Here is what you need to know.
The House voted to avoid a government shutdown. The bill passed on a 230-to-197 vote, with 11 Republicans voting against the bill put forth by their own party’s leadership. The plan, however, could still crash and burn in the Senate before the Friday-night deadline.
An Italian antitrust agency opened an investigation into allegations that Apple and Samsung used software updates to slow phones. The watchdog said in a statement that the two companies had not told clients that the updates may have a negative impact on the performance of their phones, Reuters reports.
Snap reportedly laid off about 24 people across 8 teams, mostly in the unit that curates users’ videos. Some staff members have reportedly asked to be relocated to Los Angeles too.
Business Insider spoke with one of Wall Street’s best-performing portfolio managers last year, who revealed his investing secrets. His $US199 million Fifth Avenue Growth Fund smashed benchmarks in 2017 with a 40.6% return.
The dollar dips near 3-year lows amid fears of a US government shutdown. The greenback has already lost 2% in the early days of 2018, reflecting investor nervousness, Reuters reports.
Britain’s retail sector got crushed in December – and Black Friday is to blame. UK retail sales dropped 1.5% in the month compared with November, falling even more than the 1% drop forecast prior to the release.
Some cryptocurrency traders in South Korea took the bitcoin ‘bloodbath’ to a whole new level. Users on the country’s online community DC Inside displayed their frustrations by posting profanity-laced stories and uploading images of broken items that they said resulted from their anger over the valuations.
Stock markets around the world are stronger. China’s Shanghai Composite (+0.38%) climbed, while Germany’s DAX (+1.07%) surged. The S&P 500 is set to open up 0.3% near 2,804.
Earnings reports continue to be released. Citizens Financial Group, SunTrust, and Kansas City Southern are set to report before the market open.