generic Market recap for Friday, August 31
Stocks approach the end of August with a whimper as a trade deal with Canada remains elusive.
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Stocks approach the end of August with a whimper as a trade deal with Canada remains elusive.
Officials in Cuyahoga County, Ohio have announced an mpox outbreak after nine cases have been reported.
The decision by New York's highest court to overturn the rape conviction of movie mogul Harvey Weinstein has reopened a painful chapter in America’s reckoning with sexual misconduct by powerful figures — an era that began in 2017 and helped launch the #MeToo movement. Here's what you need to know about why Weinstein's rape conviction was thrown out and what happens next: WHY WAS THE CONVICTION TOSSED? New York's Court of Appeals found the trial judge in the rape case prejudiced Weinstein with “egregious” improper rulings, including a decision to let women testify about allegations that Weinstein wasn't charged with.
The Israeli government sought another deferral on Thursday of a looming Supreme Court-enforced deadline for it to come up with a new military conscription plan that would address mainstream anger at exemptions granted to ultra-Orthodox Jews. In a new request, the Justice Ministry asked for a deferral to May 20, citing a lag in appointing a government lawyer and "significant national-security events" of recent days which, it said, had halted government work on a conscription blueprint. That appeared to refer to an unprecedented Iranian drone and missile salvo against Israel on April 13-14, a surge in fighting on the Lebanese front and Israeli preparations to invade the southern Gaza city of Rafah as part of the offensive to crush Hamas.
More than 90% of transgender youths live in states that have already passed or are currently considering bills that restrict their rights.
Egypt has asked for a follow-up meeting with Israel in renewed efforts to mediate a deal for a ceasefire and the release of hostages in the Gaza Strip, two Egyptian security sources said on Thursday. Egyptian, Israeli and U.S. officials held in-person and remote meetings on Wednesday that sought concessions to break a deadlock in months-long negotiations for a truce in the war between Israel and Palestinian group Hamas that began on Oct. 7, the sources said. Egypt believed Israel had shown more willingness to allow displaced Gazans to return towards the north of the enclave in a way that limited security checks and procedures for those not suspected of militant activity, they added.
Fresh data on Thursday showed further signs of sticky inflation, pushing bond yields higher and weighing on stocks.
The discovery of mass graves at two Gaza hospitals, said by Palestinian authorities to contain hundreds of bodies, have triggered calls by the U.N. rights chief and others for an international investigation. While not defined under international law, a mass grave is a burial site containing multiple bodies, the existence of which could be important in detecting possible war crimes.
The UK on Thursday joined the United States and Canada in announcing a fresh set of sanctions against Iran's drone and missile industries after its recent attack on Israel.The United States and Britain announced widespread sanctions on Iran last week, targeting individuals and companies involved in the Iranian drone industry.
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
Celebrity Chef Jose Andres called seven aid workers killed by Israeli forces in Gaza "the best of humanity" on Thursday during a memorial service at the Washington National Cathedral that was attended by hundreds, and punctuated by grief and ongoing questions about the attack. Israeli Prime Minister Benjamin Netanyahu said Israel mistakenly killed the seven people working for Andres' charity World Central Kitchen (WCK) in an airstrike earlier this month, prompting worldwide condemnation and a demand by President Joe Biden to make it easier to get aid in to Gaza or risk a shift in U.S. support.
President Joe Biden has signed legislation that could lead to TikTok being sold or banned. Here's who might buy it — and for how much.
Paleontologists from Argentina announced the discovery of a new medium-sized herbivorous dinosaur, which was a fast runner and lived about 90 million years ago in the Late Cretaceous period in present day Patagonia. The animal, named Chakisaurus nekul, was found in the Pueblo Blanco Natural Reserve, in the southern province of Río Negro, an area rich in fossils where many mammals, turtles, and fish have been found along with other species of dinosaur. It is estimated that the largest Chakisaurus reached 2.5 or 3 meters long and was 70 centimeters high (8 to 10 feet long and 27 inches high).
The US Supreme Court heard arguments on Thursday on whether a former president is immune from criminal prosecution and appeared poised to issue a ruling that could further delay Donald Trump's trial on charges of conspiring to overturn the 2020 election.- Trial delays - By taking the case, the Supreme Court has already significantly delayed the start of Trump's election conspiracy trial.
TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.-China rivalry threatens the future of a wildly popular way for young people in America to connect online. Beijing has signaled TikTok should fight what it has called a “robbers” act by U.S. lawmakers “to snatch from others all the good things that they have.” Should a legal challenge fail, observers say Chinese authorities are unlikely to allow a sale, a move that could be seen as surrendering to Washington.
The company made the announcement on Thursday.
The U.S. Food and Drug Administration (FDA) during its inspection determined that Cardinal was an importer of syringes sold under the Monoject brand. The agency, in its letter sent to Cardinal on Wednesday, said the company was marketing kits which include certain piston syringes made by China's Jiangsu Shenli Medical Production Co Ltd and neither had approval for commercial marketing nor as an investigational device.
The second body found at the home of former Washington state school resource officer Elias Huizar was that of his 17-year-old girlfriend and mother of his 1-year-old son whom he was accused of kidnapping, West Richland Police Department confirmed at a news conference Wednesday.
The leader of the pro-independence Scottish National Party on Thursday ended a coalition deal with the Greens, leaving him facing fresh pressure as the head of a minority government in Edinburgh."I have terminated the Bute House (coalition) Agreement with immediate effect," he said, admitting that ruling as a minority government would be "tough" but promising to work with all parties in parliament.
The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States. The FCC said it was requiring the Chinese carriers to discontinue services within 60 days of the effective date of the net neutrality order approved on Thursday. The order also applies to Chinese telecom Pacific Networks and its wholly owned subsidiary ComNet.
The United States on Thursday announced sweeping new rules requiring coal-fired plants to eliminate nearly all their carbon emissions or commit to shutting down altogether, a keystone of President Joe Biden's agenda to confront the climate crisis.Coal plants have two more years to come into compliance, but the emissions reductions will apply to all coal plants that don't have firm commitments to retire by 2039, which is a year earlier than the draft envisaged.