Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Sens. Mitch McConnell and Tim Kaine plan to introduce a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Silicon Valley argues that the public market investors focus too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Restaurants are thinking outside the box to attract and retain talent. A report from TDn2K, a restaurant analytics firm, finds that employee vacancies are a major concern for...Restaurantsread more
Forty percent of customers will choose a center to shop at based solely on the food that's there, JLL found in a new study. And nearly 38% of people want healthy options when...Retailread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
The White House's press secretary said Tuesday that he doesn't know if President Donald Trump has seen a draft of the Republican Obamacare replacement bill, but he said Trump hopes the bill has "heart" in it.
At around the same time, Senate Majority Leader Mitch McConnell said a draft of the Senate's health-care bill will be released Thursday.
McConnell, (R-Ky.) also said a vote by the full Senate on the bill would happen after the Congressional Budget Office releases its analysis of the GOP's bill, possibly before the July 4th congressional recess.
"I expect to have a discussion draft on Thursday," McConnell said. "And we will go to the bill obviously once we get a CBO score, likely next week."
That CBO "score" will estimate how many more people are likely to not have health insurance if the bill becomes law, how individual health plan premium rates will be affected, and the bill's cost to the federal government.
Trump's possible ignorance of the text of that bill mirrors that of a number of Republican senators, who have not yet been shown copies of the draft, which was worked on in secret by a baker's dozen of their colleagues.
"Nor have I met any American that has," McCain reportedly said. "I'm sure the Russians have been able to hack in and gotten most of it."
Sen. Mike Lee, R-Utah, during a Facebook video stream, said, "I haven't seen it yet either, even though I've been a a member of this working group of Senate Republicans" originally put together to work on the bill.
"It isn't being written by us," Lee said. "It's apparently being written by a small group of staffers in the Senate leadership."
"I share your frustrations," Lee said in his message to constituents. "I share it wholeheartedly."
That unusal secrecy and plans for no committee hearings have angered Democrats and raised concerns that a quick vote on the bill will prevent enough opposition to it from being mounted among the public to prevent its passage.
On Tuesday, a trio of Democratic lawmakers traveled to to the CBO's offices in a futile, Facebook-live-streamed effort to see the draft of the bill.
A House version of the bill, which passed by just one yes vote, was projected by the CBO to lead to 23 million more uninsured people by 2026.
"I wouldn't want to compare it to the House bill," McConnell said Tuesday. "It will speak for itself."
The House bill is broadly unpopular with the public, multiple polls have shown.
At the White House, press secretary Sean Spicer said, "I don't know that," when asked if Trump had seen a draft of the Senate's bill.
"I know the president has been on the phone extensively with the leader [McConnell] and key senators," Spicer said. "I don't know that he's seen the legislation or not, but they've been working extremely hard and the president has been giving his input and his ideas and feedback."
"And he's very excited about where this thing is headed," Spicer said.
Spicer said he also didn't know if White House staff has seen the bill, but added that staff is working closely with the senate on the issue.
"I don't know where we are in terms of final plans," he said.
Spicer also was asked about a CNBC report that Trump had told major tech executives on Monday that the Senate bill "needs more heart."
The press secretary said, "The president clearly wants a bill that heart in it."
The Senate needs just 50 votes to pass the bill, assuming a tie would be broken by Vice President Mike Pence. The GOP has just 52 senators, which means the party can afford to lose just two votes among its caucus, because all Democrats and independent senators are expected to vote against the bill.
The bill is expected to significantly reform the way the federal government provides financial assistance to help people pay for individual health plans, and how the government funds Medicaid, the health coverage program for the poor.