Showing posts with the label U.S.

News | U.S. Politics: Guantanamo Bay was off Limits to Lawyers Seeking to Represent Detainee Men There.

Image 8-10 minutes In the first years of the war in Afghanistan, Guantánamo Bay was off limits to lawyers seeking to represent the detainees there, and the Bush administration refused to disclose the prisoners’ names. Commanders would brief reporters regularly, and guards would come forward to speak with pride about their service there but were not allowed to name the men in the orange uniforms. In time, the Bush administration bowed to pressure from the courts and released the names of many of the men and boys who were brought to the U.S. military detention center as “enemy combatants.” But by the time the Pentagon let the lawyers visit, hundreds of the detainees were already gone, many of them sent back to Afghanistan and Pakistan. The entrance to Camp Delta at Guantánamo Bay, Cuba, in 2010. Some of the detainees who have been cleared for release have been waiting for a decade for another country to agree to take them. Richard Perr

U.S. Market Futures Indication: Futures Mostly Flat Early Tuesday awaiting Inflation Report. Stock futures are little changed ahead of key inflation report Jesse Pound 3 minutes U.S. stock futures were mostly flat early Tuesday morning ahead of a highly anticipated inflation report set for release before Tuesday’s opening bell on Wall Street. Futures tied to the Dow Jones Industrial Average gained just 38 points. Meanwhile, those for the S&P 500 and the Nasdaq 100 were roughly unchanged. The move in futures comes ahead of the March reading for the consumer price index, scheduled to be released at 8:30 a.m. ET. Economists polled by Dow Jones are projecting the headline index to rise by 0.5% month-over-month and 2.5% year-over-year. Government officials, including Federal Reserve Chair Jerome Powell on Sunday and Biden administration economists on Monday, stressed that while they expect a jump in inflation in the months ahead, the change could prove temporary due to comparisons

U.S. First High Level Meeting: Angry Words between U.S. At Hig-Level Alaska Talks

Image US and China trade angry words at high-level Alaska talks BBC News 6-7 minutes US and Chinese officials have exchanged sharp rebukes in the first high-level talks between the Biden administration and China, taking place in Alaska. Chinese officials accused the US of inciting countries "to attack China", while the US said China had "arrived intent on grandstanding". Relations between the two superpowers are at their most strained for years. The US pledged to raise contentious issues such as Beijing's treatment of Uighur Muslims in Xinjiang. The ill-tempered talks in Anchorage involved Secretary of State Antony Blinken and National Security Adviser Jake Sullivan on the US side, facing off with China's most senior foreign policy official, Yang Jiechi, and foreign minister Wang Yi. However, a US official said the subsequent talks behind closed doors had been "sub

U.S. Futures Indication: Futures Rebound as Yields Pull Back Stock futures rebound after Thursday's sell-off as yields pull back Jesse Pound 3 minutes U.S. stock futures pointed to a slight rebound on Friday as yields reversed some of the gains which caused a sell-off for tech stocks in the prior session. Futures contracts for the Dow Jones Industrial Average implied an opening gain of about 41 points. Futures for the S&P 500 rose 0.2%. Futures for the tech-heavy Nasdaq 100 bounced 0.5%. The moves come after the stock market struggled on Thursday, with tech stocks being particularly hard hit . The Nasdaq Composite fell 3%, with Apple and Amazon seeing slightly larger losses. The Dow and S&P 500 slipped 0.5% and 1.5%, respectively. The 10-year Treasury yield fell 3 basis points to 1.69%, retreating from a 14-month high a day earlier (1 basis point equals 0.01%). Shares of Zoom Video and Peloton, speculative tech shares that have been hit by

News | US | The Fed Forecast: The Fed Likely to Forecast Best Economic Boom in a generation.

Image Fed likely to forecast biggest economic boom in a generation Howard Schneider 6-8 minutes WASHINGTON (Reuters) - Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by U.S. central bank policymakers. Fed Chair Jerome Powell and his colleagues are betting the economy can take off from the COVID-19 pandemic without generating excessive inflation, and have vowed to keep interest rates at rock-bottom levels and a spigot of money flowing for an extended period as they lean into a potential economic boom in a way not seen since the early 1970s. In each of the quarterly forecasts released since June, the median GDP growth projection of Fed officials has been slightly above the median of private forecasters polled by Reuters. If that holds, it would translate into expect

News | U.S.: Biden Takes First Military Action Against Iran Militias. Biden takes first military action with strike on Iran-backed militias BBC News 4-5 minutes The US military has carried out an air strike targeting Iran-backed militias in Syria, in the first military action undertaken by the Biden administration. The Pentagon said the strike was ordered in response to attacks against US and coalition personnel in Iraq. The action destroyed "multiple facilities" used by Iranian-backed Iraqi militant groups, it said. Militia officials said one person had been killed, while a war monitor reported at least 22 fatalities. The Pentagon said its strike near the Iraqi border in eastern Syria was a "proportionate military response" that was taken "together with diplomatic measures", including consulting coalition partners. It came after a civilian contractor was killed in a rocket attack on US targets earlier this month. A US service member a

News | U.S. Mars Landing: Mars landing: Nasa's Perseverance in 'great shape'

Image Mars landing: Nasa's Perseverance rover in 'great shape' By Jonathan Amos 6-8 minutes By Jonathan Amos BBC Science Correspondent media caption"Touchdown confirmed": Watch the moment of landing There's a new robot on the surface of Mars. The American space agency has successfully landed its Perseverance rover in a deep crater near the planet's equator called Jezero. "The good news is the spacecraft, I think, is in great shape," said Matt Wallace, the mission's deputy project manager. Engineers at Nasa's mission control in California erupted with joy when the confirmation of touchdown came through. The six-wheeled vehicle will now spend at least the next two years drilling into the local rocks, looking for evidence of past life. Jezero is thought to have held a giant lake billions of years ago. And where there's been water, there's the possibi

Markets | U.S. | Dow | Wall Street Closing Report: Dow climbs 300 points as bond yields jump from historic lows

Yun Li U.S. | 4-5 minutes - Source: CNBC Stocks rallied on Friday as a rebound in bond yields eased fears of a recession that sent stocks tumbling earlier in the week. The Dow Jones Industrial Average rose about 260 points, while the S&P 500 gained 1.4% and the   Nasdaq Composite rose about 1.6%. Apple and Nvidia led the gains. The Dow, however, was still on track to lose 1.6% on the week. Bond yields climbed back from their historic lows on Friday. The U.S. 30-year Treasury yield dropped to a record low on Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors sought out safe-haven assets. Bank stocks rallied along with the rise in bond yields on Friday as Bank of America and Citigroup both gained more than 3%. The SPDR S&P Regional Banking ETF is up 2.5%, on track for its best day since June. The Dow lost 800 points or 3% on Wednesday after the yield on the benchmark 10-year Treasury note briefly broke be

Markets | Bonds | U.S. Treasury Yield Report: US 30-year bond yield falls to record low, threatens to break below 2%

Thomas Franck 2 minutes - Source: CNBC The yield on the benchmark 30-year Treasury bond plunged to a record low on Wednesday as a global hunt for safer assets threatened to send the rate below 2% for the first time in history. Shortly before 8 a.m. ET, the yield on the U.S. 30-year bond traded at 2.015%, well below its prior all-time low of 2.0889% hit in the days following Britain’s June 2016 referendum to leave the European Union. “That this happened with no negative bombshells overnight is significant because a move like this (that is not event-driven), is rooted in something much more secular and durable like a darkening global economic outlook and an ability to look at the forest past the trees when it comes to where inflation is heading down the road,” Gluskin Sheff’s chief strategist David Rosenberg wrote in a note. Bond market anomalies were the focus of Wall Street on Wednesday. Along with the record low in the 30-year

Pope accepts resignation of Washington archbishop in sex abuse crisis I U.S. I Reuters

Image Philip Pullella VATICAN CITY (Reuters) - Pope Francis has accepted the resignation of Cardinal Donald Wuerl as archbishop of Washington, D.C., the Vatican said on Friday, making him one of the most senior Catholic figures to step down in a worldwide sexual abuse crisis. FILE PHOTO: Cardinal Donald William Wuerl from U.S. waves as he arrives for a meeting at the Synod Hall in the Vatican March 7, 2013. REUTERS/Alessandro Bianchi/File Photo Wuerl, 77, who was bishop of Pittsburgh between 1988 and 2006, has been under scrutiny over his handling of sexual abuse cases during that period. He keeps the title of cardinal. In a letter by the pope released in Washington, Francis indicated that he accepted the resignation reluctantly and at Wuerl’s insistence. He asked Wuerl to stay on as administrator until another archbishop could be appointed. Slideshow (7 Images) Wuerl has been under fire since the release in Aug