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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

US stocks post small gains, major indexes up for the week

By ALEX VEIGA | February 14, 2020

Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain.The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week....

EU chief unveils budget plan setting scene for tense summit

By LORNE COOK | February 14, 2020

BRUSSELS (AP) — The European Council president unveiled Friday his proposal for the EU’s next long-term budget, but the figure falls far short of the demands of Europe’s parliament, which must ratify the spending package, setting the scene for tense...

Negative interest rates turn saving, borrowing upside down

By DAVID McHUGH and CHRISTOPHER RUGABER | February 14, 2020

FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest.Welcome to the upside-down world of ultra-low and negative interest rates...

Zuckerberg accepts that Facebook may have to pay more tax

February 14, 2020

LONDON (AP) — Facebook CEO Mark Zuckerberg plans to throw his support behind international reforms that would require Silicon Valley tech giants to pay more tax in Europe.The billionaire social network founder is due to meet members of the European...

Esper defends shifting defense funds for Trump’s border wall

By ROBERT BURNS | February 14, 2020

MUNICH, Germany (AP) — U.S. Defense Secretary Mark Esper on Friday defended his decision to divert billions of dollars in funding for Navy and Air Force aircraft and other military programs to help pay for President Donald Trump's promised wall on the...

With Britain out, the unwieldy EU faces major budget battle

By RAF CASERT | February 14, 2020

BRUSSELS (AP) — The Brexit drama shook the foundations of the European Union for years and laid bare the need for much-delayed political renovations at the 27-nation bloc. But now that Britain has finally left, where does the EU revamp even start and...

Asian stocks rebound from early losses as virus toll grows

By YURI KAGEYAMA | February 14, 2020

Shares rebounded in Asia on Friday after an early sell-off, though Japan's benchmark declined as investors reacted to news of a growing number of cases of a new virus among the local population.The Nikkei 225 fell 0.6% in morning trading to 23,683.44....

New Mexico bid for recreational marijuana is all but doomed

By MORGAN LEE | February 13, 2020

SANTA FE, N.M. (AP) — New Mexico's bid to become the 12th U.S. state to legalize recreational use of marijuana abruptly fell flat after state senators in a legislature dominated by Democrats rejected a bill that would have forced permission for sales...

After impeachment: Congress adrift, oversight uncertain

By LISA MASCARO | February 12, 2020

WASHINGTON (AP) — Inside the Capitol, it’s as if the impeachment of President Donald Trump never happened.One week after the historic undertaking shuttered to a close, Congress is feverishly back at work emboldened but also arguably diminished by...

White House tries to assure Congress over withheld money

By ANDREW TAYLOR | February 12, 2020

WASHINGTON (AP) — A key White House figure in delaying aid to Ukraine last year reassured lawmakers Wednesday that the Trump administration realizes it is required under the law to spend money approved by Congress.Acting budget director Russell Vought...

Seattle councilwoman charged over work toward ‘Amazon tax’

February 11, 2020

SEATTLE (AP) — Seattle’s elections watchdog has charged a city councilwoman with violating the law by using her office to promote a potential ballot measure that would tax Amazon and other large companies to pay for things like affordable housing.The...

House approves plan to create US women’s history museum

By ASHRAF KHALIL | February 11, 2020

WASHINGTON (AP) — Three years after the opening of the Smithsonian's landmark Museum of African American History and Culture, momentum is building toward the creation of a museum dedicated to American women's history.The House of Representatives on...