Retail boosts stocks to record highs on earnings surge
U S stocks rose for a sixth straight day led by Best Buy PVH and Amazon as retailers tech and health care shares lifted indexes to record highs. Oil prices slid despite OPEC Russia cuts while energy stocks fell and analysts warned the rally may not signal broad retail improvement.
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Burlington
Russia
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International Standard
London
Motive and leaks in Manchester Arena bombing probe
The suspect Salman Abedi was said to act from anger over Britain’s treatment of Arabs and a Muslim friend’s death. Investigations expanded across Europe to Libya with eight arrests in Britain as leaks strained U.S.-U.K. intelligence sharing ongoing.
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USS
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Donald Trump
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New York Times
Appeals court rebukes revised travel ban in 4th Circuit ruling
The 4th U.S. Circuit Court of Appeals, in a 10 to 3 decision, says the revised travel ban on six Muslim-majority countries carries religious intolerance and likely violates the Constitution. It upholds blocking visa cuts for Iran, Libya, Somalia, Sudan, Syria and Yemen and signals plans to take the case to the Supreme Court.
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U S bomb in Mosul triggers civilian deaths over 100
U S airstrike in Mosul on March 17 set off secondary explosives hidden by Islamic State within a concrete building. The blast killed more than 100 civilians and collapse followed, of which Iraqi troops and U S forces were unaware of civilians or bombs inside. It may be the largest civilian death toll since 2014.
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Ryan vows to meet deadline to raise debt ceiling
House Speaker Paul Ryan pledges Congress will raise the borrowing authority to avert a default. Treasury Secretary Mnuchin warned lawmakers to vote before August vacation as conservatives push for spending cuts in the debt legislation. Former Speaker Boehner previously pressed for cuts in 2011.
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