Business Insider (1309)

Chuck Schumer was on the verge of tears speaking about John McCain after Republicans' 'skinny repeal' bill failed

U.S. Senate TV/Handout via ReutersSenate Minority Leader Chuck Schumer was moved to near tears while speaking about Sen. John McCain early Friday morning after the Republican "skinny repeal" of Obamacare failed on the Senate floor. Schumer echoed the sentiments of Mitch McConnell, the Senate ...

MCCONNELL: 'It's time to move on'

CNNSenate Majority Leader Mitch McConnell on Friday said it was time to "move on," suggesting it was time to work with Democrats on healthcare after Senate Republicans suffered a stunning defeat in their effort to repeal and replace the Affordable Care Act. "The American people are going to regret ...

The Senate just killed the GOP's last-resort Obamacare repeal plan

Mark WilsonSenate Republican leaders early Friday suffered a stunning defeat in their plans to reshape the US healthcare system. In the wee hours of Friday morning, the Senate voted against a "skinny repeal" bill, which would have repealed certain aspects of the Affordable Care Act. If passed, it ...

The scientific reason you don't like LED bulbs β€” and the simple way to fix them

Mike Mozart/FlickrThere’s a handy trick for reading station signs that otherwise fly past in a blur as you travel in a high-speed train. Look at one side of the window and then immediately at the other side of the window. When you change your gaze, your eyes will automatically make a rapid ...

GOP HEALTHCARE DISASTER: 'SKINNY REPEAL' DIES AS MCCAIN VOTES NO

J. Scott Applewhite/AP ImagesSenate Republicans came out of 20 hours of debate with a stunning failure in their efforts to overhaul the US healthcare system — and Sen. John McCain cast a decisive vote. Early Friday morning, the Senate voted against a "skinny" plan to repeal the Affordable Care ...

Tensions are rising between the Trump administration and Alaska

Mark Wilson/Getty ImagesTrump's ire fell on Alaska Republican Lisa Murkowski, who on Tuesday voted "no" to moving a health care repeal bill to the Senate floor for debate. After the vote, Trump tweeted that Murkowski had let the country and her party down. Then, Interior Secretary Ryan Zinke ...

House leaders block Defense Department from buying uniforms for Afghan army

Rahmat Gul/APThe House on Thursday voted to block the Defense Department from buying Afghan army uniforms as part of its annual defense spending bill. The amendment, passed by voice vote without debate, would prohibit any 2018 funding to be used in the Pentagon's efforts to equip the Afghan National ...

Legendary investor Byron Wien says the stock market is entering uncharted territory

Since the start of the eight-year bull market, stock prices have closely tracked the size of the Federal Reserve's balance sheet. But that's quickly changing. While the Fed's balance sheet has stayed mostly unchanged in 2017, the S&P 500 has continued to climb, surging roughly 11% year-to-date. The ...

Chinese scientists beat Europe in creating the biggest virtual universe with the world's fastest computer

Chinese scientists have created the largest virtual universe on Sunway TaihuLight, the world's fastest computer, according to a lead researcher on the project. Experts said that China was learning to take full advantage of its raw calculation power, which had outpaced other nations in recent years, ...

How the CIA toppled Iranian democracy

APThe US and Iran have a complicated relationship. At the moment, it is tense, divisive and delicate. Just over 60 years ago, things were not that different. In 1953, the Central Intelligence Agency organized a coup to oust Iran's democratically elected prime minister, Muhammad Mossadegh. New ...

Here's where Texans in Congress stand on Trump's proposed transgender military ban

WASHINGTON — President Donald Trump set off even more confusion and chaos than usual at the U.S. Capitol this week with a series of tweets announcing he would ban transgender people from serving in the military. "After consultation with my generals and military experts, please be advised that ...

LIVE: The Senate is about to vote on the GOP's last-resort Obamacare repeal plan

Mark WilsonThe Senate is in its third day of a debate to reshape the US healthcare system. The debate has shifted toward a "skinny repeal" bill, which would repeal certain aspects of the Affordable Care Act. If passed, it could lead to the House and Senate working together to compromise on one final ...

HPE CEO Meg Whitman just publicly took herself out of the running to be Uber's new boss

Andrew Burton/Getty ImagesScratch one name off the list for Uber's CEO search. Meg Whitman, the CEO of HPE who has been reported to be among the final candidates in the running to lead Uber, said on Thursday that she is not planning to change jobs. "I am not going anywhere," Whitman tweeted, noting ...

Senate Republicans just released the text of their 'skinny repeal' bill β€” here's what's in it

Reuters/Aaron P. BernsteinThe Senate finally released the text to its "skinny repeal" plan on Thursday. Republican senators formed the last-ditch effort, called the "Health Care Freedom Act," after earlier votes on the Senate's healthcare plans failed. The Senate will vote on the plan at midnight ...

'A toxic prescription': America's largest group of doctors unloads on the GOP 'skinny bill'

Reuters/Aaron P. BernsteinThe Senate released the text to its "skinny repeal" plan on Thursday, and the biggest group of doctors in the US wasn't on board. The American Medical Association came out strongly against the Health Care Freedom Act on Thursday, calling it a "toxic prescription." "Action ...

Congressional Budget Office: 16 million Americans could lose health insurance by 2026 under Senate Republicans' 'skinny repeal' of Obamacare

ReutersThe nonpartisan Congressional Budget Office found that 16 million Americans could lose their health insurance by 2026 under Senate Republicans' Health Care Freedom Act, a bill that would repeal only some elements of Obamacare. The legislation would also result in premiums that are roughly 20% ...

One pending Michigan court case could prove to be an explosive test of religious liberty in the US

Thomson ReutersJULY 27, 2017 DETROIT — This fall, a United States district judge will hear a landmark case: For the first time, the federal government is pursuing a case of female genital mutilation on American soil. Defense lawyers have said they will argue a freedom of religion defense ...

Trial for two female suspects in Kim Jong Nam killing set for October 2

Thomson ReutersKUALA LUMPUR - The trial of two women accused of killing the estranged half brother of North Korea's leader will begin on October 2, Malaysia's High Court said on Friday. Indonesian Siti Aisyah, 25, and Doan Thi Huong, 28, from Vietnam, are charged with murdering Kim Jong Nam at Kuala ...

LIVE: Senate Republicans just got their first successful amendment vote, and it repeals Obamacare's 'Cadillac Tax'

Mark WilsonThe Senate is in its third day of a debate to reshape the US healthcare system. The debate has shifted toward a "skinny repeal" bill, which would repeal certain aspects of the Affordable Care Act. If passed, it could lead to the House and Senate working together to compromise on one final ...

Senate Republicans just released the text of their 'skinny repeal' bill β€” here's what's in it

Reuters/Aaron P. BernsteinThe Senate finally released the text to its "skinny repeal" plan on Thursday. Republican senators formed the last-ditch effort, called the "Health Care Freedom Act" after earlier votes on the Senate's repeal and replace plan, and a repeal without a replacement plan failed. ...

Scaramucci's regrets: 'I made a mistake in trusting in a reporter'

AP Photo/Pablo Martinez MonsivaisAnthony Scaramucci says he regrets talking with the reporter who published his expletive-filled rant about White House chief of staff Reince Priebus and so-called White House leakers. The incoming White House communications director sent a tweet Thursday night after ...

SESSIONS: 'I made the right decision' recusing myself from the Russia investigation

Kevin Lamarque/ReutersAttorney General Jeff Sessions remained adamant he "made the right decision" regarding his recusal from the ongoing Russia probe that has since cast a shadow over Donald Trump's presidency. Speaking to Fox News host Tucker Carlson on Thursday, Sessions said that he understood ...

House Speaker Paul Ryan says he's willing to bring the Senate GOP's bill to conference

Mark Wilson/Getty ImagesHouse Speaker Paul Ryan said he's willing to take Senate Republicans'"skinnier" attempt at repealing certain parts of the Affordable Care Act to conference. "If moving forward requires a conference committee, that is something the House is willing to do," he said in a ...

US orders diplomats' families to leave the Venezuelan capital

Thomson Reuters WASHINGTON — The United States is ordering relatives of American diplomats to leave the Venezuelan capital ahead of a polarizing vote planned for Sunday to start rewriting the country's constitution. The State Department says it's also allowing U.S. government workers to depart ...

The Falcons won't be able to open the roof on their new $1.6 billion stadium in time for their home opener

John Bazemore/AP Mercedes-Benz Stadium, the new home of the Atlanta Falcons, is set to open its doors to the public in less than a month, but thanks to construction delays, there is still much work to be done. The most significant effect of these setbacks will literally overshadow any action on the ...

The next big catalyst in the US oil export boom is coming

Andrew Burton/GettyThe Louisiana Offshore Oil Port plans to start exporting crude by early next year, in the latest indication there’s an oil export boom in the world’s top oil consumer. According to media reports citing an emailed LOOP statement, the private company operating the port ...

The government is worried that the IRS, which has all of your tax info, is too vulnerable to cyberattacks

Spencer Platt/Getty ImagesDespite some improvements, the Internal Revenue Service’s oversight and protection of sensitive tax collection documents and data continues to pose a threat to the government and U.S. taxpayers, according to a new report by the Government Accountability Office. The ...

LIVE: Senate Republicans start to push for a 'skinny repeal' in healthcare debate

Mark WilsonThe Senate is in its third day of a debate to reshape the US healthcare system. Senate Minority Leader Chuck Schumer ended the day Wednesday by calling the healthcare debate a "sham," pointing to the issue that it's not clear what bill will ultimately be voted on. Schumer said Democrats ...

Snap tried to turn big Investors into zombies β€” it didn't work

Thomson ReutersSnap Inc., the parent of Snapchat, was dealt another blow today. FTSE Russell, which owns numerous indices for stock markets around the world, including the US Russell 3000, 2000, and 1000 indices, said today that it would exclude Snap from its indices because of Snap’s share ...

Mexico's Sinaloa cartel has reportedly teamed up with a Romanian gang to ship drugs to the UK

Thomson Reuters A European branch of Mexico's Sinaloa cartel has formed an alliance with a Romanian criminal group in order to smuggle narcotics into the UK, The Times of London reports, citing Britain's National Crime Agency. According to The Times, the Sinaloa branch has linked up with a Romanian ...

The new US Foxconn factory will cost Wisconsin taxpayers at least $3 billion

Twitter/Tim CookWisconsin offered at least $3 billion in subsidies to iPhone supplier Foxconn to entice the Taiwanese company to build a flat panel screen plant, the Milwaukee Journal Sentinel reports. Foxconn, which makes screens for Apple products, plans to invest $10 billion in the ...

Amazon wants to continue testing grocery stores without human cashiers when it owns Whole Foods

Flickr/Jason WalshJust because Amazon will own Whole Foods, don't expect it to stop experimenting with its own cashier-less grocery stores and other grocery sales and delivery offerings. Even after Amazon completes its planned $13.7 billion purchase of Whole Foods, the online retail giants plans ...

Anthony Scaramucci lashed out at White House officials trying to 'save America' from Trump

Chip Somodevilla/Getty ImagesCuriously-worded comments by White House communications director Anthony Scaramucci on Thursday suggest a deepening rift between two factions in the Trump administration. "There are people inside the administration that think it is their job to save America from this ...

The House has passed a massive $788 billion budget to fund the Pentagon and a border wall

Reuters/Rick Wilking The House passed a $788 billion spending bill Thursday that combines a $1.6 billion down payment for President Donald Trump’s controversial border wall with Mexico with a whopping budget increase for the Pentagon. The 235-192 vote both eases a large backlog of ...

The Trump administration declared that a landmark federal law doesn't protect LGBT employees from workplace discrimination

Chip Somodevilla/Getty Images The Department of Justice filed a brief Wednesday night arguing that a landmark federal law does not prohibit discrimination based on sexual orientation. The filing occurred in a US Second Circuit Court case, Zarda v. Altitude Express. The case was first brought forward ...

Dropbox is preparing IPO documents with Goldman Sachs

Steve Jennings / Stringer / Getty ImagesDropbox is inching closer to an IPO and is currently working with Goldman Sachs on the paperwork for an offering, Bloomberg reports. The file hosting service, last valued at $10 billion in 2014, is close to hiring Goldman Sachs as a "lead adviser" for an ...

SCARAMUCCI: 'I sometimes use colorful language. I will refrain in this arena'

ReutersFollowing his expletive-laden phone call with New Yorker reporter Ryan Lizza on Wednesday night, White House communications director Anthony Scaramucci said on Twitter that he would hold back on using "colorful language" going forward. "I sometimes use colorful language," Scaramucci tweeted. ...

Bitcoin's rise is a self-fulfilling prophecy

Reuters/Bobby YipBitcoin has been on an unbelievable run. The cryptocurrency is up around 124 percent for 2017. And that’s after it gained 125 percent in 2016. In May alone, it’s up more than 60 percent. It’s hard to know what the long-term impact or performance will be, but one ...

Scaramucci says he wants to 'f-----g kill all the leakers' during unhinged phone call

APWhite House communications director Anthony Scaramucci is angry at staff members who he believes have been slowly crippling President Donald Trump's administration with damaging leaks, according to The New Yorker. "What I want to do is I want to f-----g kill all the leakers and I want to get the ...

Jeff Sessions: Trump's criticism 'hurtful' but 'he wants all of us to do our job'

Alex Wong/Getty ImagesAttorney General Jeff Sessions called President Donald Trump's weeklong rant against him 'hurtful,' but qualified his remark by noting that Trump's job entitled him to do so. Sessions addressed Trump's attack in an interview with Fox News' Tucker Carlson on Thursday night. ...

How millennials are changing the housing market

In the next five years, a whopping 66.1% of millennials are expecting to buy homes. That kind of demand from the largest generation in American history certainly doesn’t go unnoticed – and it’s enough that it will help to shape the direction of the real estate industry itself. ...

Viacom walked away from a potential $11 billion bid for Scripps β€” here are the companies it'd be better off buying

Viacom is unlikely to buy Scripps Networks, and that's a good thing. The beleaguered cable company needs to make a transformative, digital-centric move. The MTV-owner could instead steer billions toward companies like BuzzFeed, Spotify or even Roku. Up until late Wednesday it looked as though Viacom ...

'They'll all be fired by me': Scaramucci is hinting at a massive White House purge β€” and 'paranoid schizophrenic' Priebus is at the top of the list

Mark Wilson/Getty ImagesAnthony Scaramucci promised a massive White House purge in an expletive-laden interview with The New Yorker published Thursday. Scaramucci, the recently appointed White House communications director, unloaded to New Yorker reporter Ryan Lizza about White House chief of staff ...

GOP senators hold press conference to demand assurances that GOP health plan does not become law

APThe Senate Republican healthcare process descended into disarray Thursday evening, as four GOP senators threatened to withhold support for a more moderate, "skinnier" attempt at repealing certain parts of the Affordable Care Act. "I am not going to vote for the skinny bill if I'm not assured by ...

White House comms director Scaramucci: 'I'm not Steve Bannon, I'm not trying to suck my own c--k'

Thomson ReutersWhite House communications director Anthony Scaramucci slammed White House chief strategist Steve Bannon in a call with New Yorker reporter Ryan Lizza on Wednesday night. “I’m not Steve Bannon, I’m not trying to suck my own c--k ... I’m not trying to build my ...

Amazon has big plans to disrupt the payments industry

BI Intelligence This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. As Amazon prepares to report Q2 earnings today, all eyes will be on its growth in revenue and gross merchandise value metrics. But it's worth pointing out that ...

Sean Hannity responds to claim he ran up a $42,000 tab at Trump's hotel after flying in a 70-year-old lobster from Maine

ReutersFox News commentator Sean Hannity says a story about him spending thousands of dollars dining at the Trump Hotel in Washington, DC on inauguration weekend is "fake news." A waiter told GQ that Hannity ran up a $42,000 tab at the hotel's restaurant. According to the waiter, the huge check ...

6 tech gadgets that will beef up your home's security

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we get a share of the revenue from your purchase. Home security has been a hot spot for gadgets even before the internet shook the industry up a decade or so ago. The market is flooded with ...

SESSIONS SPEAKS: Will remain attorney general as long as Trump wants him to

Thomson ReutersWASHINGTON — Attorney General Jeff Sessions tells The Associated Press he'll continue to serve as long as President Donald Trump wants him to. Sessions told AP Thursday in El Salvador that Trump has every right to find another attorney general. He says: "I serve at the pleasure ...

The man once tasked with investigating Bill Clinton denounces Trump for treating Sessions like a 'piΓ±ata'

Associated Press/Michael Dwyer The former independent counsel who investigated former president Bill Clinton in the 1990s slammed President Donald Trump in a Washington Post op-ed Thursday for his "wildly inappropriate" public comments about Attorney General Jeff Sessions. Kenneth Starr, who also ...