Wall Street on track to snap recent run of gains after weak data

Weak economic data pressured U.S. stocks on Thursday after a recent run of gains, while a drop in healthcare shares added to the bearish momentum.


Posted 2019/02/21 20:25:41

Police say actor Smollett staged Chicago attack to advance career

Actor Jussie Smollett paid two brothers thousands of dollars to beat him in a staged racist and homophobic attack because he was unhappy with his salary on the hip-hop TV drama "Empire," Chicago's police chief said on Thursday.


Posted 2019/02/21 20:14:03

Brexit defections reveal frayed fabric of UK politics

Brexit has torn the fabric of Britain's political system, say a group of 11 lawmakers behind a dramatic series of defections that have sent shockwaves through one of the world's oldest and most stable parliaments.


Posted 2019/02/21 19:59:01

AT&T pulls ads from YouTube over videos exploiting children

AT&T Inc pulled all its advertising from Alphabet Inc's YouTube for the second time in two years after a magazine reported the platform displayed ads next to videos that showed the exploitation of children.


Posted 2019/02/21 19:51:35

U.S., China resume trade talks to thrash out structural agreements

The top U.S. and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to reach agreement expires and triggers a new round of tariffs.


Posted 2019/02/21 19:49:23

Factbox: List of some reported racial attacks in U.S. deemed to be false

Actor Jussie Smollett of the television drama "Empire" staged an attack on himself that appeared to have racist and homophobic overtones as a publicity stunt, Chicago police said on Thursday.


Posted 2019/02/21 19:46:30

Philadelphia sues seven big banks, alleges municipal bond collusion

The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.


Posted 2019/02/21 19:24:04

Swedish student leader wins EU pledge to spend billions on climate

The European Union should spend hundreds of billions of euros combating climate change during the next decade, its chief executive said on Thursday, responding to a Swedish teen who has inspired a global movement of children against global warming.


Posted 2019/02/21 19:06:33

U.S. stocks fall on weak economic view; oil, gold fall

Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.


Posted 2019/02/21 18:49:01

Corbyn says PM May must seek customs union with EU to unlock Brexit

British opposition leader Jeremy Corbyn said on Thursday Prime Minister Theresa May must change her strategy and seek a close alliance with the European Union after Brexit to avert the dangerous prospect of an abrupt split.


Posted 2019/02/21 18:46:56

Exclusive: SpaceX, Boeing design risks threaten new delays for U.S. space program

NASA has warned SpaceX and Boeing Co of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year.


Posted 2019/02/21 06:51:35

Exclusive: U.S., China sketch outlines of deal to end trade war - sources

The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.


Posted 2019/02/21 06:28:53

Factbox: U.S., China drafting memorandums for possible trade deal

Top U.S. and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war.


Posted 2019/02/21 06:28:53

Johnson & Johnson receives federal subpoenas related to baby powder litigation

Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line.


Posted 2019/02/21 06:19:58

Asia shares up on Fed outlook, Aussie dollar seesaws after jobs data

Asian shares pulled ahead to fresh 4-1/2-month highs on Thursday after the U.S. Federal Reserve affirmed it would be "patient" on further interest rate rises and as Sino-U.S. trade talks hinted of progress towards a deal in their tariff war.


Posted 2019/02/21 03:42:24

No host? No problem. Queen, Lady Gaga bring Grammys vibe to Oscars

There will not be a host and Sunday's Oscars ceremony will not open with the traditional monologue in which celebrities and politicians are skewered.


Posted 2019/02/20 23:56:24

Southwest shares drop as mechanics dispute escalates

Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.


Posted 2019/02/20 23:52:11

U.S., Central America launch plan to crack down on people smugglers

The United States and three Central American nations on Wednesday announced an effort to combat trafficking of people to the U.S.-Mexico border, days after U.S. President Donald Trump declared a national emergency, citing large-scale unlawful immigration.


Posted 2019/02/20 23:16:00

UK attorney general plans for unilateral exit mechanism to Irish backstop: Telegraph

UK Attorney General Geoffrey Cox is considering plans for a unilateral exit mechanism to the Irish backstop with a notice period of 12 months, the Telegraph newspaper reported http://bit.ly/2E0XHql late on Wednesday.


Posted 2019/02/20 23:09:58

Britain managing Huawei risks, has no evidence of spying: official

Britain is able to manage the security risks of using Huawei telecoms equipment and has not seen any evidence of malicious activity by the company, a senior official said on Wednesday, pushing back against U.S. allegations of Chinese state spying.


Posted 2019/02/20 23:01:04