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Northern Star

Northern Illinois University’s student news organization since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

WH report says economy accelerated under Trump

By JOSH BOAK | February 20, 2020

WASHINGTON (AP) — A new White House report says the U.S. economy is growing faster than expected, even though the annual gains of 3% that President Donald Trump promised to voters have yet to be achieved.The annual economic report of the president released...

HSBC cuts headcount by 35,000 in deep overhaul

By DANICA KIRKA and ELAINE KURTENBACH | February 18, 2020

LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus.The...

Powell hears bipartisan Senate support for Fed independence

By CHRISTOPHER RUGABER | February 12, 2020

WASHINGTON (AP) — Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter.“Stay...

S&P 500 slips for first time this week as momentum stalls

By ALEX VEIGA and STAN CHOE | February 7, 2020

Wall Street closed out the market’s best week in eight months Friday with a broad slide as technology and health care stocks gave back some of their recent gains.The pullback, which followed a sell-off in markets around the world, snapped a four-day...

World stock markets retreat ahead of US jobs report

By JOE McDONALD | February 7, 2020

Global stock markets retreated Friday ahead of the monthly U.S. jobs report and after France and Germany reported weak factory data.Investors also continued to monitor the impact on businesses of the virus outbreak in China.Germany's DAX lost 0.6% to...

Asian stock markets retreat after surge on China tariff cut

By JOE McDONALD | February 6, 2020

Asian stock markets retreated Friday following a surge after China announced a tariff cut on U.S. imports.Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney all declined. Tokyo was flat. Major Asian markets jumped more than 2% on Thursday after...

Virginia lawmakers pass protections for LGBTQ people

By SARAH RANKIN | February 6, 2020

RICHMOND, Va. (AP) — Virginia lawmakers passed comprehensive anti-discrimination legislation Thursday that advocates said makes the state the first in the South to enact such protections for LGBTQ people.The measures advanced on bipartisan votes, 59-35...

Text of President Trump’s 2020 State of the Union address

February 4, 2020

WASHINGTON (AP) — Text of President Donald Trump's 2020 State of the Union address, as provided by the White House:Madam Speaker, Mr. Vice President, Members of Congress, the First Lady of the United States, and my fellow citizens:Three years ago, we...

German unemployment rate climbs above 5% in January

January 30, 2020

BERLIN (AP) — Germany's jobless rate climbed above 5% in January, pushed higher largely by seasonal factors while also reflecting slower growth in Europe's biggest economy, official data showed Thursday.The unadjusted unemployment rate, the headline...