Today's Top News Story

Wall Street vs Main Street fight quashes hedge funds as GameStop keeps rallying

(Reuters) - Retail traders scored against professionals on Wednesday as hedge funds Citron and Melvin retreated with heavy losses on short positions in GameStop in the week-long battle between Wall Street and Main Street, with more calling for scrutiny of anonymous stock trading posts on social media. Read More

 

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Exclusive: Proud Boys leader was ‘prolific’ informer for law enforcement

WASHINGTON (Reuters) - Enrique Tarrio, the leader of the Proud Boys extremist group, has a past as an informer for federal and local law enforcement, repeatedly working undercover for investigators after he was arrested in 2012, according to a former prosecutor and a transcript of a 2014 federal court proceeding obtained by Reuters. More »

 

Fed leaves policy unchanged as economic recovery appears to moderate

WASHINGTON (Reuters) - The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its monthly bond purchases, pledging again to keep those economic pillars in place until there is a full rebound from the pandemic-triggered recession. More »

 

On his first day, Secretary of State Blinken commits to rebuilding U.S. diplomacy worldwide

WASHINGTON (Reuters) - Antony Blinken began his first full day as U.S. secretary of state on Wednesday promising to repair ties with global partners and show the world that America can lead, while tackling climate change, the erosion of democracies and other complex issues. More »

 

Biden pauses oil and gas leases, cuts subsidies in 'bold' climate steps

WASHINGTON (Reuters) - President Joe Biden on Wednesday signed a raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon to the economy. More »

 

Analysis: A 'transitory way to govern' - Biden reverses Trump's orders with the stroke of a pen

(Reuters) - In his first week in office, U.S. President Joe Biden has rolled out a wave of executive orders to fulfill a roster of campaign promises, underscoring just how easy it is to reverse some of the policies of his predecessor, Donald Trump. More »

 

COVID-19 death toll in the Americas reaches 1 million people, says PAHO director

BRASILIA (Reuters) - Over one million people in the Americas have now died from complications from COVID-19, the head of the Pan American Health Organization (PAHO), Carissa Etienne, said on Wednesday. More »

 

Explainer: Why Trump's post-presidency perks, like a pension and office, are safe for the rest of his life

(Reuters) - The impeachment proceeding against Donald Trump on a charge of inciting the Jan. 6 attack on the U.S. Capitol has fueled speculation online that he could lose some of the benefits extended to former presidents. More »

 

Exclusive: Family of Black man killed by Cincinnati store owner seeks federal civil rights probe

(Reuters) - The family of an unarmed Black man who was shot dead by a white store owner in Cincinnati asked the U.S. Justice Department on Wednesday to open a civil rights investigation into the case after the local prosecutor declined to bring any charges. More »

 

White House climate envoy Kerry says issues U.S. has with China will not be 'traded' for climate

WASHINGTON (Reuters) - White House special presidential envoy for climate John Kerry said on Wednesday that no issues the United States has with China will be "traded" for climate. More »

 

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