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Stephen Culp

S&P 500 closes nominally higher amid COVID-19 spikes, muted data

2020-06-18T20:04:34Z
The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.
Doina Chiacu

Trump unfit to be U.S. president, Democrat Pelosi, conservative Bolton agree

2020-06-18T19:42:25Z
President Donald Trump came under attack from both sides of the American political spectrum on Thursday as liberal Democratic leader Nancy Pelosi and former White House aide and conservative hawk John Bolton both declared him unfit to lead the country.
Reuters Editorial

Pelosi says Trump 'ethically unfit' for presidency, will continue oversight

2020-06-18T18:47:58Z
U.S. House Speaker Nancy Pelosi said on Thursday revelations in a book by a former top White House aide show President Donald Trump is unfit and unprepared to be president and Democrats will continue oversight of the Republican president's behavior.
Herbert Lash

World stock markets slip on second wave virus fears, safe-havens rise

2020-06-18T19:36:18Z
Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand for safe-haven currencies such as the dollar and Japanese yen.
Joseph White

Tesla wants to start building a new U.S. vehicle plant this summer

2020-06-18T18:28:11Z
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.
Doina Chiacu

Trump pledges new list of conservative Supreme Court contenders

2020-06-18T19:31:46Z
President Donald Trump, hit by a second U.S. Supreme Court loss in four days, said on Thursday he plans to issue an updated list of potential conservative nominees to the high court after the justices halted one of his hardline immigration policies.
Nathan Layne

Atlanta officer says he is not 'state's witness' in Rayshard Brooks case

2020-06-18T19:21:38Z
Devin Brosnan, one of the two Atlanta police officers charged in the shooting death of Rayshard Brooks, has not agreed to be a witness for the prosecution, his lawyer said on Thursday, contradicting an assertion by the lead prosecutor on the case.
Elizabeth Culliford

Facebook takes down Trump ads over 'organized hate' policy

2020-06-18T18:42:29Z
Facebook Inc said on Thursday it took down posts and ads run by the re-election campaign of U.S. President Donald Trump for violating its policy against organized hate.
Lawrence Hurley

U.S. Supreme Court blocks Trump bid to end 'Dreamers' immigrant program

2020-06-18T14:36:23Z
The U.S. Supreme Court on Thursday dealt a President Donald Trump a major setback on his hardline immigration policies, ruling against his bid to end a program that protects from deportation hundreds of thousands of immigrants, dubbed "Dreamers," who entered the United States illegally as children.
Reuters Editorial

Mexico's foreign ministry says it will monitor U.S. DACA program developments

2020-06-18T19:11:50Z
Mexico's foreign ministry said on Thursday it would monitor the continuity of the Deferred Action for Childhood Arrivals (DACA) immigration program in the United States after the U.S. Supreme Court blocked President Donald Trump's bid to abolish it.