Federal funding extended; disaster aid approved

House passes funding bill extending aid, avoids shutdown; excludes Trump’s debt-ceiling demand amid bipartisan support.

Published

1 year ago

December 21, 2024

ticker NEWS

House Speaker Mike Johnson’s latest proposal has gained significant traction, receiving strong backing from Democrats.

The bill was passed by a vote of 366 to 34, exceeding the required two-thirds majority.

It extends federal funding until March 14 and allocates over $100 billion for disaster relief, along with $10 billion aimed at supporting farmers.

Additionally, the proposal includes a one-year extension of the farm bill, essential for U.S. food and agriculture policy.

U.S. House PASSES government funding bill, 366-34.

Goes now to the U.S. Senate. pic.twitter.com/ZPCtxBbfml

— CSPAN (@cspan) December 20, 2024

New deadline

Lawmakers face a deadline to pass a spending bill by midnight Friday to prevent a government shutdown.

GOP members plan to address the debt ceiling and spending cuts next year, but have opted not to act on it before then.

President-elect Donald Trump has called for an immediate vote to increase the borrowing cap, but his request was not included in this proposal.

Johnson expressed confidence, stating, “We will not have a government shutdown.”

The bill must still be approved by the Senate and signed by President Biden, with the timeline for Senate action currently uncertain.

House Republicans shifted their strategy after a previous bipartisan plan was undermined by Trump and Elon Musk, leading to the rejection of a reduced proposal the following night.

AI fears rattle global markets and investors

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Published

3 hours ago

February 16, 2026

Harvey Vargas

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Global stock markets are experiencing heightened volatility as concerns about AI disruption sweep across industries. Investors are closely monitoring which sectors could be most affected as the technology continues to evolve.

Recent announcements from major US AI companies sent waves through international markets, highlighting the interconnected nature of global finance and technology. European software giants such as Dassault Systèmes and RELX saw significant declines, underscoring the global reach of AI developments.

UBS analysts warn that the impact of AI disruption could intensify in 2026 and 2027, with potential ramifications for a wide range of sectors.

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Money

U.S. stocks falling amid AI worries and weak earnings

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

Published

3 days ago

February 13, 2026

Harvey Vargas

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

U.S. stocks are tumbling as investors grow concerned over AI profitability and disappointing earnings. Defensive sectors are attracting attention ahead of the upcoming CPI report, while market participants are carefully watching how tech-heavy AI stocks are influencing broader indices. Steve Gopalan from SkandaFX notes that these factors are shaping market sentiment.

For traders, commodities like gold and oil are also playing a role in sentiment, providing hedges amid market uncertainty. The January jobs report and unemployment data are adding further context, with potential implications for Federal Reserve policy.

Market expectations for rate cuts are shifting as investors weigh economic indicators against global market dynamics. Traders are also eyeing currency movements, including the Australian Dollar and Japanese yen, for signs of broader economic trends.

Money

Wall Street tumbles as tech stocks face AI disruption fears

Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.

Published

3 days ago

February 13, 2026

Harvey Vargas

Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.

Wall Street took a sharp hit as tech stocks plummeted amid growing investor anxiety over artificial intelligence. Markets reacted strongly to uncertainty about how AI could disrupt major sectors, leaving investors on edge. Kyle Rodda from Capital.com explains why investors are nervous about what’s ahead.

Cisco Systems’ quarterly results added to the market jitters, while defensive sectors gained attention as investors sought safer bets. Analysts describe 2026 as a ‘prove it’ year for AI, with companies needing to demonstrate real returns on their ambitious investments.

The January Consumer Price Index report and rising concerns over AI’s impact on transportation companies further weighed on sentiment. Investors are now closely watching major tech firms for signals on how AI spending will shape future market performance.

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