Dollar jumps after surprise boost in May payrolls

(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar rose on Friday after May’s non-farm payrolls report showed employment numbers surged, while traders weighed the merits of the U.S. Federal Reserve possibly skipping a rate…

Read More

YouTube to stop removing content making false claims on past elections

(Reuters) – Alphabet Inc’s YouTube said on Friday that the platform would stop removing content that might have spread false claims related to U.S. presidential elections in 2020 and before. The new set of updates is part of YouTube’s elections misinformation policy that will go into effect immediately. “In the current environment, we find that…

Read More

US CIA chief Burns visited China in May

By Michael Martina and Trevor Hunnicutt WASHINGTON (Reuters) -CIA director William Burns visited China last month for talks with Chinese counterparts, two U.S. officials said on Friday as Washington seeks to boost communications with Beijing. “Last month, Director Burns traveled to Beijing where he met with Chinese counterparts and emphasized the importance of maintaining open…

Read More

Fitch keeps U.S. credit rating on negative watch despite debt limit deal

(Reuters) -The United States’ “AAA” credit rating will remain on negative watch, despite a debt limit agreement that will allow the government to meet its obligations, Fitch Ratings said on Friday. The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government’s $31.4 trillion debt ceiling, following months of…

Read More

North Carolina’s Fort Bragg sheds Confederate name, becomes Fort Liberty

(Reuters) – Fort Bragg, the U.S. Army base in North Carolina that is among the world’s largest military installations, was formally renamed Fort Liberty on Friday, part of a broader effort to rechristen bases named for Confederate officers. Last year, a commission created by Congress recommended new names for nine bases that honored Confederate officers,…

Read More

Analysis-Risk of US downgrade still on the cards despite debt deal

By Davide Barbuscia NEW YORK (Reuters) -While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as 11th-hour debt ceiling negotiations have become an almost regular feature in recent U.S. history. The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the…

Read More

US says more nuclear arms not needed to deter Russia, China

By Jonathan Landay and Arshad Mohammed WASHINGTON (Reuters) – The United States does not need more nuclear weapons to deter the combined forces of Russia and China because of its advanced military capabilities, U.S. national security adviser Jake Sullivan said on Friday. Sullivan also said Washington will abide by the limits on strategic nuclear weapons…

Read More