While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
Home Depot shares, which are valued at $228.8 billion, are up more than 21% this year.Retailread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
Rep. Nancy Pelosi has all but ensured that she'll be elected House speaker in January by agreeing to limit how long she'd serve in the post to no more than four additional years.
The California Democrat says in a written statement Wednesday that she is "comfortable" with the plan. Moments after she released her statement, seven rebellious Democrats said they would now back her.
That essentially guaranteed she will be elected speaker when the full House votes for its leader on Jan. 3.
A small group of unhappy Democrats — potentially enough to thwart her drive to win the job — had been threatening to vote against her unless she agreed to limit her service. The group wants the party's aging leaders to step aside for a new generation.
Here's Pelosi's full statement:
House Democrats won a decisive victory in November, winning a historic majority of at least 40 seats by nearly 10 million votes.
Over the summer, I made it clear that I see myself as a bridge to the next generation of leaders, a recognition of my continuing responsibility to mentor and advance new Members into positions of power and responsibility in the House Democratic Caucus.
For some time, there have been a number of conversations to advance a proposal to institute term limits for senior leadership positions in our Caucus. This proposal, which was developed by Members who care about the institution of the House of Representatives, would provide that Members in senior leadership positions can serve 3 terms with an additional term with two-thirds support of the Caucus. It would include the two terms of the Democratic Majority from 2007 to 2011.
It is my understanding that Caucus Chair Hakeem Jeffries and incoming Rules Committee Chair Jim McGovern plan to bring up this proposal for a discussion and a vote by February 15th. I am comfortable with the proposal and it is my intention to abide by it whether it passes or not.