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NEW YORK (AP) - Stocks closed lower on Wall Street while gold and silver prices plunged as investors tried to gauge what President Donald Trump's new nominee to lead the Federal Reserve will mean for interest rates going forward. The S&P 500 dropped 0.4%. The Dow fell 0.4%, and the Nasdaq sank 0.9%. Gold's price dropped 11%, and silver sank more than 30%.
WASHINGTON (AP) – President Donald Trump moved quickly this week to negotiate with Democrats to try and avert a lengthy government shutdown over Department of Homeland Security funding, a sharp departure from last year’s record standoff, when he refused to budge for weeks. Some Republicans are frustrated with the deal.
NEW YORK (AP) – Newly disclosed government files on Jeffrey Epstein are offering more details about his interactions with the rich and famous after he served time for sex crimes in Florida, and on how much investigators knew about his abuse of underage girls when they decided not to indict him on federal charges nearly two decades ago.
NEW YORK (AP) – American Express saw its profits grow 13% in the fourth quarter, as the credit card giant continues to benefit from its well-to-do clientele spending heavily on their cards on everything from luxury goods to restaurants to travel.
WASHINGTON (AP) – President Donald Trump’s nomination of Kevin Warsh to chair the Federal Reserve could bring about sweeping changes at a central bank that dominates the global economy and markets like no other. Warsh, if approved by the Senate, will be under close scrutiny from financial markets and Congress given his appointment by a president demanding lower rates.
BANGKOK (AP) – The Bank of Thailand plans to tighten regulations on online gold trading to curb the impact of fluctuating prices on the local currency.
DEIR AL-BALAH, Gaza Strip (AP) – Hospitals in Gaza said Israeli strikes killed at least 30 Palestinians including several children on Saturday, one of the highest tolls since the October ceasefire, a day after Israel accused Hamas of new truce violations. The strikes hit locations throughout Gaza, including an apartment building in Gaza City and a tent camp in Khan Younis.
ISTANBUL (AP) – Iran is ready for dialogue to resolve tensions with the United States but that there are no concrete plans for talks with Washington, Foreign Minister Abbas Araghchi said Friday, even as Tehran faces the threat of U.S. military action in response to the killing of peaceful demonstrators and over possible mass executions.
UNITED NATIONS (AP) – The United Nations chief is warning that the world body faces “imminent financial collapse” unless its financial rules are overhauled or all 193 member nations pay their dues – a message likely directed at the United States and the billions it owes.
President Donald Trump said Tuesday a “big investigation” was underway into the killing of protester and ICU nurse Alex Pretti by federal agents in Minneapolis. “I want to see the investigation. I’m going to be watching over it, and I want a very honorable and honest investigation. I have to see it myself,” the president said as he left the White House.
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