Trump, Brexit uncertainty hit stocks and dollar, gold jumps
U.S. stocks and the dollar fell while gold and government bonds rose on Tuesday as investors fled for safety after President-elect Donald Trump said the U.S. currency was too strong and they also questioned if his campaign promises would be fulfilled. Meanwhile sterling jumped as Prime Minister Theresa May said Britain would quit the European Union single market when the country leaves the EU. Wall Street was weighed down by the financial sector, and U.S. Treasury prices gained on concerns about protectionist trade policies from Trump who has talked about slamming hefty taxes on importers of goods such as cars.
Obama gives $500 million to climate fund over GOP objectionsWASHINGTON (AP) ? With just three days left in office, the Obama administration has doubled an initial $500 million commitment to a fund that helps developing nations fight climate change and adapt to its consequences.
CSX beats Street 4Q forecasts
CSX Corp. (CSX) on Tuesday reported fourth-quarter net income of $458 million. The Jacksonville, Florida-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring ...
Gun industry, suicide prevention forge unlikely alliance
LAS VEGAS (AP) ? It's a difficult topic to discuss, fraught with politics and social stigma, and an even tougher one to fix: people who kill themselves with a gun. But now two unlikely allies ? the gun industry and a leading suicide prevention group ? are coming together to tackle it.
May puts Britain on course for 'hard' Brexit
Prime Minister Theresa May unveiled her Brexit blueprint on Tuesday, announcing for the first time that Britain will leave Europe's single market in order to control EU immigration. In a highly-anticipated speech, May warned the EU against imposing harsh terms on Britain's divorce from the bloc after more than four decades of membership. EU leaders have insisted single market membership means accepting free movement -- a key issue in Britain's shock June referendum vote to become the first country to leave the 28-member group.
Andy Cohen's near-clash: Joan Rivers, Maksim Chmerkovskiy
Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages
By Karen Freifeld NEW YORK (Reuters) - Deutsche Bank has signed a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday. Deutsche's agreement represents the largest resolution for the conduct of a single entity in misleading investors in residential mortgage-backed securities, the department said in a statement. "Deutsche Bank did not merely mislead investors: it contributed directly to an international financial crisis," Attorney General Loretta Lynch said in the statement.
In Price's Ga. district, what happens after health repealROSWELL, Ga. (AP) ? Carla Dent is a restaurant owner who steers her employees to federal health insurance exchanges. Eden Purdy helps poor and working-class Georgians navigate the health care marketplace. Bryson Boech is a grocery cashier recently diagnosed with multiple sclerosis, what the insurance industry calls a pre-existing condition.
Trump Interior nominee would review Obama's limits on oil drilling
By Valerie Volcovici and Timothy Gardner WASHINGTON (Reuters) - President-elect Donald Trump's pick to run the Department of the Interior, Representative Ryan Zinke of Montana, said during his confirmation hearing on Wednesday that he would review President Barack Obama?s moves to limit oil and gas drilling in Alaska and some other parts of the country if confirmed. "Yes," he said in response to a question from Republican Senator Lisa Murkowski of Alaska about whether he would review drilling limits on federal land in her state as head of the department. "The president-elect has said that we want to be energy independent.
The Latest: Senate Democrats urge Trump not to fire Cordray