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Category: National News

National News (United States)

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.
Posted inNational News

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

USNN World Newsby USNN World NewsSeptember 30, 2020March 5, 2025
Biden and Trump attacked each other in personal terms for more than 90 minutes
Posted inNational News

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

USNN World Newsby USNN World NewsSeptember 30, 2020September 30, 2020
Supreme Court and ObamaCare – here's what to expect if law is not upheld
Posted inNational News

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

USNN World Newsby USNN World NewsSeptember 29, 2020March 27, 2025
Rep. Scalise: ‘Somebody clearly broke the law to leak’ Trump’s tax history
Posted inNational News

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

USNN World Newsby USNN World NewsSeptember 29, 2020March 14, 2025
'Mass confusion' in major city over mismarked absentee ballots
Posted inNational News

‘Mass confusion’ in major city over mismarked absentee ballots

USNN World Newsby USNN World NewsSeptember 29, 2020May 11, 2025
Trump campaign requests third party inspector to check for electronic devices in candidates' ears
Posted inNational News

Trump campaign requests third party inspector to check for electronic devices in candidates’ ears

USNN World Newsby USNN World NewsSeptember 29, 2020September 29, 2020
PROJECT VERITAS BOMBSHELL: ILHAN OMAR CONNECTED TO ILLEGAL BALLOT HARVESTING SCHEME
Posted inNational News

Project Veritas Bombshell: Ilhan Omar Connected to Illegal Ballot Harvesting Scheme

USNN World Newsby USNN World NewsSeptember 28, 2020September 28, 2020
Longstanding tradition at debates comes to an end during first face off between Trump, Biden
Posted inNational News

Longstanding tradition at debates comes to an end during first face off between Trump, Biden

USNN World Newsby USNN World NewsSeptember 28, 2020September 28, 2020
California wildfires rage as wine country blaze forces evacuation of hospital, hundreds of homes
Posted inNational News

California wildfires rage as wine country blaze forces evacuation of hospital, hundreds of homes

USNN World Newsby USNN World NewsSeptember 28, 2020May 11, 2025
Some Minneapolis City Council members may regret pledge to dismantle police department: report
Posted inNational News

Some Minneapolis City Council members may regret pledge to dismantle police department: report

USNN World Newsby USNN World NewsSeptember 28, 2020June 13, 2025
Trump calls New York Times report that he avoid paying taxes 'totally made up'
Posted inNational News

Trump calls New York Times report that he avoid paying taxes ‘totally made up’

USNN World Newsby USNN World NewsSeptember 28, 2020September 28, 2020
Trump takes press to task for skipping over Hunter Biden scandals
Posted inNational News

Trump takes press to task for skipping over Hunter Biden scandals

USNN World Newsby USNN World NewsSeptember 28, 2020May 14, 2025

Posts pagination

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NATIONAL NEWS

  • Duplicate Medicaid Enrollees Cost Taxpayers $14 Billion a Year: ReportDuplicate Medicaid Enrollees Cost Taxpayers $14 Billion a Year: Report
    By Lawrence Wilson Millions of people are enrolled in government health-care programs in more than one state or signed up concurrently in multiple programs that ...
  • FBI and NSA Had Low Confidence That Russia Was Behind the DNC HackFBI and NSA Had Low Confidence That Russia Was Behind the DNC Hack
    By Ivan Pentchoukov The FBI and the National Security Agency, in the heat of the 2016 election, dissented from an intelligence community assessment, which judged ...
  • Home Builder Confidence Improves Following Passage of Trump’s MegabillHome Builder Confidence Improves Following Passage of Trump’s Megabill
    By Naveen Athrappully Confidence among home builders regarding future sales expectations increased this month after President Donald Trump signed the One Big Beautiful Bill Act ...
  • Trump Undergoes Medical Exam After Swelling in LegsTrump Undergoes Medical Exam After Swelling in Legs
    By T.J. Muscaro President Donald Trump underwent a medical evaluation after swelling in his lower legs and bruising on his hands, the White House said. ...
  • House Passes Landmark Stablecoin Bill, Sends It to Trump’s DeskHouse Passes Landmark Stablecoin Bill, Sends It to Trump’s Desk
    By Andrew Moran and Nathan Worcester House lawmakers passed a landmark stablecoin bill on July 17 in a vote of 308–122, sending it to President ...
  • Trump Admin Cancels Funding for California’s High-Speed Rail ProjectTrump Admin Cancels Funding for California’s High-Speed Rail Project
    By Naveen Athrappully U.S. President Donald Trump announced the cancellation of funding for California’s High-Speed Rail project, citing delays and affordability issues, according to a ...
  • Senate Approves Trump’s $9 Billion Spending Cut PackageSenate Approves Trump’s $9 Billion Spending Cut Package
    By Joseph Lord The U.S. Senate on July 16 voted to pass $9 billion in spending cuts requested by President Donald Trump, including cuts to ...
  • 7.3 Magnitude Earthquake Hits Off Alaska Coast; Tsunami Warning Issued7.3 Magnitude Earthquake Hits Off Alaska Coast; Tsunami Warning Issued
    By Jack Phillips A 7.3-magnitude earthquake struck off the coast of southern Alaska on Wednesday afternoon, prompting federal officials to issue a tsunami warning. A U.S. ...
  • Senate Advances Trump’s $9 Billion Spending Cut Bill as Vance Casts Tie-Breaking VoteSenate Advances Trump’s $9 Billion Spending Cut Bill as Vance Casts Tie-Breaking Vote
    By Joseph Lord Vice President JD Vance on July 15 cast a tie-breaking vote to advance a package that would rescind $9 billion in funding ...
  • ‘He was crying for help’: Man dies following struggle with police outside Haverhill restaurant‘He was crying for help': Man dies following struggle with police outside Haverhill restaurant
    By Marc Fortier, Kaitlin McKinley Becker and Mary Markos A 43-year-old man died on Friday after a struggle with police outside a seafood restaurant in Haverhill, Massachusetts. Haverhill police received ...
  • Attorney General Issues Memo Outlining Next Steps in Making English Official Language in USAttorney General Issues Memo Outlining Next Steps in Making English Official Language in US
    By Michael Clements The Trump administration is reversing the longstanding practice of requiring information on federal programs to be provided in multiple languages for people ...
  • What to Know About the ICE Operation at California Cannabis FarmsWhat to Know About the ICE Operation at California Cannabis Farms
    By Savannah Hulsey Pointer Immigration and Customs Enforcement (ICE) made national headlines over the weekend due to a July 10 large-scale operation at two California ...
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