Today's Top News Story

Trump orders more Iran sanctions as Saudi displays attack evidence

JEDDAH/DUBAI (Reuters) - U.S. President Donald Trump ordered a major increase in sanctions on Iran on Wednesday as Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites "unquestionably sponsored" by Tehran. Read More

 

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Israel's Netanyahu fails to win majority in close election

JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu failed to win a ruling majority in an election that produced a virtual tie between his right-wing bloc and a center-left grouping that would be led by former military chief Benny Gantz. More »

 

Fed's job gets more complex as fed funds rate moves out of bounds

WASHINGTON (Reuters) - Stress in U.S. money markets loomed over a Federal Reserve policy meeting on Wednesday with new data showing that the central bank's target interest rate had drifted outside the level set by the central bank for the first time since the 2007-2009 financial crisis. More »

 

U.S. charges 58 in Texas with healthcare fraud, illegal opioid distribution

(Reuters) - U.S. prosecutors announced charges on Wednesday against 58 people accused of engaging in healthcare fraud schemes that centered on the illegal distribution of more than 6 million opioid pills across Texas. More »

 

Turkish court rules to keep U.S. consulate worker in jail: lawyer

ISTANBUL (Reuters) - A Turkish court ruled on Wednesday to keep a U.S. consulate employee in jail as his trial on espionage charges continues, a lawyer said, meaning he will remain in detention until the next hearing in December. More »

 

GM to temporarily lay off 1,300 workers in Canada: CNBC

(Reuters) - General Motors Co plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at United States plants during the United Auto Workers strike, CNBC reported on Wednesday. More »

 

U.S. housing starts, building permits race to 12-year high

WASHINGTON (Reuters) - U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market. More »

 

U.S. social media firms say they are removing violent content faster

WASHINGTON (Reuters) - Major U.S. social media firms told a Senate panel Wednesday they are doing more to prevent to remove violent or extremist content from online platforms in the wake of several high-profile incidents, focusing on using more technological tools to act faster. More »

 

Wall Street retreats ahead of Fed decision as FedEx weighs

(Reuters) - U.S. stocks came under pressure on Wednesday as investors waited for the Federal Reserve's decision on interest rates and clues about its future monetary policy, while a profit warning by FedEx weighed on sentiment. More »

 

Greta Thunberg to Congress: 'Don't listen to me. Listen to the scientists'

WASHINGTON (Reuters) - Teenage activist Greta Thunberg, who has inspired a global movement for climate change, delivered a pointed message before a Congressional hearing on Wednesday: "I don’t want you to listen to me. I want you to listen to the scientists." More »

 

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