Stephen B. Morton/AP
After galloping along for the past two years, the global economy is showing signs of weakening, with the United States, China and Europe all facing the rising threat of a slowdown.
Few economists foresee an outright global recession within the next year. But the synchronized growth that powered most major economies since 2017 appears to be fading. The risks have been magnified by the trade war raging between the United States and China, the strife dividing Britain over an exit from the European Union and the Federal Reserve's continuing interest rate hikes.
It's all been enough to contribute to a broad retreat in global stock markets. Counting Tuesday's deep losses, U.S. stock indexes, once up around 10 percent for the year, have surrendered all their 2018 gains.
Lefteris Pitarakis/AP, FIle
President Donald Trump said Tuesday the U.S. will not punish Saudi Crown Prince Mohammed bin Salman at this time nor cut arms sales to Saudi Arabia for the killing of U.S.-based columnist Jamal Khashoggi.
Trump called the killing of Khashoggi inside the Saudi consulate in Istanbul a "horrible crime" that the U.S. does not condone, but said Saudi Arabia is a "great ally" and canceling billions in arms sales would only benefit China and Russia, which would be glad to step in and make the sales.
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The major indexes fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while the most popular technology stocks dropped again.
The Dow Jones Industrial Average fell 500 points while the S&P 500 plunged 1.8 percent. The Nasdaq Composite, meanwhile, dropped 2.3 percent. The Dow and Nasdaq were up 1.2 percent and 1.8 percent for 2018, respectively, entering Tuesday's session. The S&P 500 was up 0.6 percent.
Target fell 9.2 percent after reporting weaker-than-expected earnings for the previous quarter. The company also posted lighter-than-forecast same-store sales, which is a key metric for retailers.
Manuel Balce Ceneta/AP
President Donald Trump pardoned a turkey at the White House Tuesday, but not without joking about partisan politics in Washington and around the country.
A turkey called Peas won the right to be named the official National Thanksgiving Turkey, beating out another 40-pound South Dakota turkey called Carrots. (In the end, both get the coveted presidential pardon and avoid ending up as Thanksgiving dinner at the White House.)
The public was allowed to select this year's turkey through an online vote. Trump said it was "a fair election" but, "unfortunately, Carrots refused to concede and demanded a recount."
A federal judge has barred the Trump administration from refusing asylum to immigrants who cross the southern border illegally.
President Donald Trump issued a proclamation on Nov. 9 circumventing immigration law, saying anyone who crossed the southern border between official ports of entry would be ineligible for asylum.
As the first of several caravans of migrants have started arriving at the U.S.-Mexico border, Trump said the restrictions were necessary to stop what he's called a national security threat. He also sent thousands of active-duty troops to the border to back up immigration officials there.
Kate McClure, one of three people accused in an elaborate GoFundMe scam, says she's also a victim. Her attorney says this audio clip she recorded without her boyfriend's knowledge shows that.
t’s been two years since Massachusetts residents voted "yes" to recreational marijuana and now, they're able to buy it.
With sales officially starting at 8 a.m. on Tuesday, the two legal pot shops so far, Leicester-based Cultivate and Northampton-based New England Treatment Access, are expecting long lines as they become the first two recreational marijuana dispensaries to open in the eastern U.S.
One person was found shot dead outside a burning New Jersey mansion and two other bodies were found inside, according to law enforcement sources.
After a turkey called Peas won an online vote for the official presidential pardon for Thanksgiving, President Donald Trump joked that Democrats could contest the action.
The Department of Homeland Security is gathering intelligence from paid undercover informants inside the migrant caravan that is now reaching the California-Mexico border as well as monitoring the text messages of migrants, according to two DHS officials.
The 4,000 migrants, mainly from Honduras, have used WhatsApp text message groups as a way to organize and communicate along their journey to the California border, and DHS personnel have joined those groups to gather that information, NBC News reported.
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Authorities say a woman killed inside a religious supply store in suburban St. Louis was a customer.
Police on Tuesday identified the victim as 53-year-old Jamie Schmidt of House Springs.
An armed man entered the Catholic Supply of St. Louis store near the town of Ballwin Monday afternoon. Police say the man committed a sexual assault before shooting the victim in the head. Authorities declined to say if more than one woman was assaulted.
News 4 NY
A 13-year-old Long Island boy battling a rare and deadly form of leukemia stood with his parents in family court Monday, sharing another disappointment as a New York judge rejected the family's emergency petition to halt his daily chemotherapy treatments.
"I don't need chemo because I don't have any more cancer in my body," Nicholas Gundersen told reporters Monday. "It's difficult because every time I get it, I always feel sick. And I don't want to feel sick if I don't have to feel sick."
The teen's cancer is said to be in remission, but his doctors at NYU Winthrop Hospital insist the boy needs 40 more months of chemotherapy.
Ivanka Trump, the president's daughter and a top White House adviser, sent hundreds of emails about government business from a personal email account last year, The Washington Post reported Monday.
The emails were sent to White House aides, Cabinet members and Ivanka Trump's assistants, many in violation of public records rules, the paper said. President Donald Trump mercilessly criticized his 2016 Democratic rival, Hillary Clinton, for using a private email server during her time as secretary of state, labeling her "Crooked Hillary" and saying she belonged in jail.
A Chicago police officer, a doctor and a pharmaceutical assistant have died after being shot Monday afternoon by a gunman at Mercy Hospital and Medical Center on Chicago's South Side, officials said. The gunman also was killed, police said, though it's not clear if it was self-inflicted or by police gunfire.
"It's with profound sadness that we share the death of PO Samuel Jimenez from tonight's senseless active shooter incident," police spokesman Anthony Guglielmi tweeted. "Please pray for his family, his fellow officers & the entire #ChicagoPolice Department."
Jimenez, from the 2nd District, joined the force in February 2017 and had just finished his probationary period as an officer, police Supt. Eddie Johnson said at a Monday night press conference. He and his partner were assigned to another location when they responded to officers needing assistance.
Brad Weldon lost his home to fire when he was a kid, so when a deadly wildland blaze came roaring toward his ranch house in the pines where he lives with his 89-year-old blind mother, he wasn't going to let disaster strike twice.
Weldon and his mother's caregiver, armed only with a garden hose and buckets, successfully fought the flames for 24 hours. At times, they had to lie down in the dirt to "avoid burning up" as 60 mph winds drove flames through the forest.
Having saved his home in Paradise, Weldon's not leaving what he now calls the "hell zone."
"If they take me out of here, it will be at gunpoint," Weldon said.