Author: Editor - Top Stories

Powerful snowstorm hits eastern U.S., snarling travel

BOSTON/NEW YORK (Reuters) – High winds and heavy snow barreled into the U.S. Northeast on Thursday, closing schools and government offices and disrupting travel as work crews scrambled to clear roads before plummeting temperatures turn snow into treacherous ice. Thousands of flights were canceled, snow plows and salt trucks were omnipresent on roads and highways, and commuters who braved the storm to head in to their jobs hoped they would be able to make it home safely as the storm intensified later in the day. Blizzard warnings were in...

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Dow breaks above 25,000 for first time

(Reuters) – The Dow Jones Industrial Average sailed past the 25,000-mark for the first time on Thursday, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust growth in major economies. The ADP National Employment Report showed that U.S. private employers added 250,000 jobs in December, marking the biggest monthly increase since March, and much above the 190,000 job additions forecast by economists polled by Reuters. A more comprehensive non-farm payrolls report on Friday is expected...

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U.S. State Dept. re-designates countries for violating religious freedom

WASHINGTON (Reuters) – The U.S. State Department said on Thursday it had re-designated 10 countries as “countries of particular concern” under the International Religious Freedom Act for having engaged in or tolerated egregious violations of religious freedom. Pakistan has also been placed on a special watch list for “severe violations of religious freedom,” it said in a statement. The countries were re-designated on Dec. 22. Reporting by Makini Brice; Editing by Tim Ahmann Our Standards:The Thomson Reuters Trust...

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Israel proposes ban on trading shares of cryptocurrency companies

JERUSALEM (Reuters) – Israel may ban from trading on the Tel Aviv Stock Exchange companies whose main business revolves around bitcoin and other cryptocurrencies, the Israel Securities Authority (ISA), the country’s markets regulator, said on Thursday. The regulator has proposed an amendment to exchange rules that would prohibit it from listing shares issued by companies that mainly invest in, own or mine cryptocurrencies. Such companies also would not be allowed in the exchange’s indexes, and if they already trade on the exchange they would be delisted. The ban would...

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Trump administration to end Obama-era marijuana policy: source

WASHINGTON (Reuters) – The U.S. Department of Justice on Thursday will rescind an earlier marijuana policy under former Democratic President Barack Obama that eased enforcement of federal laws amid a growing number of local legalization efforts, according to a source familiar with the change. The Obama-era policy, outlined by then-Deputy Attorney General James Cole, recognized marijuana as “a dangerous drug” but said the department expected states and localities that authorized various uses of the drug to effectively regulate and police it. Reporting by Sarah Lynch; Writing by Susan HeaveyEditing...

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