Stock Trading on Social Media: Reddit’s “Wallstreetbets” Drives Giant Hedge Funds to Heavy Losses
2021-01-27 23:06:52 UTC
(Reuters) - Retail traders scored against professionals on Wednesday as hedge funds Citron and Melvin retreated with heavy losses on short positions in GameStop in the week-long battle between Wall Street and Main Street, with more calling for scrutiny of anonymous stock trading posts on social m...
Robert Reich: It Is Time To End The Filibuster
2021-01-27 00:15:31 UTC
Berkeley, California — Making progress on Joe Biden's agenda or anything more Progressive, now requires a super majority of 60 votes in the Senate, because of an old Senate rule requiring that many votes to end debate and allow vote on a proposed law.
It's called the filibuster and it's not in...
Judge Approves Weinstein Plan that Provides $35M for Creditors
2021-01-26 17:46:39 UTC
DOVER, Del. (AP) — A Delaware judge has approved a revised Weinstein Co. bankruptcy plan that provides about $35 million for creditors, with roughly half that amount going to women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct.
The judge approved the plan after a ...
UK Coronavirus Death Toll Surpasses 100,000
2021-01-26 17:47:02 UTC
LONDON (AP) — For nine months, Gordon Bonner has been in the “hinterlands of despair and desolation” after losing his wife of 63 years to the coronavirus pandemic that has now taken the lives of more than 100,000 people in the United Kingdom.
Only recently did Bonner think he might be able to ...
Merkel Says “There Is Simply a Much Broader Political Overlap With President Biden”
2021-01-26 07:11:04 UTC
BERLIN (AP) — German Chancellor Angela Merkel said Thursday that she isn’t abandoning a German-Russian gas pipeline project that faces U.S. sanctions, but wants to talk to the new administration about the issue.
The Nord Stream 2 pipeline, which would bring Russian gas to Germany under the Bal...
Merkel Invites Biden to Germany for Visit
2021-01-26 07:08:12 UTC
German Chancellor Angela Merkel invited US President Joe Biden to visit Germany as soon as the pandemic situation allowed.
Biden told Merkel on Monday that he is looking to revitalize the transatlantic alliance with Germany, a relationship that became strained under former President Donald Tru...
House Send Impeachment Case Against Trump to Senate
2021-01-26 01:52:41 UTC
WASHINGTON (AP) — House Democrats delivered the impeachment case against Donald Trump to the Senate late Monday for the start of his historic trial, but Republican senators were easing off their criticism of the former president and shunning calls to convict him over the deadly siege at the U.S. ...
Biden Pushes for 1.5m Vaccinations a Day
2021-01-26 01:51:35 UTC
WASHINGTON (AP) — President Joe Biden on Monday appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation could soon be injecting 1.5 million shots on an average per day.
Biden signaled his increasing bullishness on the pace of vaccinations ...
India to Ban TikTok and 58 Other Chinese Apps
2021-01-25 22:13:03 UTC
(Reuters) - India’s ministry of electronics and information technology has issued fresh notices to make permanent a ban imposed on video app TikTok and 58 other Chinese apps in June, Indian media reported late on Monday.
When it first imposed the ban, the Indian government gave the 59 apps a c...
Boeing 737 MAX to Fly in Europe: “Inappropriate, Dangerous”
2021-01-25 22:07:56 UTC
PARIS (Reuters) - Europe is set to lift a 22-month flight ban on the Boeing 737 MAX this week after reviewing submissions by industry experts and whistleblowers, angering relatives of some of the 346 crash victims, who say the move is premature.
A green light from the European Union Aviation Saf...
Merkel, Biden Agree to Strengthen US-Europe Cooperation
2021-01-26 01:04:47 UTC
BERLIN (Reuters) - German Chancellor Angela Merkel and U.S. President Joe Biden agreed in a phone call on Monday that the COVID-19 pandemic and other global challenges can only be tackled through closer cooperation, a government spokesman in Berlin said on Monday.
Transatlantic relations coole...
Life in Wuhan Return to Normal as World Still Battling to Defeat Coronavirus
2021-01-25 22:19:44 UTC
WUHAN, China (AP) — A year ago, a notice sent to smartphones in Wuhan at 2 a.m. announced the world’s first coronavirus lockdown that would last 76 days.
Early Saturday morning, residents in the central Chinese city where the virus was first detected were jogging and practicing tai chi in a f...
Jan. 6 Insurrection: Democrats Ask Ethics Panel to Investigate Cruz, Hawley
2021-01-22 04:36:50 UTC
WASHINGTON (AP) — Seven Democratic senators on Thursday asked the Senate Ethics Committee to investigate the actions of Republican Sens. Ted Cruz and Josh Hawley “to fully understand their role” in the Jan. 6 insurrection at the Capitol by supporters of former President Donald Trump.
President Joe Biden Declares “Democracy Has Prevailed”
2021-01-21 02:52:24 UTC
WASHINGTON (AP) — Joe Biden was sworn in as the 46th president of the United States on Wednesday, declaring that “democracy has prevailed” and summoning American resilience and unity to confront the deeply divided nation’s historic confluence of crises.
Denouncing a national “uncivil war,” Bid...
COVID-19: US Death Toll Eclipses 400,000
2021-01-20 17:22:50 UTC
As President Donald Trump entered the final year of his term last January, the U.S. recorded its first confirmed case of COVID-19. Not to worry, Trump insisted, his administration had the virus “totally under control.”
Now, in his final hours in office, after a year of presidential denials of ...
Pentagon Fears Possible Inside Attack at Inauguration
2021-01-18 03:31:11 UTC
WASHINGTON (AP) — U.S. defense officials say they are worried about an insider attack or other threat from service members involved in securing President-elect Joe Biden’s inauguration, prompting the FBI to vet all of the 25,000 National Guard troops coming into Washington for the event.
Russian Opposition Leader Alexei Navalny Arrested at Airport
2021-01-17 20:05:25 UTC
MOSCOW (AP) — Russian opposition leader Alexei Navalny was arrested Sunday at a Moscow airport as he tried to enter the country from Germany, where he had spent five months recovering from nerve agent poisoning that he blames on the Kremlin.
Navalny’s detention at passport control in Moscow’s...
US Republican Party: Right-Wing Extremists Talk About Civil War
2021-01-17 19:55:10 UTC
BIRMINGHAM, Ala. (AP) — War-like imagery has begun spreading in Republican circles after the attack on the U.S. Capitol by a mob of President Donald Trump’s supporters, with some elected officials and party leaders rejecting pleas to tone down rhetoric calling for a second civil war.
Joe Biden Unveiled a $1.9 Trillion Coronavirus Plan
2021-01-15 02:52:41 UTC
WILMINGTON, Del. (AP) — President-elect Joe Biden unveiled a $1.9 trillion coronavirus plan Thursday to end “a crisis of deep human suffering” by speeding up vaccines and pumping out financial help to those struggling with the pandemic’s prolonged economic fallout.
Called the “American Rescue...
Trump’s Impeachment Trial Could Begin On January 20
2021-01-14 19:06:42 UTC
WASHINGTON (AP) — President Donald Trump’s impeachment trial could begin on Inauguration Day, just as Democrat Joe Biden takes the oath of office in an ever-more-extraordinary end to the defeated president’s tenure in the White House.
The timing is not set and depends heavily on when House Spe...
US House Impeaches Trump a 2nd Time
2021-01-14 01:32:53 UTC
WASHINGTON (AP) — President Donald Trump was impeached by the U.S. House for a historic second time Wednesday, charged with “incitement of insurrection” over the deadly mob siege of the Capitol in a swift and stunning collapse of his final days in office.
With the Capitol secured by armed Nati...
HRW: Trump Has Been a Disaster For Human Rights
2021-01-14 01:34:55 UTC
PARIS (Reuters) - U.S. President Donald Trump’s record on human rights in his first year in office has been a “disaster” and has encouraged oppression by authoritarian leaders from China to Russia, the head of Human Rights Watch said in an interview on Wednesday.
Kenneth Roth was speaking ahea...
Resolution: U.S. House Urges Pence to Oust Trump, Impeach Vote Looms
2021-01-14 01:35:28 UTC
WASHINGTON (AP) — The U.S. House rushed ahead Tuesday toward impeaching President Donald Trump for the deadly Capitol attack, taking time only to try to persuade his vice president to push him out first. Trump showed no remorse, blaming impeachment itself for the “tremendous anger” in America.
Alamo Visit: A Symbol of Trump’s Defiance
2021-01-12 22:06:06 UTC
ALAMO, Texas (AP) — President Donald Trump on Tuesday took no responsibility for his part in fomenting a violent insurrection at the U.S. Capitol last week, despite his comments encouraging supporters to march on the Capitol and praise for them while they were still carrying out the assault.
Deutsche Bank to Refrain From Further Business With Trump
2021-01-12 03:18:39 UTC
FRANKFURT (Germany) — Two of Donald Trump’s favored banks are pulling away from the billionaire president in the wake of last week’s deadly riot at the U.S. Capitol, according to Bloomberg.
Deutsche Bank AG has decided to refrain from further business with Trump and his company, said a person...