Government shutdown: Republicans consider escape hatch as Congress careens toward deadline

Government shutdown: Republicans consider escape hatch as Congress careens toward deadline

U.S. Senate Majority Leader John Thune, R-S.D., is followed by reporters as he walks to the Senate Chambers in the U.S. Capitol in Washington, Jan. 27, 2026. Anna Moneymaker | Getty Images Republican senators appear to be opening the door to preventing a partial government shutdown as the chamber prepares to start voting on a … Read more

‘ICE is not a law unto itself,’ Minnesota judge says after immigrant released following contempt threat

‘ICE is not a law unto itself,’ Minnesota judge says after immigrant released following contempt threat

Todd Lyons, acting director of Immigration and Customs Enforcement, speaks during a press conference about “Operation Midway Blitz,” an immigration enforcement campaign, at a hangar in Gary, Indiana, Oct. 30, 2025. Leah Millis | Reuters A top Minnesota federal court judge on Wednesday blasted the U.S. Immigration and Customs Enforcement agency for violating nearly 100 … Read more

Meta shares jump 10% on stronger-than-expected revenue forecast

Meta shares jump 10% on stronger-than-expected revenue forecast

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta reported fourth-quarter earnings on Wednesday that topped estimates and issued stronger-than-expected sales guidance. The stock popped as much … Read more

S&P 500 touches record 7,000 level, but gain fades as Fed keeps rates on hold: Live updates

S&P 500 touches record 7,000 level, but gain fades as Fed keeps rates on hold: Live updates

A television station broadcasts the Federal Reserve’s decision to hold rates after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026. Bloomberg | Bloomberg | Getty Images The S&P 500 reached a milestone level on Wednesday, hitting 7,000 … Read more

Trump lowered ‘temperature’ on Minnesota, wants to avoid shutdown: Bessent

Trump lowered ‘temperature’ on Minnesota, wants to avoid shutdown: Bessent

President Donald Trump has “brought down the temperature” on Minnesota, the site of major civil unrest over aggressive federal immigration efforts, Treasury Secretary Scott Bessent said Wednesday. Trump is “urging” Congress to take action to avoid triggering a partial government shutdown amid disputes over federal funding for the Department of Homeland Security, Bessent told CNBC’s … Read more

Southwest ends open seating after 54 years. Here’s what the last flight was like

Southwest ends open seating after 54 years. Here’s what the last flight was like

OVER THE PACIFIC OCEAN — The 112 passengers on this Southwest Airlines red-eye flight from Honolulu to Los Angeles were the last in the airline’s more than 54-year history to scramble for a seat on board. Before dawn on Tuesday, Southwest ended its quirky (or anxiety-inducing, depending on the traveler) open-seating policy in favor of … Read more

New York Mayor Mamdani says city must hike taxes on rich to fill $12 billion deficit

New York Mayor Mamdani says city must hike taxes on rich to fill  billion deficit

New York Mayor Zohran Mamdani on Wednesday said the city’s wealthiest must pay more in taxes to help fill the staggering $12 billion budget deficit he was left by his predecessors. Mamdani, in an interview on CNBC’s “Squawk Box” with Andrew Ross Sorkin at City Hall, said his administration will be up front with New … Read more

SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat

SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat

Signage at the SK Hynix Inc. booth at the China International Import Expo (CIIE) in Shanghai, China, on Thursday, Nov. 6, 2025. The expo runs through Nov. 10. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix on Wednesday reported record full-year profit for 2025, more than doubling … Read more

Airbus, AstraZeneca and HSBC executives join UK’s Starmer on high-stakes China trip

Airbus, AstraZeneca and HSBC executives join UK’s Starmer on high-stakes China trip

British Prime Minister Keir Starmer at Downing Street on January 27, 2026 in London, England. Jack Taylor | Getty Images News | Getty Images BEIJING — Nearly 60 British businesses and cultural organizations will join U.K. Prime Minister Keir Starmer on his trip to China this week, the first such state visit in eight years. … Read more

Blockbuster social media trial kicks off, with more to come this year

Blockbuster social media trial kicks off, with more to come this year

A landmark case against social media giants Meta, Alphabet’s YouTube and TikTok is set to begin Tuesday in Los Angeles Superior Court.  It’s the first of several high-profile legal cases kicking off in 2026 that center on allegations that the companies misled the public about the safety of their apps despite knowing that certain design … Read more