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BEIJING (AP) — The series of convulsive market retreats around the world seem to have ended for now. China's stock market index today surged 5.3 percent, its biggest gain in eight weeks. This came as markets across Asia rose in response to yesterday's Wall Street rally. The global trading upswings have given investors some relief after a week of gut-wrenching losses.
WASHINGTON (AP) — It appears the U.S. economy's performance in the spring was better than previously estimated. That's the opinion of economists surveyed by the data firm FactSet. In advance of today's gross domestic product release, they're forecasting that business growth in the second quarter was actually 3 percent instead of the 2.3 percent annual rate initially announced.
WASHINGTON (AP) — President Barack Obama says the fatal on-air shooting of two Virginia TV journalists is heartbreaking. Obama says "it breaks my heart every time" he reads or hears about these kinds of incidents. Obama says, "What we know is that the number of people who die from gun-related incidents around this country dwarfs any deaths that happen through terrorism."
SAN JUAN, Puerto Rico (AP) — A fast-moving Tropical Storm Erika is closing in on Antigua (an-TEE'-guh) and Barbuda (bahr-BYOO'-duh), dumping rain on the eastern Caribbean on a path that's expected to take it by Puerto Rico later in the day. Across the region, officials have ordered schools, airports and casinos to close. And they are preparing shelters ahead of the storm, which is not expected to strengthen over the next two days.
SAN FRANCISCO (AP) — A grand jury in Santa Clara County, California has indicted former San Francisco 49ers defensive lineman Ray McDonald on one count of rape of an intoxicated person. The announcement came yesterday, with the indictment stemming from an incident Dec. 15 at McDonald's home.
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