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Snapchat to stop 'promoting' Trump amid uproar over tweets

Barbara Ortutay, Associated Press  |  Posted Jun 3rd - 1:50pm

Snapchat will stop “promoting” President Donald Trump on its video messaging service, the latest example of a social media platform adjusting how it treats this U.S. president.

Gold, silver finish lower

The Associated Press  |  Posted Jun 3rd - 1:26pm

The June gold contract on the New York Mercantile Exchange closed today at $1,697.80 an ounce, down $27.40.

Crude rises

The Associated Press  |  Posted Jun 3rd - 1:23pm

Crude oil futures prices ended higher on the New York Mercantile Exchange. The near-month contract for the benchmark grade rose 48 cents -- closing at $37.29 a barrel.

Dollar mixed

The Associated Press  |  Posted Jun 3rd - 1:22pm

The U.S. dollar is mixed against other North American currencies in New York trading.

US job losses in May could raise 3-month total to 30 million

Christopher Rugaber, Associated Press  |  Posted Jun 3rd - 12:38pm

The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working.

Cinema chain AMC warns it may not survive the pandemic

Tali Arbel, Associated Press  |  Posted Jun 3rd - 12:14pm

Netflix and a growing stable of rivals — is providing new competition.

Fed approves expansion of state and local support program

Martin Crutsinger, Associated Press  |  Posted Jun 3rd - 12:06pm

The Federal Reserve has approved an expansion of its $500 billion emergency program to support state and local governments.

Cannes announces lineup for a festival canceled by COVID

Jake Coyle, Associated Press  |  Posted Jun 3rd - 11:54am

“Mangrove” and “Lover's Rock” — had been headed to Cannes, said festival director Thierry Fremaux, as was Wes Anderson's “The French Dispatch” and Pete Docter's Pixar film “Soul.”

Current and former executives at chicken producer Pilgrim's Pride have been indicted on federal price-fixing charges

The Associated Press  |  Posted Jun 3rd - 11:29am

Current and former executives at chicken producer Pilgrim's Pride have been indicted on federal price-fixing charges.

Update on the latest business

The Associated Press  |  Posted Jun 3rd - 11:07am

Stocks are rising again on optimism that the economy can climb out of its current hole more quickly than earlier feared.

Tropical Storm Cristobal makes landfall on Mexico Gulf coast

The Associated Press  |  Posted Jun 3rd - 9:30am

Tropical Storm Cristobal made landfall in Mexico’s Gulf coast state of Campeche Wednesday, dumping heavy rain on the already soaked region ahead of an expected eventual turn toward the United States, the U.S. National Hurricane Center said.

Tourist towns balance fear, survival in make-or-break summer

Gillian Flaccus, Associated Press  |  Posted Jun 3rd - 9:00am

As the coronavirus raced across America, this quaint seaside town did what would normally be unthinkable for a tourist destination.

Grains mostly higher,livestock lower.

The Associated Press  |  Posted Jun 3rd - 8:55am

Grain futures were mostly higher on Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery gained 4.40 cents at $5.1460 a bushel; July corn fell 2 cents at $3.2240 a bushel; July oats rose 3 cents at $3.31 a bushel; while May soybeans was up .60 cent at 8.5460 a bushel.

Trump administration moves to block Chinese airlines from US

The Associated Press  |  Posted Jun 3rd - 8:47am

The Trump administration moved Wednesday to block Chinese airlines from flying to the U.S. in an escalation of trade and travel tensions between the two countries.

Trump administration to block Chinese passenger airlines from traveling to US starting in mid-June

The Associated Press  |  Posted Jun 3rd - 8:40am

Trump administration to block Chinese passenger airlines from traveling to US starting in mid-June.

US service sector contracts for second month in May

Martin Crutsinger, Associated Press  |  Posted Jun 3rd - 8:33am

The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country.

Dollar mixed

The Associated Press  |  Posted Jun 3rd - 8:15am

The U.S. dollar is mixed against other North American currencies in New York trading.

Rescued migrants stranded on chartered Maltese tourist boats

Frances D'Emilio and Rene Rossignaud, Associated Press  |  Posted Jun 3rd - 7:03am

More than 400 migrants are living aboard pleasure cruise vessels bobbing in the sea off Malta, many of them for weeks now. But for them, it's no pleasure, only uncertainty over their fate and they aren’t cruising anywhere.

Syria says new wave of US sanctions is 'economic terrorism'

The Associated Press  |  Posted Jun 3rd - 6:50am

The Syrian government condemned Wednesday a new wave of U.S. sanctions against the country, calling the measures “economic terrorism” that will increase the suffering of the Syrian people.