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There's a ton of news today, so let's jump right in.
President Donald Trump sided with Democrats during a crucial meeting on the debt ceiling and other congressional priorities Wednesday, bucking his own Treasury secretary and leaving key members of his party furious.
According to a source briefed on the meeting, the two sides had come to a stalemate on the length of the debt ceiling extension. Trump interjected and sided with the Democrats, eventually sealing the deal with a three-month suspension of the limit, a three-month funding bill, and a package for Hurricane Harvey relief. Here's the latest:
After steamrolling several Caribbean islands, Hurricane Irma appears to be heading directly toward the Turks and Caicos islands, according to the latest forecast. After that, its path leads straight to South Florida, parts of which are under hurricane and storm-surge watches as of 11 a.m. ET Thursday. Here's the latest:
In finance news, the Bank of England has "significant concern" over the post-Brexit approval for Deutsche Bank's UK branch, according to a leaked document seen by Business Insider. Standard Chartered reportedly lost $400 million on risky loans to a cadre of diamond barons. And Lloyd Blankfein tweeted a picture of himself from his Harvard days.
Employees at Bridgewater, the world's largest hedge fund use iPads to rate each other's performance in real-time — see how it works. A couple of 30-something guys swapped high finance for farmland and now manage $575 million. And Steve Cohen's giant penthouse is now on sale for $57.5 million, half of its original price.
In deal news:
Here's what Wall Street analysts are talking about:
And in tech news:
Lastly, cconcierges at six world-renowned hotels told us the insane demands of super-rich guests.