S&P 500, Dow muted as virus cases rise, jobless claims weigh

World News - Thu, 2020-06-18 11:57
The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims.
Categories: News

IMF says deeper-than-expected contraction in U.S. economy likely in second quarter

World News - Thu, 2020-06-18 11:48
A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.
Categories: News

Atlanta officer says not 'state's witness' in Rayshard Brooks case, contradicting prosecutor

World News - Thu, 2020-06-18 11:45
Devin Brosnan, one of the two Atlanta police officers charged in the shooting death of Rayshard Brooks, has not agreed to be a witness for the prosecution, his lawyer said on Thursday, contradicting an assertion by the lead prosecutor on the case.
Categories: News

Democrats consider next steps after Bolton revelations on Trump

World News - Thu, 2020-06-18 11:42
Democratic lawmakers on Thursday said they were considering next steps, including a subpoena, on how to respond to allegations by former top White House aide John Bolton that President Donald Trump sought foreign help to get re-elected.
Categories: News

U.S. labor market recovery stalling; second wave of layoffs underway

World News - Thu, 2020-06-18 11:38
The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.
Categories: News

Trump: U.S. Supreme Court decisions 'horrible'

World News - Thu, 2020-06-18 11:29
President Donald Trump on Thursday railed against the U. S. Supreme Court's "horrible" decisions, seemingly referring to recent rulings that gay and transgender workers are protected under federal employment laws and blocking his bid to end legal protections for immigrants known as "Dreamers."
Categories: News

World stock markets slip on second wave virus fears, safe-havens rise

World News - Thu, 2020-06-18 11:25
Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.
Categories: News

U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease

World News - Thu, 2020-06-18 11:20
Retail foot traffic recovered to approach pre-lockdown levels last week and businesses appeared to bring more employees back to the job, according to data from firms that collect cellphone location information and manage employee time for companies.
Categories: News

Factbox: Who are the immigrant 'Dreamers' affected by the U.S. Supreme Court ruling?

World News - Thu, 2020-06-18 11:11
The U.S. Supreme Court ruled on Thursday that President Donald Trump's administration erred in ending a program that offered work permits and protection from deportation to hundreds of thousands of immigrants brought to the United States illegally as children, a group often called the "Dreamers."
Categories: News

Atlanta officer says not 'state's witness' in Rayshard Brooks case, contradicting prosecutor

World News - Thu, 2020-06-18 10:54
Devin Brosnan, one of two Atlanta police officers charged in the shooting death of Rayshard Brooks, has not agreed to be a witness for the prosecution, his lawyer told Reuters on Thursday, contradicting an assertion made by the lead prosecutor on the case.
Categories: News

U.S. lawmakers offer bill to block Trump from German troop withdrawal

World News - Thu, 2020-06-18 10:42
U.S. congressional Democrats introduced legislation on Thursday to block President Donald Trump's plan to remove 9,500 troops from close ally Germany by prohibiting funding for a withdrawal of U.S. forces from Europe without congressional approval.
Categories: News

U.S. senators unveil bill to curb foreign espionage, influence on campuses

World News - Thu, 2020-06-18 10:18
A bipartisan group of U.S. senators introduced legislation on Thursday aimed at protecting research and innovation on U.S. campuses and preventing suspected theft of intellectual property by China and other countries.
Categories: News

Europe threatens digital taxes without global deal, after U.S. quits talks

World News - Thu, 2020-06-18 09:37
The European Union said on Thursday it could impose taxes on digital giants such as Google , Amazon and Facebook even without a global agreement by the year-end, after Washington quit talks and stoked fears of a new trade war.
Categories: News

World stocks drift lower as second wave virus fears mount

World News - Thu, 2020-06-18 08:23
Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic comeback from the pandemic.
Categories: News

China finds heavy coronavirus traces in seafood, meat sections of Beijing food market

World News - Thu, 2020-06-18 08:12
China has found the trading sections for meat and seafood in Beijing's wholesale food market to be severely contaminated with the new coronavirus and suspects the area's low temperature and high humidity may have been contributing factors, officials said on Thursday.
Categories: News

Bolton says Trump unfit for office as book alleges sweeping misdeeds

World News - Thu, 2020-06-18 08:07
Donald Trump's former national security adviser John Bolton said the U.S. president is unfit for office, according to interview excerpts released on Thursday after portions of the top aide's upcoming book revealed a withering portrayal of his ex-boss.
Categories: News

From Damascus to Berlin: A Reuters journalist's quest for family reunion

World News - Thu, 2020-06-18 07:54
It was still dark in Damascus as I walked down the stairs, my new life contained in a red suitcase. My mother stood next to the taxi door praying for my safety. My father was silent, certain that he would never see me again.
Categories: News

Italy wants a global agreement on digital tax by end of 2020: Economy Minister

World News - Thu, 2020-06-18 07:33
Economy Minister Roberto Gualtieri said on Thursday Italy was still committed to a shared global deal on a tax on digital services, after the United States decided to quit global talks on how to tax sector giants.
Categories: News

Mother's Day sales uptick doesn't cover coronavirus downturn, Washington D.C. florist says

World News - Thu, 2020-06-18 07:32
Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.
Categories: News

Exclusive: Who's in charge at Nissan? COO's allies push to give him shared CEO role – sources

World News - Thu, 2020-06-18 07:27
Nissan's chief operating officer Ashwani Gupta helped engineer the troubled automaker's latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge.
Categories: News
Syndicate content