U.S. stocks fell, hit by a downbeat report on the manufacturing sector and a fresh flare-up in trade tensions. The moves were a step back for stocks after they closed out their best month since June.7
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President Trump said he would raise tariffs on steel and aluminum imports from Brazil and Argentina, surprising financial markets and opening a new front in the global trade war.399
Over the past half-century, the U.S. has evolved from an industrial superpower into the undisputed champion of the global services economy. But in recent years, growth has stalled and much rides on whether the trend continues.
House Republicans said in a report that Democrats hadn’t proved that President Trump pressured Ukraine to initiate investigations in an effort to benefit his 2020 re-election bid, and that his hold on nearly $400 million in security assistance was “entirely prudent.”
Urban growth and a surge in crop irrigation are taxing water supplies and fueling interstate legal fights, such as one in which Georgia and Florida battle over how much should be drawn from a river basin they share. Soybean fields or oyster beds?92
The Trump administration has the opportunity for a fresh start with an essential partner, but it faces Baghdad’s unpredictable succession process, entrenched political interests and competition from Iran.
Georgia Gov. Brian Kemp has told GOP leaders he will pick Atlanta businesswoman Kelly Loeffler to be interim U.S. senator, despite objections by President Trump, according to people familiar with the conversations.51
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A powerful winter storm that brought snow and rain to much of the U.S. over the Thanksgiving holiday is expected to linger over the East Coast into Tuesday, disrupting commutes, schools and lingering holiday travel plans.
The Trump presidential campaign said it won’t approve credentials for Bloomberg News reporters to cover campaign events after Bloomberg said it won’t investigate Democratic presidential candidates.
U.S.-based multinationals will be less exposed to certain U.S. taxes after the Treasury Department issued new rules implementing two major pieces of the 2017 tax law.
The FBI said certain Russian-made software, including the viral hit FaceApp, pose a potential counterintelligence threat and could put Americans’ private data at risk.
Senate Republicans are prepared to support tough new protections for consumer data in hopes of salvaging efforts to adopt a national privacy law, Commerce Committee chairman Sen. Roger Wicker (R., Miss.) said.
Business & Finance
Conventional investing wisdom holds that the safest portfolios are highly diversified and spread across a considerable number of assets. But that isn’t stopping plenty of stock pickers from running in the opposite direction.14
Oil prices rose, lifted by the prospect of longer production cuts by OPEC and its allies as well as evidence of improving economic conditions in China.
The maker of Twinkies wants to expand its portfolio with a new bet on wafers, cookies and sugar-free treats.
Journal Report: Small Business
‘Fail fast,’ see what didn’t work and try again is the conventional wisdom. But research shows failed founders aren’t any better the next time. It doesn’t have to be that way.34
U.S.
Rep. Duncan Hunter said he would plead guilty to one count of campaign-finance violations, a move that will allow him to avoid a trial in the federal criminal case accusing him of misusing campaign funds.
A major expansion of gun rights appeared unlikely after arguments before the Supreme Court, where justices focused not on the Second Amendment, but whether the case belonged before the court at all.
Life & Arts
Jason Gay
Dallas, Philadelphia, Washington and New York tangle over a division that refuses to win.60
Bakers cook up new options to suit small households and millennials who don’t want to waste food.32
Doctors at several major hospitals are experimenting with poems as a source of psychological relief and connection.45
The eternal dilemma for anyone choosing presents: Should you go purely practical or indulgently frivolous? We found the best of both.
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