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Donald Trump, the President-elect, with Melania Trump at the Mar-a-Lago New Year's Eve party in 2016. Don Emmert/AFP via Getty Images President Donald Trump and First Lady Melania Trump are leaving his Mar-a-Lago club before its lavish New Year's Eve party. The couple made their decision known at short notice, announcing that they would instead see in the New Year from Washington, DC. CNN reported that some people have already arrived for the event, typically attended by hundreds. Tickets for past events have cost as much as $1,000. Visit Business Insider's homepage for more stories . President Donald Trump and First Lady Melania Trump decided at short notice to abandon his Mar-a-Lago club before its lavish New Year's Eve party. The couple recently changed their plans to spend the night of December 31 at the White House, and were scheduled to leave Florida at 11 a.m. that day. CNN's Kaitlan Collins and Kevin Liptak , citing three people familiar with th...

The SSC Tuatara. James Lipman/SSC North America SSC North America recently attempted a second record speed run of the $1.6-million Tuatara supercar after online viewers questioned the legitimacy of the first run. The second run took place at the NASA runway in Florida, according to Motor Authority , on December 12 and 13. Despite the car achieving a speed of 251.2 mph, the rest of the run had to be abandoned because two of the engine's cylinders weren't firing properly, likely due to overheating. A third record attempt is set for January. Visit Business Insider's homepage for more stories . Boutique carmaker SSC North America recently attempted a second record speed run with its Tuatara supercar after the internet lit up with questions about the legitimacy of the first run, which SSC claimed hit an average of 316 mph. In short, the second run failed to set a record. In full, there were issues with overheating, the engine wasn't firing right, and the owner...

Senate Majority Leader Mitch McConnell with President Donald Trump at the White House on March 27, 2020. JIM WATSON/AFP via Getty Images Senate Majority Leader Mitch McConnell rejected President Trump's push for $2,000 stimulus checks Wednesday, blocking a vote on the issue proposed by Democrats.  Trump is out of political options in his bid to have the sum bumped up from $600. He had delayed signing the spending bill authorizing the checks in an attempt to pressure Congress to increase the figure. But, faced with a looming government shutdown, he signed the bill on December 27. Without the threat of a veto, and with firm opposition from McConnell, Trump has nowhere to go. Visit Business Insider's homepage for more stories . The conflict between President Donald Trump and Senate Majority Leader Mitch McConnell escalated Wednesday, when McConnell effectively ended the president's bid to hike stimulus checks to $2,000.  McConnell appears to have outfoxed the pres...

Four people write the year 2020 with sparklers into the evening sky Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. It's the last day of 2020 and the markets are heading to the end of a blockbuster year, dominated by the coronavirus pandemic and epic financial market turbulence. But, with vaccines rolling out, the economy - and the markets - look like they might regain a more normal footing next year.  We've taken a look back at some of our very best features of the year for this "Best of 2020" edition of the newsletter, as well as some must-reads for what lies in store next year. We'd like to thank you for following the markets with us  in 2020 and wish you, and your families, a safe and happy New Year! We'll be back on January 4.  Some of the best of 2020: 1. We spoke with Wall Street's 9 best-performing fund managers. Here's how they crushed the chaotic market 2. How to...

General view of atmosphere during the NYSE opening bell ceremony at the New York Stock Exchange on December 15 Getty Images Small-cap stocks look set to deliver even bigger returns to investors in 2021, thanks to economic recovery at the hands of stimulus and vaccines, Bryn Mawr's Mills said. "From a relative value perspective, you're going to do well in small caps and I think the setup is just good for 2021," Mills told CNBC's 'Trading Nation'. Visit Business Insider's homepage for more stories . Small-cap stocks are set to deliver even bigger returns to investors in 2021, as a vaccine and a raft of stimulus help repair the damage to the economy from the coronavirus pandemic, Bryn Mawr chief investment officer Jeff Mills said on Wednesday. Mills, whose company has $2.4 billion in equity assets under management, according to Bloomberg data, told CNBC's Trading Nation the outperformance of small-cap stocks in 2020's record-breaking eq...

Boris Johnson's father Stanley. Getty Boris Johnson's father is applying for EU citizenship, he said on Thursday. Stanley Johnson said he wanted to remain a full European after Brexit. Britain is due to leave EU trade and customs rules on New Year's Day.  Visit Business Insider's homepage for more stories . Boris Johnson's father Stanley is applying for French citizenship in order to maintain his rights as a European after Brexit, he said on Thursday. "I will always be European that's for sure, he told RTL radio, according to Reuters. "One cannot tell the British people: you are not Europeans. Having a tie with the European Union is important."  Johnson added that "I am French. My mother was born in France, her mother was totally French as was her grandfather. So for me, it is about reclaiming what I already have. And that makes me very happy." The prime minister's father is a long-term pro-European and campaigned again...

A medical worker takes a swab sample from a resident to test for the COVID-19 coronavirus in Shenyang, in China's northeast Liaoning province on December 31, 2020. STR/AFP via Getty Images China has approved its first vaccine for domestic use. Conditional approval has been granted to a vaccine developed by state-controlled Sinopharm, which claims 79% efficacy, but has not published key details. China wants to vaccinate 50 million people by mid-February, the New York Times reported. Visit Business Insider's homepage for more stories . China has granted conditional approval to its first vaccine for general domestic use against COVID-19, though its rollout may be marred by questions over its efficacy and lack of data. The shot has been developed by state-controlled pharmaceutical firm Sinopharm, which claimed 79% efficacy for the vaccine on Wednesday. That is lower than Western vaccines developed by Pfizer/BioNTech and Moderna, which boast efficacy rates of 95% and 94% ...