Dow closes up 263 points, stocks notch best week of the year as jobs report fuels hopes of a Fed rate cut
U.S. stocks close significantly higher after weaker-than-expected jobs report adds to argument for Fed rate cut See full story.
As May jobs report reveals that wage growth has slowed, we highlight surprising jobs that pay well. See full story.
Shares of Microsoft Corp. surged into record territory Friday, enough to push the software giant’s market capitalization above the $1 trillion mark. See full story.
Uber Technologies stock is down in the extended session after CEO Khosrowshahi shakes up the ride-hailing company’s executive team a month after the IPO. See full story.
As federal regulators sharpen their focus on big tech, expect to see and hear more from Rep. Ro Khanna (D., Calif.), a Silicon Valley Congressman who is shaping legislation that is tantamount to an internet Bill of Rights. See full story.
‘They already helped us buy our house, one that we otherwise would not have been able to afford.’ See full story.
Trump Goes After ‘Enemy of the People’ Media in Extended Twitter Rant
Breaking: Angry President Trump is angry.
The president took to Twitter Sunday morning to yell at the New York Times, CNN, and Twitter and complain about the way he is treated by media in comparison to former President Obama.
Obviously upset over being called out for the way he originally expressed the timing of his tariffs deal with Mexico, Trump tried to reshape the agreement again and blasted the New York Times for reporting the truth.
The problem with the President’s rant is the omissions. Trump initially told anyone who would listen that the agreement with Mexico was based on the tariffs threat from last week and never mentioned that a deal had been, as the Times reported on Saturday, in the works for months.
Trump continued dangerously blasting legitimate media outlets calling them “The Enemy of the People!” while at the same time, showing his ignorance of the meaning of “freedom of speech.”
Trump ended his rage tweeting by evoking Obama’s name. It’s basically a one-note strategy that hits all the bases with his supporters that he loves to deploy. A hint of partisanship, a dash of anger, mixed with a heap of racism to start off your Sunday. Enjoy!
UK PM candidate Gove open to short Brexit delay if deal is close
LONDON (Reuters) – Michael Gove, a candidate to replace British Prime Minister Theresa May, said he would be prepared to delay Brexit for a few days or weeks beyond the current exit date of Oct. 31, if Britain was close to signing an exit deal with the European Union.
“If we’re 95 percent of the way there on October 31, would it really make sense to junk that progress and to say ‘tell you what, we’re leaving without a deal anyway’?” he told the BBC.
PM Lee Hsien Loong on leave for a week; Heng Swee Keat will be acting PM
SINGAPORE – Prime Minister Lee Hsien Loong will be on leave for a week starting Monday. While he is away, Deputy Prime Minister Heng Swee Keat will be acting Prime Minister.
This marks Mr Heng’s first stint as acting head of government, since he was promoted to DPM on May 1.
In a Facebook post on Sunday, PM Lee said he will be on leave for a week.
He wrote: “Looking forward to spending time with family and catching up on my reading. Maybe I’ll see some of you when I go #jalanjalan.”
48-year-old man killed in ATV rollover in Innisfil, police say
INNISFIL, Ont. – Police north of Toronto say a 48-year-old man is dead after an all-terrain vehicle rollover.
South Simcoe police were called to a rural area in Innisfil, Ont., just after midnight Sunday.
They say the driver of the ATV, a local man, was pronounced dead at the scene.
Police say the cause of the crash is under investigation, and they’re asking anyone with information to contact them.
PBOC’s Yi Tells G-20 Meeting China to Keep Yuan Basically Stable
In this article
The People’s Bank of China will keep the yuan basically stable at a reasonable and equilibrium level while deepening market-oriented foreign exchange reforms, Governor Yi Gang told Group of 20 finance ministers and central bank chiefs meeting in Japan.
- According to a statement published on the central bank’s website, Yi said growth of broad money supply, outstanding aggregate financing will keep pace with nominal GDP growth, a goal that was mentioned in Premier Li Keqiang’s work report in March
- Yi stressed that G-20 nations should show willingness to work together to resolve trade conflicts
- Yi said that China has ample policy room to tackle uncertainties
- Yi made the comments at a gathering of Group of 20 finance ministers and central bankers in Japan over the weekend
- NOTE: June 7, China’s Central Bank Chief Sees ‘Tremendous Room’ to Aid Growth
— With assistance by Zhe Huang
Average US price of gas drops 9 cents per gallon to $2.84
The average U.S. price of regular-grade gasoline dropped 9 cents per gallon (3.8 liters) over the past three weeks, to $2.84.
Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that lower crude oil prices contributed to the drop at the pump.
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The price is 17 cents lower than what it was a year ago.
The highest average price in the nation is $3.94 a gallon in the San Francisco Bay Area.
The lowest average is $2.27 in Baton Rouge, Louisiana.
The average price of diesel fell by 4 cents since May 17, to $3.12.