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Tag Archives: U.S.

U.S. economy stalls in first quarter as activity weakens broadly

U.S. economic growth braked sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, …

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Fed signals no rush to hike rates as economy hits soft patch

The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the U.S. economy. In a statement that largely mirrored the one issued after …

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U.S. warns of ‘other’ options if North Korea continues nuclear, missile tests

The United States warned on Tuesday it would consider “other” options, which could include new sanctions or security steps, if North Korea continued nuclear and ballistic missile testing. South Korea’s Yonhap news agency earlier said North Korea appeared to be preparing a test-launch of an intermediate-range ballistic missile, after what …

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On Election Eve for five states, Trump rips Cruz and Kasich

Republican Donald Trump, on the eve of primary elections in five states that he is expected to sweep, launched blistering attacks on Monday on rivals Ted Cruz and John Kasich for their 11th-hour joint effort aimed at denying him the party’s presidential nomination. The Cruz-Kasich agreement, which some stop-Trump Republican …

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U.S. approves Charter’s Time Warner Cable buy with conditions

The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc’s (CHTR.O) proposed purchase of Time Warner Cable Inc (TWC.N) and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider. The Justice Department’s approval carried conditions designed to protect competition, coming at …

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Republicans Cruz, Kasich reach ‘stop-Trump’ deal

Republican White House rivals Ted Cruz and John Kasich announced a deal on Sunday to stay out of each other’s way in some upcoming state primaries in hopes of blocking front-runner Donald Trump from winning the party’s presidential nomination. Cruz’s campaign said in a statement he would focus on the …

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Obama plans 250 more U.S. troops for Syria, boosting force to 300

President Barack Obama will announce on Monday he plans to send as many as 250 additional U.S. troops to Syria, a sharp increase in the American presence working with local Syrian forces fighting Islamic State militants, U.S. officials said. The deployment, which will increase U.S. forces in Syria to about …

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Harriet Tubman to be first African-American on U.S. currency

Anti-slavery crusader Harriet Tubman will become the first African-American on the face of U.S. paper currency, and the first woman in more than a century, when she replaces former President Andrew Jackson on the $20 bill. The U.S. Treasury Department said on Wednesday that Tubman, who was born into slavery …

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Trump, Clinton win New York, take big step toward presidential nomination

Front-runners Donald Trump and Hillary Clinton rolled to easy wins in New York state’s presidential nominating contests on Tuesday, recapturing lost campaign momentum and taking big steps toward capturing their respective parties’ nominations. Republican Trump’s huge victory in his home state pushed him closer to capturing the 1,237 delegates needed …

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U.S. housing data adds to signs of weak first-quarter GDP growth

U.S. housing starts fell more than expected in March and permits for future home construction hit a one-year low, suggesting some cooling in the housing market in line with signs of a sharp slowdown in economic growth in the first quarter. Tuesday’s report from the Commerce Department continued the recent …

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