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U.S. presidential hopeful Biden says he would not ban fracking

PITTSBURGH (Reuters) – Democratic presidential candidate Joe Biden said on Monday he would not ban hydraulic fracturing, a controversial method of drilling for crude oil and natural gas, if elected and called Republican assertions that he supports such a ban a... More »

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Trump says he is considering pardon for leaker Edward Snowden

WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday he is considering a pardon for Edward Snowden, the former U.S. National Security Agency contractor – now living in Russia – whose spectacular leaks shook the U.S. intelligence community in 201... More »

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Trump gets verified account on TikTok competitor Triller

WASHINGTON (Reuters) – U.S. President Donald Trump now has a verified account on TikTok competitor Triller, another sign of the White House’s disfavor toward the ByteDance-owned video-sharing app. Triller is one of several TikTok alternatives that have experie... More »

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Pelosi considering recalling Congress over Post Office woes

WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi may recall lawmakers from a summer recess to address changes at the Postal Service that have prompted anger among Democrats and alarm about possible impact on the 2020 election. A Democratic congressional ... More »

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U.S. equity funds post $5.6 billion weekly inflow: Lipper

(Reuters) – U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper. U.S. equity funds registered $5.6 billion in inflows in the week ended on Wednesday, according t... More »

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China sends fighter jets as U.S. health chief visits Taiwan

TAIPEI (Reuters) – Chinese air force jets briefly crossed the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles, Taiwan’s government said, as U.S. health chief Alex Azar visited the island to offer President Donald Trump’s support.... More »

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China imposes sanctions against U.S. lawmakers over Hong Kong

BEIJING (Reuters) – China said it would apply sanctions against 11 U.S. citizens including officials from Monday in response to Washington’s move on Friday to impose sanctions on 11 Hong Kong and Chinese officials whom it accused of curtailing political freedo... More »

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Pandemic revs up race for U.S. online car sales

DES MOINES, Iowa (Reuters) – After years of being part of a future that never quite arrived, the coronavirus pandemic has put U.S. online car sellers on the map. Now comes a race to spend vast sums on digital commerce platforms specifically designed to handle ... More »

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Europe cushions workforce as U.S. lifeline runs threadbare

FRANKFURT/LOS ANGELES (Reuters) – – While millions of U.S. workers thrown into unemployment by the coronavirus pandemic fret about feeding their families, idled German airline purser Marco Todte is mainly concerned about his next vacation. Todte, 41, hasn’t fl... More »

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U.S. election will be Nov. 3 as planned, Trump advisers say

WASHINGTON (Reuters) – The White House and Donald Trump’s campaign on Sunday sought to shut down the Republican president’s musings on delaying the 2020 vote, saying there will be an election on Nov. 3. White House Chief of Staff Mark Meadows said Trump was ra... More »

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U.S. stock funds shed $1.05 billion in week: Lipper

(Reuters) – U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper. Taxable bond funds attracted $9.37 billion, the sixteenth straight weekly inflow, while U.S. money market funds shed $17.44 billion in the la... More »

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S&P 500, Nasdaq open higher on stimulus, dovish Fed hopes

(Reuters) – The S&P 500 and Nasdaq rose at the open on Monday as investors shrugged off surging COVID-19 cases and U.S.-China tensions, betting instead on more stimulus and a dovish signal from the Federal Reserve to revive a battered domestic economy. The S&P... More »

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Republican Senator Tom Cotton calls slavery ‘necessary evil’

WASHINGTON (Reuters) – Republican U.S. Senator Tom Cotton described slavery as “a necessary evil” in a published attack on a New York Times initiative to make slavery the focal point of American history for U.S. schools. “As the Founding Fathers said, it was t... More »

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Record number of Black women set to run for U.S. Congress

WASHINGTON(Reuters) – Joyce Elliott, an Arkansas state senator who is seeking a U.S. congressional seat in November, was the second Black student to attend her local public high school- the first was her older sister. If elected in November, she will be the fi... More »

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U.S. stock funds draw $3.3 billion in latest week: Lipper

(Reuters) – U.S.-based stock funds in the week ended Wednesday saw $3.3 billion of inflows, according to Lipper. Taxable bond funds attracted $11.1 billion, the fifteenth straight weekly inflow, while U.S. money market funds drew $20.4 billion in the latest we... More »

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Trump says Confederate flag proud symbol of U.S. South

WASHINGTON (Reuters) – U.S. President Donald Trump declined to say the Confederate flag was an offensive symbol in an interview broadcast on Sunday, saying it is a source of pride for people who love the South. The Republican president was asked on “Fox News S... More »

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Twitter disables Trump tweet over copyright complaint

WASHINGTON (Reuters) – Twitter Inc disabled a campaign-style video that President Donald Trump retweeted on Saturday, citing a copyright complaint. The video, which included music from the group Linkin Park, disappeared from the president’s Twitter feed late S... More »

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U.S. stock funds see first inflow in four weeks: Lipper

(Reuters) – U.S. equity funds in the week ended on Wednesday drew $609 million, the first inflow in four weeks, according to Lipper. U.S. taxable bond funds attracted $12.6 billion, the 13th straight weekly inflow, while money market funds saw $4.7 billion com... More »

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U.S. stock funds shed $4.6 billion in week: Lipper

(Reuters) – The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 billion out of U.S.-based stock funds in the week that ended Wednesday, according to Lipper data released on Thursday. The S... More »

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S&P 500, Dow dip at open on virus fears, U.S.-China tensions

(Reuters) – The S&P 500 and Dow Jones indexes opened lower on Tuesday as coronavirus-related worries and simmering U.S.-China tensions weighed on sentiment at the end of what is expected to be the S&P 500’s best quarter since 1998. The Dow Jones Industrial Ave... More »

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Wall Street faces danger signs after best quarter since ’98

(Reuters) – A stock rebound marked by Wall Street’s strongest quarter in more than two decades has slowed in recent weeks, as a resurgence in coronavirus cases threatens to derail the economy’s recovery from a deep downturn. With the S&P 500 up 18% in the quar... More »

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How to control college costs in the age of COVID-19

NEW YORK (Reuters) – Tina Smets had long thought about getting a college degree, but that seemed impossible. As a mom of three kids, waitressing nights at a local restaurant in Kearney, Nebraska, the 31-year-old did not want to saddle her young family with ton... More »