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S&P 500 closes nominally higher amid COVID-19 spikes, muted data

The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.

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Trump unfit to be U.S. president, Democrat Pelosi, conservative Bolton agree

President Donald Trump came under attack from both sides of the American political spectrum on Thursday as liberal Democratic leader Nancy Pelosi and former White House aide and conservative hawk John Bolton both declared him unfit to lead the country.

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Trump pledges new list of conservative Supreme Court contenders

President Donald Trump, hit by a second U.S. Supreme Court loss in four days, said on Thursday he plans to issue an updated list of potential conservative nominees to the high court after the justices halted one of his hardline immigration policies.

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Mexico’s foreign ministry says it will monitor U.S. DACA program developments

Mexico’s foreign ministry said on Thursday it would monitor the continuity of the Deferred Action for Childhood Arrivals (DACA) immigration program in the United States after the U.S. Supreme Court blocked President Donald Trump’s bid to abolish it.

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U.S. Senate votes to confirm McConnell protege to influential appeals court

The U.S. Senate on Thursday voted to confirm a federal judge who is a protege of Senate Republican Leader Mitch McConnell to an influential appeals court in Washington.

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Facebook takes down Trump ads over ‘organized hate’ policy

Facebook Inc said on Thursday it took down posts and ads run by the re-election campaign of U.S. President Donald Trump for violating its policy against organized hate.

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What is next for immigrant ‘Dreamers’ after U.S. Supreme Court ruling?

The U.S. Supreme Court on Thursday ruled 5-4 against President Donald Trump’s move to end the Deferred Action for Childhood Arrivals (DACA) program that offers work permits and deportation relief to certain immigrants who came to the country illegally as children.

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Wall Street oscillates amid COVID-19 spikes, muted data

Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.

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Facebook takes down certain posts, ads from Trump re-election campaign

Facebook Inc said on Thursday it took down certain posts and advertisements from U.S. President Donald Trump and Vice President Mike Pence related to their re-election campaign, due to violation of the social network’s policy against organized hate.

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U.S. prison riot teams faulted for injuring staff during exercises

U.S. Bureau of Prisons riot teams that helped protect the White House during protests earlier this month injured employees by deploying flash bang grenades and pepper spray during exercises last year, the Justice Department’s internal watchdog has found.

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Trump to release new list of conservative Supreme Court nominees

President Donald Trump said on Thursday he planned to release a new list of conservative nominees to the U.S. Supreme Court after the high court dealt him a major setback on his hardline immigration policies.

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Tesla wants to start building a new U.S. vehicle plant this summer

Electric vehicle maker Tesla Inc wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

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Trump says process to deal with Dreamer immigrants must start all over

U.S. President Donald Trump on Thursday said a legal solution was needed to address the hundreds of thousands of so-called Dreamer immigrants after the nation’s top court blocked his earlier effort to end their protections, but gave no other details on how he planned to proceed.

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S&P 500 muted as virus cases rise, jobless claims weigh

The S&P 500 was little changed on Thursday as coronavirus infections picked up again in parts of the United States and data showed an elevated level of weekly jobless claims, lending weight to predictions of a prolonged economic recovery.

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U.S. labor market improvement stalling; second wave of layoffs seen

The number of Americans filing for unemployment benefits fell last week, but the pace of decline has stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

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Atlanta officer says he is not ‘state’s witness’ in Rayshard Brooks case

Devin Brosnan, one of the two Atlanta police officers charged in the shooting death of Rayshard Brooks, has not agreed to be a witness for the prosecution, his lawyer said on Thursday, contradicting an assertion by the lead prosecutor on the case.

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Pelosi urges Senate to take up ‘Dreamers’ bill after top court ruling

U.S. House Speaker Nancy Pelosi on Thursday urged the Senate to take up legislation previously passed by the Democratic-led House in support of so-called “Dreamers” now that the Supreme Court has blocked President Donald Trump’s effort to end their protections.

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Former White House aide Bolton says Trump not ‘fit’ to be president

Former top White House aide John Bolton delivered a damning indictment of his former boss, saying Donald Trump’s behavior in office and dealings with foreign leaders showed he was unfit to be president of the United States.

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Top Pentagon official Wheelbarger resigns as critics accuse Trump of seeking ‘loyalists’

Kathryn Wheelbarger, one of the Pentagon’s most prominent and respected policy officials, is resigning after three years in the job at a time when critics have accused President Donald Trump of prioritizing perceived “loyalists” for top national security posts, sources told Reuters on Thursday.

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IMF says deeper-than-expected contraction in U.S. economy likely in second quarter

A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.

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S&P 500, Dow muted as virus cases rise, jobless claims weigh

The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims.

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Atlanta officer says not ‘state’s witness’ in Rayshard Brooks case, contradicting prosecutor

Devin Brosnan, one of the two Atlanta police officers charged in the shooting death of Rayshard Brooks, has not agreed to be a witness for the prosecution, his lawyer said on Thursday, contradicting an assertion by the lead prosecutor on the case.

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Explainer: London faces up to former role insuring Atlantic slave trade

London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism.

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Trump: U.S. Supreme Court decisions ‘horrible’

President Donald Trump on Thursday railed against the U. S. Supreme Court’s “horrible” decisions, seemingly referring to recent rulings that gay and transgender workers are protected under federal employment laws and blocking his bid to end legal protections for immigrants known as “Dreamers.”

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Pelosi says Trump ‘ethically unfit’ for presidency, will continue oversight

U.S. House Speaker Nancy Pelosi said on Thursday revelations in a book by a former top White House aide show President Donald Trump is unfit and unprepared to be president and Democrats will continue oversight of the Republican president’s behavior.