Latest Government regulations News

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)

Wall Street climbs again on hopes for economic revival

May. 27, 2020 9:57 AM EDT

Stocks are rising again on Wall Street Wednesday, and the S&P 500 is climbing toward its seventh gain in the last nine days. The S&P 500 was up 0.7% after the first 10 minutes of trading, with travel companies, banks and other stocks that would benefit the most from a reopening economy leading the way. It...

President Donald Trump answers questions from reporters during an event on protecting seniors with diabetes in the Rose Garden White House, Tuesday, May 26, 2020, in Washington. (AP Photo/Evan Vucci)

Trump threatens social media after Twitter fact-checks him

May. 27, 2020 8:29 AM EDT

WASHINGTON (AP) — President Donald Trump on Wednesday threatened social media companies with new regulation or even shuttering a day after Twitter added fact checks to two of his tweets. The president can’t unilaterally regulate or close the companies, which would require action by Congress or the...

FILE - In this May 7, 2020, file photo, beer taps of South African Brewery brands are seen through the window of a closed bar in Cape Town, South Africa. A bootlegging culture has sprung up across South Africa in response to the government's nearly 8-week-old ban on the sale of cigarettes and alcohol. (AP Photo/Nardus Engelbrecht, File)

South African bans on tobacco, liquor amid virus stir debate

May. 27, 2020 2:51 AM EDT

JOHANNESBURG (AP) — A soccer mom in one of Cape Town's posh suburbs drops off a cardboard box of blankets to a neighbor. Inside the box are several bottles of red wine. In Johannesburg's Alexandra township, two men in face masks greet each other on a sunny street. One has surreptitiously sold the other a...

Indians wearing face masks as prevention against the coronavirus walk past a roadside bookshop in Bengaluru, India, Tuesday, May 26, 2020. For a seventh consecutive day India reported a record single-day jump in new virus cases. India has been easing its lockdown, with domestic flights resuming Monday at a fraction of normal. (AP Photo/Aijaz Rahi)

The Latest: India surpasses 150,000 virus cases

May. 27, 2020 2:16 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — India surpasses 150,000 coronavirus cases with another...

Brazil's President Jair Bolsonaro, wearing a face mask with a logo reading in Portuguese

Brazil envoy to U.S. praises warning, aid despite travel ban

May. 27, 2020 12:04 AM EDT

WASHINGTON (AP) — The administration of President Jair Bolsonaro is grateful for a U.S. warning that it intended to deny entry to foreigners arriving on flights from Brazil and for “gifts” to help cope with the COVID-19 pandemic, the South American country's top diplomat in Washington said in...

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)

Asia stocks mixed on uncertainty over Hong Kong security law

May. 26, 2020 11:48 PM EDT

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a...

Sen. Kelly Loeffler, R-Ga., listens during a virtual Senate Committee for Health, Education, Labor, and Pensions hearing, Tuesday, May 12, 2020 on Capitol Hill in Washington. (Win McNamee/Pool via AP)

US closes probes into 3 senators over their stock trades

May. 26, 2020 8:23 PM EDT

WASHINGTON (AP) — The Justice Department has closed investigations into stock trading by Sens. Dianne Feinstein of California, Kelly Loeffler of Georgia and Jim Inhofe of Oklahoma, according to people familiar with notifications sent to the senators. The senators came under scrutiny for transactions made...

SOS Funeral workers transport by boat a coffin carrying the body of an 86-year-old woman who lived by the Negro River and is a suspected to have died of COVID-19, near Manaus, Brazil, Thursday, May 14, 2020. The virus has spread upriver from Manaus, creeping into remote riverside towns and indigenous territories to infect indigenous tribes. (AP Photo/Felipe Dana)

What you need to know today about the virus outbreak

May. 26, 2020 8:05 PM EDT

As Brazil and India struggle with surging coronavirus cases, a top health expert is warning that the world is still smack in the middle of the pandemic, dampening hopes for a speedy global economic rebound and renewed international travel. “Right now, we’re not in the second wave. We’re right...

FILE - In this March 9, 2010, file photo a tanker truck passes the Chevron oil refinery in Richmond, Calif. A federal appeals court ruled Tuesday, May 26 against major oil companies in lawsuits brought by California cities and counties seeking damages for the impact of climate change. A panel of the 9th U.S. Circuit Court of Appeals said state courts are the proper forum for the lawsuits alleging that Big Oil promoted petroleum as environmentally responsible when producers knew it was causing damage. (AP Photo/Paul Sakuma, File)

Big Oil loses appeal, climate suits go to California courts

May. 26, 2020 7:40 PM EDT

LOS ANGELES (AP) — Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy companies and ruled state courts are the proper forum...

A man wearing a protective face mask passes the New York Stock Exchange, Tuesday, May 26, 2020, as employees arrive for the partial reopening of the trading floor. (AP Photo/Mark Lennihan)

Stocks rise on Wall Street, but US braces for 100,000 deaths

May. 26, 2020 7:23 PM EDT

NEW YORK (AP) — Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation's official death toll from the coronavirus closed in on 100,000, a number President Donald...