The S&P 500 fell for the seventh straight day and the benchmark index suffered its biggest weekly drop since the 2008 financial crisis on growing fears the spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.
Business & Financial News, U.S & International Breaking News
Trump wins bid to block McGahn testimony sought by House Democrats
A divided U.S. appeals court handed President Donald Trump a major legal victory on Friday by dismissing a Democratic-led congressional panel's lawsuit seeking to enforce a subpoena for testimony from former White House Counsel Donald McGahn.
U.S. shuts border bridge to stop migrants rushing across from Mexico
U.S. authorities said they closed the busy Ciudad Juarez-El Paso border bridge on Friday after more than a hundred mostly Cuban migrants tried to cross in response to a court ruling suspending an asylum policy.
Trump again nominates Congressman Ratcliffe as his intelligence director
President Donald Trump said on Friday he again was tapping Republican Representative John Ratcliffe to be the nation's top spy, a loyalist whose first nomination he dropped last year amid questions about a lack of experience and possible resume embellishment.
Malaysia's Mahathir out as former interior minister is named PM
Malaysia's 94-year-old Mahathir Mohamad lost out in the battle to become prime minister on Saturday as the king named former interior minister Muhyiddin Yassin after a week of political turmoil sparked by Mahathir's resignation.
United States expresses concern over arrest of Hong Kong publisher
The U.S. State Department has expressed concern after Chinese-ruled Hong Kong arrested publishing tycoon Jimmy Lai, an outspoken critic of Beijing, and two pro-democracy activists.
Pope resumes individual official audiences, cancels group meetings
Pope Francis, who has been suffering from what the Vatican says is a "slight indisposition," resumed official audiences with individuals in his residence on Saturday but three with groups were canceled.
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