(Reuters) – Wall Street’s main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies. The benchmark S&P 500 tallied its sixth straight week of gains, its longest such weekly streak in about…
Month: November 2019
Ford’s UAW members vote to ratify new four-year contract
DETROIT (Reuters) – The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker. FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10,…
Take Five: Fighting fires
(Reuters) – 1/ NOT SO FAST Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 13, 2019. REUTERS/Brendan McDermid How big a risk is a global economic recession? Recently, hopes of a fledgling growth turnaround were doused by data showing China’s factory output growth…
Nissan recalls nearly 400,00 vehicles over braking system defect
(Reuters) – Japan’s Nissan Motor Co Ltd (7201.T) has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire. FILE PHOTO: A Nissan logo is pictured at the Tokyo Motor Show, in Tokyo, Japan…
Microsoft to probe work of Israeli facial recognition startup it funded
(Reuters) – Microsoft Corp (MSFT.O) has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company said on Friday. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre…
Boeing says timing of 737 MAX return in hands of regulators
DUBAI (Reuters) – Boeing moved on Saturday to ease tensions with regulators over the return to service of its 737 MAX, saying it was up to the U.S. Federal Aviation Administration and its global counterparts to approve changes to the jet in the wake of two accidents. FILE PHOTO: Grounded Boeing 737…
U.S. to extend license for its companies to continue business with Huawei: sources
WASHINGTON (Reuters) – The Trump administration is set to issue a two-week extension of a license allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd, two sources familiar with the deliberations said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong…
UK’s Corbyn: Labour to exclude NHS, medicines from trade deals with U.S.
Britain’s opposition Labour Party leader Jeremy Corbyn holds a picture during a general election campaign event in Morecambe, Britain November 15, 2019. REUTERS/Andrew Yates (Reuters) – UK opposition leader Jeremy Corbyn said the Labour Party will exclude Britain’s National Health Service and medicines from trade deals with the United States, as he…
Fed’s Daly says low inflation presents opportunity
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir. BERKELEY, Calif. (Reuters) – Sluggish U.S. inflation means the Federal Reserve can keep borrowing costs where they are without much cost and with a lot of potential…
In Bolivia, Interim Leader Sets Conservative, Religious Tone
LA PAZ, Bolivia — The interim leader of Bolivia took power this week promising to unify a nation in turmoil. But she has since stacked her cabinet with conservative ministers and thrust religion to the forefront of government at the risk of deepening the divides. The leader, Jeanine Añez, also called on…
Protests Grip Iran Over Gas Prices Hike
DUBAI, United Arab Emirates — Protesters angered by Iran’s 50 percent increase of government-set gasoline prices blocked traffic in major cities and occasionally clashed with the police on Saturday, after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The protests put renewed pressure on…
‘Yellow Vest’ Anniversary Brings Fires, Tear Gas and Dwindled Crowds
PARIS — Clouds of tear gas covered a major square in southern Paris on Saturday as the police attempted to quell a “Yellow Vest” demonstration marking the movement’s anniversary. Protesters, some masked, threw paving stones and set trash cans on fire, while dozens of other demonstrators, a few wearing the yellow road-emergency…
U.S. charges another ex-JPMorgan executive with alleged market manipulation
NEW YORK (Reuters) – The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions. FILE PHOTO: A general view of the Department of Justice building is seen ahead of…
U.S. and China have significant differences ahead of trade talks Friday night
WASHINGTON (Reuters) – Top U.S. and Chinese negotiators are seeking to narrow differences on an initial trade agreement during a Friday evening phone call, but remain split on key issues. FILE PHOTO: U.S. Secretary of Commerce Wilbur Ross attends the 25th anniversary of the establishment of the American Chamber of Commerce in…
Exclusive: U.S. regulator rethinking changes to whistleblower program after backlash – sources
WASHINGTON/NEW YORK (Reuters) – The U.S. securities regulator is rethinking a proposal that could weaken a landmark whistleblower program after a pushback from whistleblower lawyers and advocates, people with knowledge of the deliberations told Reuters. FILE PHOTO: Jay Clayton, Chairman of the U.S. Securities and Exchange Commission, speaks at the Economic Club…
Twitter tightens bans on political ads and causes ahead of 2020 U.S. election
(Reuters) – Twitter Inc on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes. The popular social media site, which first announced its political ads ban last month, had not…
Factbox: How social media sites handle political ads
(Reuters) – Online platforms including Facebook and Alphabet Inc’s Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30,…