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Updated: 9 hours 29 min ago

Iranian boats 'harass' British tanker in the Gulf: U.S. officials

Wed, 07/10/2019 - 9:56pm
Five boats believed to belong to Iranian Revolutionary Guards approached a British oil tanker in the Gulf on Wednesday and asked it to stop in Iranian waters close by, but withdrew after a British warship warned them, U.S. officials said.

Asia stocks gain, dollar droops as Fed chair sets stage for rate cut

Wed, 07/10/2019 - 9:25pm
Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month.

Lockheed Martin to keep Pennsylvania plant open at Trump's request

Wed, 07/10/2019 - 9:10pm
Lockheed Martin Corp has decided to keep the Sikorsky helicopter plant in Coatesville, Pennsylvania, open after U.S. President Donald Trump pressed its chief executive to continue operations, the company said on Twitter on Wednesday.

Second U.S. judge blocks Justice Department bid for new legal team in census cases

Wed, 07/10/2019 - 9:09pm
A second U.S. judge has rejected a Department of Justice request to replace its legal team in cases on the 2020 census as the Trump administration tries to add a contentious citizenship question.

Trump's labor chief Acosta defends Epstein plea deal, calling him 'a sexual predator'

Wed, 07/10/2019 - 9:07pm
U.S. Labor Secretary Alexander Acosta on Wednesday dismissed calls for his resignation and defended a controversial non-prosecution agreement he approved more than 10 years ago with financier Jeffrey Epstein, who has now been charged with sex trafficking in underage girls.

U.S. Air Force finds no evidence of sexual misconduct by top general

Wed, 07/10/2019 - 8:44pm
An Air Force investigation has found no evidence to support accusations of sexual misconduct against President Donald Trump's nominee to become vice chairman of the Joint Chiefs of Staff, a senior U.S. military official said on Wednesday.

U.S. to probe French plan to tax tech companies

Wed, 07/10/2019 - 7:30pm
U.S. President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.

Powell testimony, Fed meeting highlight case for 'insurance'

Wed, 07/10/2019 - 6:33pm
A confidence shock driven partly by the U.S. trade war is at the center of an increasingly persuasive argument for Federal Reserve policymakers seriously considering cutting rates for the first time in a decade.

U.S. border agency says it is holding 200 children, down from 2,500 in May

Wed, 07/10/2019 - 6:26pm
U.S. border officers were detaining about 200 unaccompanied children along the southern border on Wednesday, down from more than 2,500 in May, thanks to congressional funding increases, a senior border agency official said.

'World should know,' migrant tells U.S. Congress of toddler's death

Wed, 07/10/2019 - 6:22pm
A Guatemalan asylum seeker left some members of a U.S. House panel visibly shaken on Wednesday with the story of her daughter's death, saying the toddler had contracted a deadly lung infection during a 20-day detention near the U.S. border with Mexico.

U.S. Fed policy-makers debate merit of a repo facility

Wed, 07/10/2019 - 4:54pm
Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries and other securities as collateral, minutes of the Fed's June policy meeting released on Wednesday showed.

Exclusive: New chemical weapons team to launch first Syria investigations

Wed, 07/10/2019 - 4:47pm
A new team established by the global chemical weapons watchdog to attribute blame for the use of banned munitions in Syria will investigate nine alleged attacks during the country's civil war, including in the town of Douma, sources briefed on the matter told Reuters.

Wall Street touches new highs after comments by Fed's Powell

Wed, 07/10/2019 - 4:24pm
U.S. stocks ended higher and the S&P 500 index briefly crossed the 3,000-point mark for the first time on Wednesday as remarks by Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month.

From Iron Lady to lame duck: Hong Kong leader's departure seen as mere matter of time

Wed, 07/10/2019 - 3:42pm
Hong Kong leader Carrie Lam's apologies and explanations for a doomed extradition bill have failed to quell political tension and her departure is now seen by many in the Chinese-ruled city as merely a matter of time in a drawn-out, long goodbye.

World stocks rise, dollar drops as Fed chair boosts rate-cut hopes

Wed, 07/10/2019 - 3:29pm
A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut from the U.S. central bank this month.

S&P 500 tops 3,000 less than five years after 2,000

Wed, 07/10/2019 - 3:06pm
The S&P 500, the benchmark index that investors tend to rely on as a proxy for the U.S. stock market, topped 3,000 for the first time on Wednesday.

Fed's Powell bolsters rate cut view on trade, global growth concerns

Wed, 07/10/2019 - 2:26pm
Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to 'act as appropriate' to defend an economic expansion threatened by trade disputes and a global slowdown.

Fed chief calls for Facebook to halt Libra project until concerns addressed

Wed, 07/10/2019 - 2:24pm
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.

S&P 500 hits 3,000 as Powell's comments raise rate cut bets

Wed, 07/10/2019 - 11:10am
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday, as bets for a sharp interest rate cut later this month were boosted by Federal Reserve chairman Jerome Powell's dovish comments.

Trump accuses Iran of secret nuclear enrichment, says sanctions to be cranked up 'substantially'

Wed, 07/10/2019 - 11:06am
President Donald Trump accused Iran on Wednesday of secretly enriching uranium for a long time and said U.S. sanctions would be increased "substantially" soon, as the U.N. nuclear watchdog held an emergency meeting on Tehran's breach of a nuclear deal.