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  • In a first, Twitter adds fact-check warnings to Trump tweetsUpdated: 05/26/2020 8:34 PM

    For the first time, Twitter has flagged some of President Donald Trump's tweets with a fact-check warning. On Tuesday, Twitter added a warning phrase to two Trump tweets that called mail-in ballots “fraudulent” and predicted that “mail boxes will be robbed,” among other things. Under the tweets, there is now a link reading “Get the facts about mail-in ballots” that guides users to a Twitter “moments” page with fact checks and news stories about Trump’s unsubstantiated claims. Until now, the president has simply blown past Twitter’s half-hearted attempts to enforce rules intended to promote civility and “healthy” conversation on its most prominent user.See full story
  • Citgo sues Miami firm over millions lost in Venezuela fraudUpdated: 05/26/2020 8:16 PM

    MIAMI (AP) — When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation's rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. Increasingly, it's also unleashing a torrent of lawsuits. The latest came Tuesday, when the Guaidó-appointed board of Citgo, the U.S. subsidiary of Venezuela's state oil company, filed a lawsuit in federal court in Houston against a former contractor seeking to recover millions of dollars in damages.See full story
  • Judge strikes down US energy leasing rules in bird habitatUpdated: 05/26/2020 5:19 PM

    BILLINGS, Mont. (AP) — A U.S. judge has dealt another blow to the Trump administration's efforts to increase domestic oil and gas output from public lands, saying officials failed to protect habitat for a declining bird species when it issued energy leases on hundreds of square miles. Judge Brian Morris said the Interior Department did not do enough to encourage development outside of areas with greater sage grouse, a ground-dwelling bird whose numbers have dropped dramatically in recent decades.See full story
  • Wall Street up as recovery hopes overshadow virus worriesUpdated: 05/26/2020 4:48 PM

    Stocks closed higher on Wall Street Tuesday, driving the S&P 500 and Dow Jones Industrial Average to their highest levels in nearly three months as optimism over the reopening of the economy overshadowed lingering worries about the coronavirus pandemic. The S&P 500 rose 1.2%, for a time climbing above the 3,000-point mark for the first time since March 5, until a burst of selling in the final minutes of trading trimmed the market's gains. The Dow spent much of the day above the 25,000-point threshold for the first time since March 10, but the late pullback knocked it slightly lower.See full story
  • NYSE floor reopens, traders buy shares of Crocs, airlinesUpdated: 05/26/2020 4:36 PM

    The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus. ________________________ GREEN SHOOTS: States are in varying degrees of reopening, and so are businesses. — The New York Stock Exchange reopened the trading floor Tuesday, though with plexiglass shields and far fewer traders. — U.S. restaurant traffic is starting to return as states push to get back to normal.See full story
  • France deploys $8.8 billion to rescue ailing car industryUpdated: 05/26/2020 4:01 PM

    PARIS (AP) — France’s government is injecting more than 8 billion euros ($8.8 billion) to save the country’s car industry from huge losses wrought by virus lockdowns, and wants to use the crisis to make France the No. 1 producer of electric vehicles in Europe. Starting next week, consumers can get up to 12,000 euros from the government for buying an electric car under the “historic” plan unveiled Tuesday by French President Emmanuel Macron. “Our country wouldn’t be the same without its great brands – Renault, Peugeot, Citroen,” Macron said, decrying an “unprecedented crisis” for the industry that has seen production plunge more than 90% in France alone.See full story
  • Consumer confidence up slightly but remains near 6-year lowUpdated: 05/26/2020 3:07 PM

    WASHINGTON (AP) — U.S. consumer confidence inched up this month, showing signs of stabilizing, but remained near a six-year low in the face of the widespread business shutdowns that have sent the economy into recession. The Conference Board said Tuesday that its confidence index ticked up to a reading of 86.6 in May from 85.7 in April. The index, which reflects consumers’ assessments of present conditions and expectations about the future, had plummeted in the previous two months. The index had reached 130.7 in February before tumbling about 12 points in March and by more than 20 in April.See full story
  • Latam Airlines seeks bankruptcy protection as travel slumpsUpdated: 05/26/2020 12:58 PM

    BANGKOK (AP) — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic. The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel industry as a result of the lockdowns, quarantines and other measures taken by governments the world over to stem the spread of the virus that causes COVID-19. Passenger and cargo flights will continue to operate during the reorganization, and employees will still be paid, the Santiago, Chile-based airline said.See full story
  • Bell rings but trading floor chaos subdued as NYSE reopensUpdated: 05/26/2020 12:55 PM

    NEW YORK (AP) — The trading floor of the New York Stock Exchange reopened for the first time in two months with New York Gov. Andrew Cuomo ringing the iconic bell, but the controlled chaos was more subdued Tuesday under new pandemic rules. The floor, known worldwide for an anarchic atmosphere with traders shouting orders over one another, has been closed since mid-March due to the coronavirus outbreak. The NYSE says fewer traders will be on the floor at a given time for now in order to support six-feet social distancing requirements.See full story
  • Sweden steadfast in strategy as virus toll continues risingUpdated: 05/26/2020 11:15 AM

    STOCKHOLM (AP) — Sweden's government defended its response to the COVID-19 global pandemic on Tuesday despite the Scandinavian country now reporting one of the highest mortality rates in the world with 4,125 fatalities, or about 40 deaths per 100,000 people. “Transmission is slowing down, the treatment of COVID-19 patients in intensive care is decreasing significantly, and the rising death toll curve has been flattened,” Foreign Minister Ann Linde told foreign correspondents at a briefing in Stockholm.See full story

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