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  • US has 501,000 fewer jobs than first reported

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    Wed, 21 Aug 2019 11:38:54 -0400
  • Trial starts in case of fatal shooting over parking spot

    Golocal247.com news

    A prosecutor told jurors Wednesday that a white Florida man who fatally shot an unarmed black man during a dispute over a parking space had initiated a similar confrontation just months before, while his defense attorney said the shooting was in self-defense. Prosecutor Fred Schaub said during opening statements of Michael Drejka's manslaughter trial in Clearwater that five months before he fatally shot Markeis McGlockton in July 2018, the defendant had threatened another driver about parking in a handicapped parking spot at the same convenience store. Five months later, Drejka confronted McGlockton's girlfriend for parking in a handicapped space.

    Wed, 21 Aug 2019 11:33:46 -0400
  • Oklahoma judge to rule on Monday in opioid lawsuit against J&J

    Golocal247.com news

    Judge Thad Balkman in Norman, Oklahoma, will deliver his decision from the bench after presiding over the first trial to result from thousands of lawsuits by state and local governments against opioid manufacturers and distributors, the court said. Opioids were involved in almost 400,000 overdose deaths from 1999 to 2017, according to the U.S. Centers for Disease Control and Prevention. Since 2000, some 6,000 Oklahomans have died from opioid overdoses, according to the state's lawyers.

    Wed, 21 Aug 2019 11:33:04 -0400
  • Newark man faces child sex charges; mummified remains found

    Police responding to a call about child sexual abuse say they found mummified remains and an altar to a deity in the home of a man who is now facing charges. Robert Williams is due for an initial court appearance Friday. According to the Essex County prosecutor's office, Newark police investigated after receiving reports that the 53-year-old Williams had been abusing a 13-year-old child for several months.

    Wed, 21 Aug 2019 11:32:14 -0400
  • US STOCKS-Target, Lowe's earnings drive Wall Street higher

    U.S. stocks advanced on Wednesday following upbeat earnings from retailers Lowe's and Target that reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of future rate cuts. Big-box retailer Target Corp surged 18.2%, the most on the S&P 500 index, after it beat quarterly profit estimates and raised its annual earnings forecast.

    Wed, 21 Aug 2019 11:31:55 -0400
  • Ex-Philadelphia Police Chief Ross: Resignation was voluntary

    Golocal247.com news

    Former Philadelphia Police Commissioner Richard Ross says his abrupt resignation was completely voluntary. Speaking outside police headquarters Wednesday, Ross says his love for the city compelled him to make a decision that was bigger than him. One woman said Ross ignored her reports of sexual harassment because she broke off an affair with Ross.

    Wed, 21 Aug 2019 11:28:14 -0400
  • Shootings raise level of alarm at small businesses

    Golocal247.com news

    At a four-hour meeting last month, Michelle Abdow's staffers got to experience some of the sights, sounds and even smells they could encounter if someone invaded their office and began shooting. Security experts and local law enforcement officers gave Abdow's 23 staffers active shooter training — explaining what could happen and what they could do to remain safe during a shooting at their company, public relations firm Market Mentors. The visitors acted out scenarios that helped staffers understand what a real shooting might be like.

    Wed, 21 Aug 2019 11:27:39 -0400
  • Prosecutor probes possible hate crime in synagogue shooting

    Prosecutors are investigating to determine whether hate crime charges are warranted in the shooting of a 68-year-old man outside a North Miami Beach synagogue. Miami-Dade police arrested Carlints St. Louis, 30, on Tuesday, a day after he reported his gun stolen from a car spotted outside the synagogue. "Acts of violence will not be tolerated in our community, particularly in sacred places of worship," Miami-Dade State Attorney Katherine Fernandez Rundle said in a statement on Wednesday.

    Wed, 21 Aug 2019 11:21:23 -0400
  • North Macedonia's special crime prosecutor arrested in alleged extortion scandal

    North Macedonia's special prosecutor for organised crime was arrested on Wednesday on suspicion of offering leniency in exchange for cash to a businessman after her office indicted him for corruption, the public prosecutor said. Special Prosecutor for Organised Crime Katica Janeva offered her resignation last month after local papers reported her alleged involvement in extorting well-known businessman Orce Kamcev. Janeva has denied any wrongdoing.

    Wed, 21 Aug 2019 11:20:46 -0400
  • 4 students shot at block party near Clark Atlanta University

    Golocal247.com news

    Four college students were wounded when a gunman opened fire into a crowd of 200 people outside a library near Clark Atlanta University and then escaped in the chaos, authorities said. None of their injuries were life-threatening, Atlanta police said. The four students were shot outside a library that serves Clark Atlanta and other nearby historically black colleges.

    Wed, 21 Aug 2019 11:19:23 -0400
  • INTERVIEW-Lebanon sees high chances of offshore discovery, reforms on track-minister

    Lebanon has high chances of making an offshore energy discovery once drilling gets underway from November or December and its second licencing round is receiving lots of interest, the minister of energy and water said on Wednesday. Nada Boustani also said plans to reform the electricity sector, which bleeds state funds while inflicting daily power cuts on Lebanese, were on schedule and expressed hope a regulatory authority would be established soon. Boustani's ministry is a focal point of government efforts to reform an economy struggling with one of the world's heaviest public debt burdens and years of low economic growth.

    Wed, 21 Aug 2019 11:14:01 -0400
  • Denmark 'disappointed and surprised' by Trump trip cancellation over Greenland

    Golocal247.com news

    Danish Prime Minister Mette Frederiksen said the president could still come, though, telling reporters in the capital, Copenhagen, that "the invitation for a stronger strategic cooperation with the Americans in the Arctic is still open," the Associated Press reported. The White House had said that Trump would travel to Denmark and Poland over the Labor Day weekend, but Trump wrote in a tweet Tuesday night that he would postpone the Denmark leg after the Frederiksen dismissed his suggestion that the United States was interested in purchasing Greenland.

    Wed, 21 Aug 2019 11:13:00 -0400
  • 'Stranger Things' star Millie Bobby Brown is launching her own vegan makeup line

    Golocal247.com news

    'Stranger Things' star Millie Bobby Brown is launching her own vegan makeup line originally appeared on goodmorningamerica.comMillie Bobby Brown is launching her own vegan makeup line called Florence by Mills.The "Stranger Things" star announced the new line by posting a video about it on Instagram."Every young person deserves to have a good start with their skin. I want it to be vegan, clean, cruelty-free, that would be easy to get, and fun to use, and still useful but, you know, playing that sophisticated teenager as well," Brown said in the clip. ...

    Wed, 21 Aug 2019 11:09:29 -0400
  • The Latest: France says no-deal Brexit is central scenario

    Golocal247.com news

    A French diplomat says Britain's no-deal exit from the European Union at the end of October now is the central scenario. The diplomat, speaking anonymously in accordance with the French presidency's customary practices, said the EU will continue discussions with Britain's Prime Minister Boris Johnson but will remain firm on its lines of negotiation: protecting the European single market and preserving peace and stability in Ireland. Johnson wants to scrap a contentious clause designed to prevent the return of checks along the Irish border, which London says could leave Britain tied to the bloc indefinitely.

    Wed, 21 Aug 2019 11:08:10 -0400
  • Maui explores expanding ban on commercial beach activities

    Maui County Mayor Michael Victorino is looking to ban commercial activities at all beach parks on Sundays and holidays. Victorino plans to ask the Maui County Council to consider changes to Commercial Ocean Recreational Activities permits, prohibiting activities like surfing lessons, scuba tours and snorkeling and kite boarding instruction on those days, The Maui News reported Tuesday.

    Wed, 21 Aug 2019 11:07:40 -0400
  • UPDATE 1-U.S. imposes sanctions on three Chinese accused of fentanyl trafficking

    The U.S. Treasury on Wednesday imposed sanctions on three Chinese men accused of illegally trafficking fentanyl, acting three weeks after President Donald Trump accused Beijing of reneging on pledges to stem a flood of the highly addictive synthetic opioid into the United States. The trio included a father and son indicted in Ohio last year on charges of producing and smuggling fentanyl and fentanyl-related substances. The United States had pressed China to arrest Fujing Zheng and his father, Guanghua Zheng, and Xiaobing Yan since their indictments.

    Wed, 21 Aug 2019 11:06:10 -0400
  • Tiny Nevada town near secretive Area 51 braces for alien hunters

    Golocal247.com news

    Connie West, co-owner of an alien-themed motel in the tiny U.S. desert outpost of Rachel, Nevada, believes they are coming no matter what. A whimsical invitation on Facebook has urged UFO enthusiasts to gather on Sept. 20 and "storm" nearby Area 51, a U.S. military base long rumored to house extraterrestrials and spaceships. More than 2 million Facebook users have said they plan to go.

    Wed, 21 Aug 2019 11:03:04 -0400
  • Uganda, Rwanda presidents agree to cease hostilities

    The leaders of Uganda and Rwanda have agreed to re-open their border following a summit mediated in Angola. Rwanda closed its main border crossing with Uganda in February as authorities there urged against travel to Uganda, claiming that Rwandan citizens were not safe across the border. Rwandan authorities also accused Uganda of backing a Rwandan tycoon with businesses in Uganda who opposes Kagame.

    Wed, 21 Aug 2019 10:56:18 -0400
  • 2 rescued after plane ditches in ocean near San Francisco

    An aerial photo shoot off the Northern California coast turned into a rescue drama when one of two small aircraft flying together malfunctioned and the pilot ditched it into the ocean. The single-engine Beechcraft Bonanza propeller plane went down Tuesday evening in Half Moon Bay, south of San Francisco. The pilot of the second plane quickly reported the crash to the Coast Guard and circled overhead.

    Wed, 21 Aug 2019 10:54:38 -0400
  • UPDATE 3-Italy's PD opens door to possible 5-Star govt, sets conditions

    Italy's main opposition party said on Wednesday it was ready to hold talks with the anti-establishment 5-Star Movement over forming a government following the collapse of the previous, populist coalition. Nicola Zingaretti, the head of the centre-left Democratic Party (PD), said he wanted to explore the possibility of sharing power with 5-Star for the final three years of the legislature. Seeking to find a way out of a political crisis triggered by the resignation of Prime Minister Giuseppe Conte, President Sergio Mattarella kicked off two days of consultations with various party leaders.

    Wed, 21 Aug 2019 10:49:00 -0400
  • Cops boost traffic enforcement near Hawaii telescope protest

    Police have issued about 100 tickets daily since last week for parking and traffic violations near the site of a protest against the construction of another telescope on Hawaii's tallest mountain. Big Island officers are not targeting protesters of the Thirty Meter Telescope project on Mauna Kea, but are increasing enforcement to maintain safety, police Maj. Sam Jelsma told the Honolulu Star-Advertiser . "There is increased traffic up here due to the protest movement," Jelsma said.

    Wed, 21 Aug 2019 10:49:00 -0400
  • UPDATE 1-France now sees 'no deal' as baseline Brexit scenario - Elysee source

    France believes 'no-deal' is now the most likely Brexit scenario after British Prime Minister Boris Johnson demanded the European Union reopen the divorce deal and drop the Irish backstop, an official in President Macron's office said on Wednesday. Johnson said on Tuesday that the backstop - an insurance policy to keep the Irish border open after Britain leaves the European Union - was "anti-democratic", and demanded its removal from the stalled divorce deal. Johnson, a Brexiteer who entered No. 10 Downing Street a month ago, hopes the threat of 'no-deal' Brexit turmoil will persuade European leaders that the EU should do a last-minute divorce deal to suit his demands.

    Wed, 21 Aug 2019 10:46:56 -0400
  • UPDATE 1-Trump sparks backlash by accusing Jews who vote for Democrats of 'great disloyalty'

    Democratic presidential candidates and U.S. Jewish groups condemned President Donald Trump's remarks accusing American Jews who vote for Democrats of "great disloyalty," while the Republican leader went on the defensive on Wednesday. Critics said Trump's comments on Tuesday echoed an anti-Semitic trope accusing American Jews of dual loyalties to the United States and Israel.

    Wed, 21 Aug 2019 10:45:10 -0400
  • UPDATE 1-Parkland massacre survivors post sweeping U.S. gun-control plan ahead of 2020 election

    Survivors of the Parkland, Florida, high school massacre on Wednesday released a sweeping gun-control plan that would ban assault-style rifles and take other steps in hopes of halving U.S. firearms deaths and injuries within a decade. The group's leaders addressed the proposal, which includes a measure to register more young voters, to 2020 candidates seeking the presidential nomination, asking them to make gun control a top priority. The former Marjory Stoneman Douglas High School students have worked to inspire a sense of urgency about gun violence since they started the national campaign "March for Our Lives" after a former student massacred 17 people with an assault rifle at their high school on Feb. 14, 2018.

    Wed, 21 Aug 2019 10:44:49 -0400
  • U.S. markets regulator proposes new guidelines on shareholder advisers

    Golocal247.com news

    The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity. The guidance, which expands previous 2014 guidance on voting in corporate ballots, addresses some of the grievances U.S. corporations have long had about so-called proxy advisers, such as mistakes in reports the advisers issue on specific companies and conflicts of interest in their business models. Proxy advisers recommend how investors should vote in corporate elections and cast ballots on behalf of some asset managers.

    Wed, 21 Aug 2019 10:43:42 -0400
  • Sterling weakens ahead of Johnson, Merkel meeting

    The pound on Wednesday gave back some of the previous day's gains as investors took little heart from hints by German Chancellor Angela Merkel that there might be room for negotiation over Brexit as prospects of a no deal loom. British Prime Minister Boris Johnson is due to meet Merkel on Wednesday ahead of a G7 meeting and is expected to tell her that unless she agrees to changes, Britain will leave the European Union on Oct. 31 without a transitional agreement. Merkel said on Tuesday that she was open to "practical solutions" to the Irish backstop - or border insurance policy - which Johnson says is unacceptable but that the Withdrawal Agreement was not to be reopened.

    Wed, 21 Aug 2019 10:41:19 -0400
  • Flights canceled due to strike at Kosovo's Pristina airport

    A short strike at the Pristina International Airport has caused the cancellation of some flights and delays of others. Some 500 of the airport's 720 employees staged the 6-hour strike Wednesday to press their demands for higher pay, according to Bashkim Latifi of their trade union. It was not immediately clear exactly how many flights had been cancelled, and neither the airport's spokesman nor its public relations office answered the telephone.

    Wed, 21 Aug 2019 10:37:56 -0400
  • FACTBOX-Greenland for sale? Why Trump's bid fell through

    President Donald Trump's proposal for the United States to buy Greenland from Denmark has met with surprise and a sharp rebuff from Copenhagen, with Prime Minister Mette Frederiksen calling the idea "absurd". Stung by the rejection, Trump scrapped a Sept. 2-3 visit to Denmark, a NATO ally of Washington. Following is an outline of Greenland's attractions to the United States and big power rivals, and the obstacles to any sale of the vast Arctic territory, the world's largest island.

    Wed, 21 Aug 2019 10:35:46 -0400
  • U.S. imposes sanctions on three Chinese accused of fentanyl trafficking

    The U.S. Treasury on Wednesday imposed sanctions on three Chinese men accused of illegally trafficking fentanyl, acting three weeks after President Donald Trump accused Beijing of reneging on pledges to stem a flood of the highly addictive synthetic opioid into the United States. The trio included a father and son indicted in Ohio last year on charges of producing and smuggling fentanyl and fentanyl-related substances. The United States had pressed China to arrest Fujing Zheng and his father, Guanghua Zheng, and Xiaobing Yan since their indictments.

    Wed, 21 Aug 2019 10:35:38 -0400
  • Germany sells long bond at negative rate amid growth fears

    Golocal247.com news

    The German government sold 30-year bonds at a negative interest rate in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way. The sale adds to the piles of negative-yielding bonds currently held by investors, indicating they expect growth and inflation to be subpar in coming years. Bond interest yields have also fallen as expectations grow that the European Central Bank and the U.S. Fed will launch more stimulus.

    Wed, 21 Aug 2019 10:35:10 -0400
  • Arkansas man gets life in prison for death of estranged wife

    An Arkansas man has been sentenced to life in prison without parole after pleading guilty Tuesday to capital murder for the stabbing death of his estranged wife, which was captured on surveillance video. Prosecutors say 44-year-old Rick Headley went to a store on March 13, 2018, in Mountain Home where his estranged wife, Kirstie Headley, worked and dragged her out of the building. According to court records, Headley then stabbed his wife several times, and the attack was recorded by the store's surveillance cameras.

    Wed, 21 Aug 2019 10:34:48 -0400
  • UPDATE 1-Fitbit eyes 1 mln new users in Singapore health scheme

    Fitbit Inc has won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country's citizens as part of a health initiative that begins in October. The deal, which involves the company supplying its trackers free of charge but on the condition that users will spend 10 Singapore dollars per month for a year, sent the company's shares 8% higher in premarket trading. "This is Fitbit's first major integration of a digital health platform and wearables into a national public health program globally," the company said.

    Wed, 21 Aug 2019 10:32:07 -0400
  • CORRECTED-WRAPUP 1-U.S. home sales jump, boosted by lower mortgage rates

    U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy. A separate report released by the Labor Department on Wednesday suggested the level of employment in the country was slightly lower than previously estimated, taking a bit of the shine off the labor market. Despite headwinds from a global economic slowdown, the U.S. housing market appears to be strengthening.

    Wed, 21 Aug 2019 10:31:53 -0400
  • Stena Impero owner met Iran's Zarif to urge release of UK-flagged ship

    The owner of a British-flagged tanker detained in Iran has met the country's foreign minister, Mohammad Javad Zarif, to make the case for the ship and its crew to be released. Erik Hanell, chief executive of Stena Bulk, met Zarif in Stockholm on Aug. 20 to ask for the Stena Impero to be released. "It was important for us to emphasize the importance of the release of the 23 crew ... Also for the release of the Swedish owned vessel Stena Impero.

    Wed, 21 Aug 2019 10:30:49 -0400
  • The Latest: Defense says parking spot shooting was justified

    Golocal247.com news

    A defense attorney told jurors a Florida man who fatally shot an unarmed black man during a dispute over a parking space was justified and acting in self-defense. Defense Attorney Bryant Camareno said Wednesday during opening statements of Michael Drejka's manslaughter trial that the defendant felt he was in danger when he fatally shot Markeis McGlockton in July 2018 outside a Clearwater convenience store. Prosecutors say Drejka confronted McGlockton's girlfriend for parking in a handicapped space.

    Wed, 21 Aug 2019 10:30:45 -0400
  • U.S. imposes sanctions on three Chinese accused of fentanyl trafficking

    The U.S. Treasury on Wednesday imposed sanctions on three Chinese men accused of illegally trafficking fentanyl, acting three weeks after President Donald Trump accused Beijing of reneging on pledges to stem a flood of the highly addictive synthetic opioid into the United States. The trio included a father and son indicted in Ohio last year on charges of producing and smuggling fentanyl and fentanyl-related substances. The United States had pressed China to arrest Fujing Zheng and his father, Guanghua Zheng, and Xiaobing Yan since their indictments.

    Wed, 21 Aug 2019 10:30:00 -0400
  • UPDATE 1-Child migrants to be held in detention longer under new Trump administration rule

    The Trump administration on Wednesday unveiled new rules that would allow officials to detain migrant families indefinitely while judges consider whether to grant them asylum in the United States. The rules, which are certain to draw a legal challenge, would replace a 1997 legal agreement that limits the amount of time U.S. immigration authorities can detain migrant children. Administration officials blame the so-called Flores Settlement Agreement for a spike in immigration, especially of Central American families, saying it encourages migrants to bring children with them so they can be released into the United States while their court cases are pending.

    Wed, 21 Aug 2019 10:28:30 -0400
  • UPDATE 1-Leaders of Rwanda and Uganda sign pact in bid to end tension

    The presidents of Rwanda and Uganda signed a pact on Wednesday in Angola's capital aimed at ending a long-running rivalry that has resulted in their busiest border crossing being closed for six months. The signing in Luanda was witnessed by the presidents of Angola and the Democratic Republic of Congo, the Rwandan and Ugandan presidencies both tweeted. Rwanda and Uganda fought each other in neighbouring Congo in the early 2000s, and relations between the two countries and their strongman presidents - Paul Kagame and Yoweri Museveni - have remained tense.

    Wed, 21 Aug 2019 10:28:10 -0400
  • Czech president backs new culture minister nominee, defusing gov't crisis

    Czech President Milos Zeman on Wednesday backed the new nominee for culture minister from the junior party in the ruling coalition, defusing a political crisis that had threatened to topple the government. The Social Democrats earlier nominated Lubomir Zaoralek, a former foreign minister and lower house of parliament speaker, to head the Culture Ministry, after Zeman last week rejected their previous nominee for the post.

    Wed, 21 Aug 2019 10:25:07 -0400
  • Man films his own dramatic plane crash and helicopter rescue off California coast

    Golocal247.com news

    Two people are lucky to be alive after their plane lost power and went down in Half Moon Bay off the coast of California on Tuesday – and they caught the entire dramatic ordeal on tape. David Lesh, 34, and his friend Kayla were visiting San Francisco from Denver to do an air-to-air photo shoot of Lesh's new Beechcraft Bonanza aircraft he had purchased only a few weeks ago, according to San Francisco's ABC television station, KGO-TV.

    Wed, 21 Aug 2019 10:22:57 -0400
  • Suspected jihadists kill five Malian troops in ambush

    Suspected jihadists killed five Malian soldiers on Wednesday in an ambush in the West African country's volatile centre, the army said, the latest in a string of attacks targeting local security forces in the Sahel region. The statement said the soldiers were travelling between the towns of Hombori and Boni, about 100 km north of the Burkina Faso border, when they fell into an ambush. It came days after gunmen killed 24 soldiers in an attack on an army unit in neighbouring Burkina Faso.

    Wed, 21 Aug 2019 10:19:39 -0400
  • Pfizer invests $500 million in expanding gene therapy facility

    Golocal247.com news

    The investment will add additional capacity and capabilities to a facility that makes some of Pfizer's most closely watched experimental treatments. The Sanford plant manufactures therapies used for the company's late-stage experimental treatments for Duchenne Muscular Dystrophy (DMD) and hemophilia B therapies, among other gene therapies.

    Wed, 21 Aug 2019 10:16:13 -0400
  • France now sees 'no deal' as baseline Brexit scenario - Elysee source

    France believes 'no-deal' is now the most likely Brexit scenario after British Prime Minister Boris Johnson demanded the European Union reopen the divorce deal and drop the Irish backstop, an official in President Macron's office said on Wednesday. Johnson said on Tuesday that the backstop - an insurance policy to keep the Irish border open after Britain leaves the European Union - was "anti-democratic", and demanded its removal from the stalled divorce deal.

    Wed, 21 Aug 2019 10:13:41 -0400
  • Nigeria's three-year milestone takes Africa towards polio eradication

    Golocal247.com news

    ABUJA/LONDON (Reuters) - Nigeria marked three years free of endemic wild polio on Wednesday with health officials saying the nation's progress in fighting the crippling viral disease could result in the whole of Africa being declared polio-free early next year. The three-year milestone sets in motion a continent-wide process to ensure that all 47 countries of the World Health Organization's African region have eradicated the virus, health officials said. Africa's last case of wild polio was recorded in Nigeria's Borno State in August 2016.

    Wed, 21 Aug 2019 10:11:21 -0400
  • Alex and Ani drops $1.2 billion suit against Bank of America

    The Providence Journal reports the Rhode Island company agreed to voluntarily dismiss the suit after reaching a confidential agreement with the Charlotte, North Carolina, bank. The lawsuit, filed in federal court in New York, had accused Bank of America of trying to push women out of leadership roles at the company. It also argued the bank wrongly placed Alex and Ani in default of a $170 million loan and froze a $50 million revolving line of credit.

    Wed, 21 Aug 2019 10:07:04 -0400
  • U.S. home sales jump, boosted by lower mortgage rates

    Golocal247.com news

    U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy. A separate report released by the Labor Department on Wednesday suggested the level of employment in the country was slightly lower than previously estimated, taking a bit of the shine off the labor market. Despite headwinds from a global economic slowdown, the U.S. housing market appears to be strengthening.

    Wed, 21 Aug 2019 10:03:54 -0400
  • US STOCKS-Target, Lowe's earnings push Wall Street higher

    U.S. stocks rose broadly on Wednesday following upbeat retail earnings from Lowe's and Target, while investors awaited release of the Fed minutes for further clues on the path of future rate cuts. Big-box retailer Target Corp surged 16.3%, the most on the S&P 500 index, after it beat quarterly profit estimates and raised its annual earnings forecast. Following closely behind with a 11.4% jump were shares of home improvement chain Lowe's Cos Inc as it joined bigger rival Home Depot Inc in beating profit estimates.

    Wed, 21 Aug 2019 10:01:47 -0400
  • BofA CEO Moynihan plays down fears of U.S. recession - CNBC

    Bank of America Corp Chief Executive Officer Brian Moynihan on Wednesday played down fears of a potential U.S. recession, saying strong consumer spending could keep the economy growing. More importantly, they're spending more money," Moynihan said in a CNBC interview. Fears of a U.S. recession have escalated on the back of a protracted trade war between the United States and China, with yields on 2-year and 10-year Treasury notes last week inverting for the first time since 2007 in a classic recessionary signal.

    Wed, 21 Aug 2019 10:01:16 -0400
  • Cars still more efficient than newer SUVs

    Yes, your sport utility vehicle has gotten smaller and more fuel efficient over the years. The reason: SUVs are taller and heavier than cars, and no matter how sculpted their bodies are, they still run into more wind resistance. A comparison by The Associated Press of the 10 top-selling 2019 SUVs and comparable cars with similar gasoline powertrains found that in all cases, cars beat the SUVs in mileage, in several instances by 14% or more.

    Wed, 21 Aug 2019 10:01:02 -0400
  • UPDATE 1-Mexican president says government not talking with criminal gangs

    Mexican President Andres Manuel Lopez Obrador on Wednesday said his nine-month-old administration's efforts to bring down record rates of violent crime do not include talks with criminal gangs or armed self-defense groups. On Tuesday, Mexico's interior minister told reporters the government was holding talks with "various groups" in states hard hit by violence, in response to a question about organized criminals. "We are not talking with members of organized crime groups," Lopez Obrador told reporters at his regular morning news conference.

    Wed, 21 Aug 2019 10:00:44 -0400
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