Articles by USNN World News

Economy

Mnuchin signals stimulus deal is near, driving Dow up nearly 400 points at open

by USNN World NewsSeptember 30, 2020December 28, 2024

Congress

House GOP China task force to release report on combating Chinese Communist Party: ‘US must act decisively’

by USNN World NewsSeptember 30, 2020August 4, 2024

Opinion

Trump clearly defeats Biden in first presidential debate

by USNN World NewsSeptember 30, 2020September 30, 2020

A divided government would cause the S&P 500 to rise 11% over the near term

Economy

The best election outcome for stocks: Goldman Sachs

by USNN World NewsSeptember 30, 2020June 20, 2024

Stocks popped at the open, reversing morning losses after Treasury Secretary Steven Mnuchin signaled a stimulus deal could be announced today after much negotiating with House Speaker Nancy Pelosi. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 27878.31 +425.65 +1.55% SP500 S&P 500 3377.62 +42.15 +1.26% I:COMP NASDAQ COMPOSITE INDEX 11231.592497 +146.34 +1.32% All three of the major averages rallied with the Dow Jones Industrial Average locking in a gain of nearly 400 points or 1.3%, while the S&P 500 and Nasdaq Composite rose over 1% each. Also driving the move a major jump in pending home sales which rose a record 8.8% in August. The combination, along with a better-than-expected ADP jobs report, helped temper investor concerns after the nasty presidential debate between President Donald Trump and Democratic nominee Joe Biden. Biden and Trump clashed on everything from the coronavirus pandemic to the economy to racial injustice. President Trump and presidential candidate Joe Biden discuss allegations over tax records and spar over economic plans. Video GDP Drops, Jobs Rebounding The ADP Employment Change showed 749,000 jobs were added in September, stronger than expected, as the economy continues to recover from the ongoing coronavirus pandemic. This helped offset GDP for the second quarter which dropped 31.4%, in-line with an expected decline of 31.7% tied to COVID-19. ENERGY, FINANCIALS PULL STOCKS DOWN AHEAD OF BIDEN-TRUMP DEBATE Ticker Security Last Change Change % DIS WALT DISNEY COMPANY 124.31 -1.05 -0.84% On the corporate front, The Walt Disney Company announced it would be laying off 28,000 employees, as its parks business in the U.S. has struggled, despite reopening in California and Florida. DISNEYS HAWAII RESORT TO START PHASED REOPENING IN NOVEMBER Disney's Chairman of Parks, Experiences and Products, Josh D'Amaro, announced the layoffs of "castmembers" Tuesday evening, citing "limited capacity due to physical distancing requirements" and the uncertainty of the duration of the pandemic. As such, D'Amaro said the company has made "the very difficult decision to begin the process of reducing our workforce." Ticker Security Last Change Change % GM GENERAL MOTORS COMPANY 29.50 +0.77 +2.66% NKLA NIKOLA CORPORATION 20.00 +2.12 +11.88% General Motors may decide to extend talks with Nikola Corporation on its $2 billion deal, CNBC reported. The deal, which had been expected to close on Wednesday, is under scrutiny after short-seller Hindenburg Research said Nikola made false claims about its technology for its electric trucks. The company's former chairman, Trevor Milton, also recently resigned, amid allegations of sexual harassment. Ticker Security Last Change Change % CZR CAESARS ENTERTAINMENT 56.56 +2.07 +3.80% PENN PENN NATIONAL GAMING 72.97 +3.56 +5.13% DKNG DRAFTKINGS 57.20 +1.46 +2.61% Caesars Entertainment announced it would buy British-gambling company William Hill for 272 pence per share, valuing William Hill at $3.73 billion, or 2.9 billion British pounds. The deal puts other gaming stocks in focus. Ticker Security Last Change Change % AAPL APPLE INC. 115.86 +1.76 +1.55% Apple Inc. awarded CEO Tim Cook his first major stock grant since 2011, giving Cook an additional 333,987 restricted stock units that will vest in thirds on an annual basis starting in 2023, according to an SEC filing Tuesday. “Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity," Apple's Board of Directors told FOX Business in a statement late Tuesday. "For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward.” APPLE BECOMES FIRST U.S. COMPANY WORTH $2 TRILLION Crude oil inventories also showed a healthy draw down signaling demand is picking up. Ticker Security Last Change Change % USO UNITED STATES OIL FUND L.P. 28.16 +0.47 +1.70% GET FOX BUSINESS ON THE GO BY CLICKING HERE The yield on the 10-Year Treasury dipped to 0.646%, the sixth drop in the past eight trading days. European markets were lower in Wednesday trading, with the FTSE 100 and DAX falling 0.2% and 0.5%, respectively. CLICK HERE TO READ MORE ON FOX BUSINESS Fox News' Marisa Schultz and FOX Business Lucas Manfredi contributed to this story.

National News

Cuomo’s office reportedly pushing against sending new ballots after voters received mismarked envelopes

by USNN World NewsSeptember 30, 2020March 5, 2025

Biden and Trump attacked each other in personal terms for more than 90 minutes

National News

Top 5 moments from Trump and Biden’s rough and rowdy first presidential debate

by USNN World NewsSeptember 30, 2020September 30, 2020

Opinion

First presidential debate: What to watch for at the Trump vs. Biden showdown

by USNN World NewsSeptember 29, 2020March 27, 2025

Department of Justice

Flynn lawyer in fiery hearing tells judge to recuse self over ‘abject bias,’ says she asked Trump not to pardon

by USNN World NewsSeptember 29, 2020September 29, 2020

Supreme Court and ObamaCare – here's what to expect if law is not upheld

National News

Texas’ largest county is approving voter registrations for noncitizens, lawsuit claims

by USNN World NewsSeptember 29, 2020October 20, 2025

Opinion

Supreme Court and ObamaCare – here’s what to expect if law is not upheld

by USNN World NewsSeptember 29, 2020September 29, 2020

National News

Rep. Scalise: ‘Somebody clearly broke the law to leak’ Trump’s tax history

by USNN World NewsSeptember 29, 2020March 14, 2025

National News

‘Mass confusion’ in major city over mismarked absentee ballots

by USNN World NewsSeptember 29, 2020May 11, 2025

NATIONAL NEWS

From Gas to Green and Back: How a Second Trump Term Will Impact US Energy

By Andrew Moran “We will frack, frack, frack, and drill, baby, drill,” former President Donald Trump said in an Oct. 18 speech at a Detroit ...

Honoring Our Heroes: A Veterans Day Tribute to Those Who Served

By Stephen Zogopoulos, USNN World News Veterans Day stands as a solemn reminder of the countless men and women who have stepped forward in moments ...

How a Second Trump Term Could Impact US Production, Prices, and Investments

By Kevin Stocklin Former President Donald Trump’s reelection to the presidency was welcomed by many business leaders and investors, driving the S&P 500 index up ...

Gallego’s Lead Over Lake Grows in Arizona Senate Race

By Zachary Stieber Rep. Ruben Gallego (D-Ariz.) over the weekend saw his lead over Republican Kari Lake grow in the last uncalled U.S. Senate race ...

Trump to Nominate Rep. Elise Stefanik as UN Ambassador

By Jackson Richman President-elect Donald Trump announced on Nov. 11 he will nominate House GOP Conference Chair Elise Stefanik (R-N.Y.) to be U.S. ambassador to ...

Trump Wins Arizona, Completing Sweep of 7 Battleground States

By John Haughey President-elect Donald Trump has won Arizona, completing a sweep of the seven battleground states in the 2024 election. The Associated Press called the ...

Trump Sets Condition for Next Senate Republican Leader

By Jack Phillips President-elect Donald Trump on Sunday publicly offered at least one condition for the next Republican Senate majority leader: they must agree to ...

ChatGPT Rejected Over 250,000 Requests to Create Images of Presidential Candidates Before Election

By Aldgra Fredly OpenAI said on Friday that ChatGPT had denied more than 250,000 requests to generate images of U.S. presidential candidates ahead of the ...

Biden, Trump to Meet Wednesday as Transition Stage Gets Underway

By Tom Ozimek President Joe Biden and President-elect Donald Trump will meet at 11 a.m. at the White House on Nov. 13 to discuss plans ...

What Trump and Grover Cleveland Have in Common

By Savannah Hulsey Pointer President-elect Donald Trump will become the second president in the United States to serve two nonconsecutive terms when he takes office ...

Memes, Pop Culture, and Economy: How Young Voters Helped Trump Win

By Petr Svab President-elect Donald Trump has many people to thank for winning the election, but near the top of the list should be his ...

Federal Judge Vacates Trump Case Deadlines After Jack Smith Seeks Pause

By Jack Phillips A federal judge on Friday granted special counsel Jack Smith’s request to provide him more time to look into the “unprecedented circumstances” ...