will prompt the Federal Reserve bank to continue its quantitative easing program
Separately, Nuveen Asset Management's Bob Doll told "Street Signs" that he, too, had hoped for more of a long-term solution. Still, he said, he's happy lawmakers agreed to something.
The markets likely will have difficulty moving much higher as Wall Street shifts its focus from Washington to subpar revenue and earnings growth, he said.
"The focus now appropriately will come back to revenue and earnings growth, which is only mediocre," said Doll, whose firm has $115 billion assets under management. "My guess is that the market will have trouble making significant forward progress from here until we get visibility on stronger revenue and earnings growth, which I think will come, but not right now."
(Read more: Wall Street not listening to Washington anymore)
The markets will more or less move sideways, Doll said, calling it a "consolidation period." He was surprised at how far the market has climbed since the shutdown began, he said, and it to give up some of those gains as earnings are released in the next few weeks but doesn't think it will be a drastic downside move.
Though Doll expects a tepid earnings season, he said the economy is "doing OK" with "less bad news" out of Europe and parts of Asia. In turn, he suggested that investors look at cyclical stocks, meaning companies that do well in times of economic strength. He did not share specific names.