World News

Climate change, COVID-19 stoke wildfire's economic risk, Fed says

(Reuters) – Wildfires threaten the economy of the western United States to a greater extent than the rest of the country, and the coronavirus pandemic and climate change will only make that worse, according to research from the San Francisco Fed on Monday. Some 52% of economic output in Arizona, California, Idaho, Nevada, Oregon, Utah, […]

World News

China trades sanctions with U.S. over Uighur Muslims

BEIJING (Reuters) – China announced sanctions against U.S. officials including two senators on Monday in retaliation against Washington’s sanctions against senior Chinese officials over Beijing’s treatment of minority Uighur Muslims. Chinese foreign ministry spokeswoman Hua Chunying disclosed what she called “corresponding sanctions” against U.S. Senators Ted Cruz and Marco Rubio, U.S. Representative Chris Smith, Ambassador […]

Business

Futures recede as COVID-19 case tally hits another record

(Reuters) – U.S. stock index futures slipped on Friday as a record increase in coronavirus cases raised fears of another hit to Corporate America with several states delaying the easing of business restrictions. About 41 of the 50 U.S. states have reported an increase in COVID-19 cases over the last two weeks, while the country […]

Politics

Florida virus surge threatens Trump's convention plans

(Reuters) – As coronavirus cases surge in Florida, skepticism is growing that Republican National Convention organizers will be able to pull off the grand party President Donald Trump promised for his renomination. Wealthy donors are reluctant to bankroll an event besieged by uncertainty and possible bad optics if large crowds are later linked to a […]

World News

More migrants caught crossing U.S.-Mexico border despite pandemic restrictions

WASHINGTON (Reuters) – U.S. Border Patrol detained roughly 30,000 migrants attempting to cross the southwest border with Mexico in June, a 41% increase from the previous month, even as sweeping coronavirus-related border restrictions instituted by President Donald Trump remain in place. Roughly nine in 10 of those caught crossing the U.S.-Mexico border in June were […]

Business

Nasdaq ends at record high as Wall Street rises with tech shares

(Reuters) – U.S stocks rose on Wednesday and the Nasdaq hit a record closing high, supported by technology shares as early signs of an economic rebound offset concern about further lockdowns due to a jump in coronavirus cases across the country. Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O) provided the biggest boosts to the Dow […]

Business

Futures wobble as U.S. coronavirus cases top three million

(Reuters) – U.S. stock index futures ticked lower in choppy trading on Wednesday as investors stayed on the sidelines in the face of an alarming rise in coronavirus caseloads across the country that poses a risk to a recovery in business activity. The Nasdaq notched an intraday record high on Tuesday but all the three […]

World News

U.S. envoy plays down expectations for North Korea meet, but ready to talk

SEOUL (Reuters) – U.S. Deputy Secretary of State Stephen Biegun on Wednesday rejected reports that he was seeking to meet North Korean officials during a visit to South Korea this week but reiterated that Washington is open to resuming talks. The U.S. point man for North Korea, Biegun was in Seoul for meetings with South […]

Politics

Amy Kennedy gets Democratic nod to take on party-switcher Van Drew in U.S. House

WASHINGTON (Reuters) – Former schoolteacher Amy Kennedy won a Democratic primary in New Jersey on Tuesday to become the standard-bearer to take on U.S. Representative Jeff Van Drew, who last year switched parties to become a Republican, in the November election. Kennedy, who is married to former Congressman Patrick Kennedy, a member of the storied […]

World News

U.S. will restrict visas for some Chinese officials over Tibet: Pompeo

WASHINGTON (Reuters) – The United States will restrict visas for some Chinese officials because China obstructs travel to the Tibetan Autonomous Region and other Tibetan areas by U.S. diplomats, journalists and tourists, Secretary of State Mike Pompeo said on Tuesday. “Today I am announcing visa restrictions on PRC government and Chinese Communist Party officials determined […]