North America

USA: Stocks move broadly higher as receding debt fears spur rally

(AP) --- Stocks rose broadly in morning trading on Wall Street as investors welcomed signals that a standoff in Congress over the federal debt ceiling is closer to a resolution.

The S&P 500 rose 1.4% as of 10:16 a.m. Eastern. Roughly 95% of stocks within the benchmark index gained ground. The Dow Jones Industrial Average rose 514 points, or 1.5%, to 34,930 and the Nasdaq rose 1.6%.

Markets in Europe and Asia were also broadly higher.

US hiring may have risen last month in a sign of resilience

WASHINGTON (AP) — America’s employers may have stepped up their hiring last month after a slowdown in August. But COVID-19′s fingerprints will likely still be found on the September jobs report being released Friday.

Economists have forecast that employers added 488,000 jobs last month, according to data provider FactSet. That’s about half the gains in both June and July, when a sharp drop in new infections spurred more traveling, shopping and spending, but well above August’s sluggish growth of 235,000 jobs. The unemployment rate is expected to have dropped from 5.2% to 5.1%.

USA: Mystery lingers around cause of California oil pipeline leak

HUNTINGTON BEACH, Calif. (AP) — Investigators searching for the cause of an oil pipeline break off the Southern California coast have pointed to the possibility that a ship anchor dragged the line across the seabed and cracked it, but two videos released so far provide only tantalizing clues about what might have happened 100 feet (30 meters) below the ocean surface.

USA: Trump-backed candidates face scrutiny after minimal vetting

WASHINGTON (AP) — One has been accused of assaulting another White House aide. Another allegedly threatened his ex-wife’s life, exaggerated claims of financial success and alarmed business associates with his erratic behavior. A third has asked a judge to keep past protection-from-abuse orders sealed.

USA: Elon Musk says Tesla will move HQ from California to Texas

(AP) --- Tesla will relocate its headquarters from Palo Alto, California, to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State, CEO Elon Musk said Thursday.

Musk, who last year said he was moving to Texas from California, gave no timeline for the move when he addressed shareholders at Tesla’s annual meeting.

Pakistan to continue to standby oppressed Kashmiris, push for implementation of UNSC resolutions: Afridi

WASHINGTON, Oct 05 (APP): Pakistan has consistently upheld the right of the people of Jammu and Kashmir to self-determination in accordance with UN Security Council resolutions that provide for an impartial plebiscite to enable the Kashmiri people to decide their future, Shehryar Khan Afridi, Chairman of the Parliamentary Special Committee on Kashmir, has said.

Pakistan urges world community to move to end India’s terrorism in Pakistan, Kashmir

UNITED NATION, Oct 07 (APP): India is conducting terrorist acts in Pakistan and also against the people of Indian-occupied Jammu and Kashmir, Pakistani Ambassador Munir Akram told a UN panel on Wednesday, while urging the world community to move and bring about an end to those operations.

Subscribe to North America