Stembridge News Digest

  • Industrials lead Dow to record high; tech boosts S&P, Nasdaq Thu, 20 Sep 2018 16:58:48 -0400
    Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street's main indexes to fully regain ground since a correction that began in January. All three major U.S. indexes closed higher as trade worries subsided. Technology companies led the Nasdaq higher, along with the S&P 500, which also hit a new closing high.

  • A year after deadly Maria, U.S. housing funds on way to Puerto Rico Thu, 20 Sep 2018 16:58:39 -0400
    A year after Hurricane Maria ripped through Puerto Rico with 150 mile-per-hour (241 kph) winds, government officials on Thursday announced that about $1.5 billion in federal funds aimed primarily at rebuilding housing will start flowing to the island.

  • EU pushes October Brexit agreement, threatens no deal Thu, 20 Sep 2018 16:28:13 -0400
    European Union leaders will push for a Brexit deal next month but warned Prime Minister Theresa May on Thursday that if she will not give ground on trade and the Irish border by November they are ready to cope with Britain crashing out.

  • Stocks hit new highs as trade worries ease, dollar slips Thu, 20 Sep 2018 16:26:11 -0400
    World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week's fresh U.S. and Chinese tariffs on imports as less harsh than initially feared.

  • Google defends Gmail data sharing, gives few details on violations Thu, 20 Sep 2018 16:25:13 -0400
    Alphabet Inc's Google gave details about its policies for third-party Gmail add-ons but stopped short of fully addressing questions from U.S. senators about developers who break its email-scanning rules.

  • Maryland woman kills three people and herself in warehouse gun rampage Thu, 20 Sep 2018 16:11:54 -0400
    A woman armed with a handgun opened fire on Thursday at a Maryland distribution center for the Rite Aid drugstore chain, killing three people and wounding three others before taking her own life, the Harford County sheriff said.

  • Accuser of Trump's high court nominee willing to testify: email Thu, 20 Sep 2018 16:01:06 -0400
    A lawyer for the woman accusing Brett Kavanaugh, President Donald Trump's U.S. Supreme Court nominee, of sexual assault told a Senate panel the professor would be willing to testify next week if it provides "terms that are fair and which ensure her safety," an email seen on Thursday showed.

  • NAFTA talks grind on, Canada quells talk of U.S. quota on autos Thu, 20 Sep 2018 15:56:31 -0400
    Canada and the United States showed scant sign of being close to striking a deal on revamping the trilateral NAFTA that underpins $1.2 trillion in annual trade, as Canadian sources played down talk of a U.S. quota on autos.

  • Trump defends Supreme Court nominee as accuser faces deadline Thu, 20 Sep 2018 15:28:07 -0400
    President Donald Trump on Wednesday stepped up his defense of his U.S. Supreme Court nominee, saying it was hard to imagine Brett Kavanaugh committed a sexual assault and that it would be unfortunate if his accuser did not testify before the Senate.

  • At least 42 drowned in Lake Victoria ferry sinking, death toll could top 200: officials Thu, 20 Sep 2018 15:22:41 -0400
    At least 42 people drowned when a ferry sank on Thursday in Tanzania's Lake Victoria and government officials feared the final death toll could be more than 200, a senior local official said.

  • Four General Electric power turbines shut down in U.S. due to blade issue Thu, 20 Sep 2018 15:04:39 -0400
    General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an "oxidation issue" and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower.

  • Kavanaugh's accuser ready to testify under certain conditions: New York Times Thu, 20 Sep 2018 14:56:46 -0400
    A lawyer for Supreme Court nominee Brett Kavanaugh's accuser, professor Christine Blasey Ford, told a U.S. Senate committee on Thursday that Ford would be prepared to testify next week if the terms are fair and her safety is ensured, the New York Times reported on Thursday.

  • Flooding expected to worsen in Carolinas in Florence's aftermath Thu, 20 Sep 2018 14:55:20 -0400
    Flooding from rain-swollen rivers was expected to worsen across the Carolinas on Thursday and the next couple of days in the aftermath of Hurricane Florence, which killed 36 people in three states, forecasters said.

  • Over 104,000 without power in North Carolina after Florence Thu, 20 Sep 2018 14:55:20 -0400
    More than 104,000 homes and businesses in North Carolina were still without power on Thursday after Hurricane Florence hit the state's coast on Sept. 14, according to local power companies.

  • Brexit at breaking point? Diary dates for Britain's EU departure Thu, 20 Sep 2018 14:50:43 -0400
    British Prime Minister Theresa May has little more than six months to negotiate a Brexit deal with the European Union, sell it to her divided Conservative Party and win parliamentary approval.

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