Today's Top News Story

Futures rise with bank earnings in focus

(Reuters) - U.S. stock index futures rose on Tuesday as investors geared up for quarterly earnings reports from the big U.S. banks to provide clues on corporate America's expectations for the pace of an economic recovery in the second half of the year. Read More

 

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How to read U.S. economic data, without the spin

SAN FRANCISCO (Reuters) - As the United States gears up for presidential, congressional and local elections in November, the country's economy is also on a rollercoaster ride. More »

 

Prominent Democrats press Fed, Treasury to aid states, citing racial inequality

(Reuters) - With the Republican-controlled U.S. Congress far from agreement on how or even whether to give more aid to states and cities reeling from revenue losses during the coronavirus crisis, three U.S. Senate Democrats are appealing to the U.S. Treasury and the Federal Reserve to do more to help. More »

 

JPMorgan profit sinks as loan loss provisions surge

(Reuters) - JPMorgan Chase & Co reported a more than 50% drop in second-quarter profit on Tuesday, as the coronavirus pandemic weighed on its lending business and forced the largest U.S. bank to build reserves against a wave of potential defaults. More »

 

Fight for control of U.S. Senate starts with Maine, Texas, Alabama primaries

WASHINGTON (Reuters) - Democrats could take a step toward wresting control of the U.S. Senate from Republicans on Tuesday when voters in Maine, Texas and Alabama cast ballots in nominating contests. More »

 

Niche U.S. finance firms grease global trade of masks, gloves

NEW YORK/BOSTON (Reuters) - From specialty finance firms to boutique investment banks, a disparate mix of small financiers is bankrolling a U.S. gold rush for masks, gloves and other supplies in the wake of the novel coronavirus. More »

 

Canada and U.S. likely to extend ban on non-essential travel

OTTAWA (Reuters) - Canada and the United States are set to extend a ban on non-essential travel that was imposed to fight the coronavirus outbreak, although a final decision has not been taken, two Ottawa sources familiar with the matter said on Monday. More »

 

U.S. rejects China's claims in South China Sea, adding to tensions

WASHINGTON/BEIJING (Reuters) - The United States on Monday rejected China's claims to offshore resources in most of the South China Sea, drawing criticism from China which said the U.S. position raised tension in the region, highlighting an increasingly testy relationship. More »

 

U.S. Supreme Court allows federal executions to proceed

(Reuters) - The U.S. Supreme Court ruled on Tuesday that the first federal executions in 17 years could proceed, overturning an injunction blocking them in order to allow legal challenges to the government's lethal-injection protocol to continue. More »

 

Ukraine: it's too early to blame human error for downing of passenger plane in Iran

KYIV (Reuters) - Ukraine's foreign minister said on Tuesday it was soon to blame human error for the shooting down of a Ukrainian passenger airliner near Tehran in January, challenging the findings of Iran's Civil Aviation Organisation (CAO). More »

 

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